Rakuten Investment Management Inc. Acquires Shares of 465,243 Coinbase Global, Inc. $COIN

Rakuten Investment Management Inc. bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 465,243 shares of the cryptocurrency exchange’s stock, valued at approximately $157,015,000. Coinbase Global comprises 0.5% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 15th largest position. Rakuten Investment Management Inc. owned about 0.18% of Coinbase Global as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COIN. Chicago Partners Investment Group LLC grew its holdings in Coinbase Global by 8.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,189 shares of the cryptocurrency exchange’s stock worth $422,000 after acquiring an additional 97 shares during the last quarter. Huntleigh Advisors Inc. boosted its holdings in shares of Coinbase Global by 2.7% during the third quarter. Huntleigh Advisors Inc. now owns 6,291 shares of the cryptocurrency exchange’s stock worth $2,123,000 after purchasing an additional 165 shares during the period. Forvis Mazars Wealth Advisors LLC grew its stake in shares of Coinbase Global by 3.4% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after purchasing an additional 34 shares during the last quarter. Williams & Novak LLC bought a new stake in shares of Coinbase Global in the third quarter worth about $582,000. Finally, Joel Isaacson & Co. LLC increased its holdings in Coinbase Global by 6.1% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 12,756 shares of the cryptocurrency exchange’s stock valued at $4,305,000 after purchasing an additional 728 shares during the period. 68.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COIN has been the subject of several research analyst reports. Monness Crespi & Hardt upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Monday, November 10th. The Goldman Sachs Group upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $303.00 price target on the stock in a report on Monday, January 5th. HC Wainwright raised shares of Coinbase Global from a “sell” rating to a “buy” rating and raised their target price for the stock from $300.00 to $425.00 in a research report on Thursday, October 30th. Jefferies Financial Group reduced their price target on shares of Coinbase Global from $367.00 to $268.00 and set a “hold” rating on the stock in a research report on Monday, January 12th. Finally, Cantor Fitzgerald lowered their price objective on shares of Coinbase Global from $459.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $362.68.

Coinbase Global News Summary

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Bermuda partnership — Coinbase announced support for Bermuda’s plan to build a “fully on?chain” national economy with Circle, using USDC and Coinbase’s Base infrastructure; this is a material commercialization and adoption opportunity for Coinbase’s on?chain payments, tokenization tools and Base network. Bermuda partners with Coinbase and Circle for ‘fully onchain‘ economy
• Positive Sentiment: Analyst upgrade — Bank of America upgraded COIN to a Buy with a $340 target, citing expanded addressable market, product rollouts, and rising recurring revenue (stablecoin and services). This provides third?party validation and a near?term catalyst for investor interest. Bank of America Asserts Buy Rating on Coinbase
• Positive Sentiment: Tokenization / research narrative — Coinbase research and Institute papers promote tokenization as a structural growth theme (broader market access, “next financial supercycle”), supporting long?term TAM expansion for Coinbase’s custody, tokenization tooling and Base network. Coinbase Signals Next Financial Supercycle
• Positive Sentiment: Brand / user acquisition push — Coinbase launched an NBA “Rookie Firsts” content series to deepen consumer engagement and youth adoption, which could support long?term retail growth and engagement on Base. Coinbase Launches NBA Rookie Firsts Content Series
• Neutral Sentiment: Political/regulatory outreach — CEO Brian Armstrong publicly congratulated pro?crypto governors and is vocally pushing for fair competition between banks and stablecoins; this keeps Coinbase in policy debates that could be positive if favorable rules follow, but outcomes remain uncertain. New governors Abigail Spanberger, Mikie Sherrill congratulated by Brian Armstrong
• Neutral Sentiment: Product / business positioning — Coinbase continues to promote tokenization and capital?access narratives that could expand TAM; these are strategic positives but will take time to monetize at scale. Coinbase calls tokenization the key to wealth access
• Negative Sentiment: Share weakness / crypto correlation — COIN logged a notable intraday/closing decline and analysts point to Bitcoin weakness as a key pressure point; Coinbase still tracks crypto volumes and asset prices closely, so market volatility directly impacts revenue. COIN Suffers a Larger Drop Than the General Market
• Negative Sentiment: Security / reputation risk — A CNBC reader account detailed a sophisticated social?engineering attempt to steal a Coinbase account; while Coinbase says it has protections, such stories can hurt trust and user retention if incidents rise. How my Coinbase account was almost stolen
• Negative Sentiment: Regulatory noise — Reports of tensions around the Clarity Act and Coinbase withdrawing support for a bill over draft issues add uncertainty around federal policy outcomes, which can amplify short?term volatility. Coinbase denies White House split claims

Insider Activity

In other Coinbase Global news, COO Emilie Choi sold 100,000 shares of Coinbase Global stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total value of $31,088,000.00. Following the completion of the transaction, the chief operating officer directly owned 187,802 shares of the company’s stock, valued at approximately $58,383,885.76. The trade was a 34.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $309.92, for a total transaction of $85,870,774.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 820,587 shares of company stock worth $240,717,580 over the last three months. 16.56% of the stock is currently owned by corporate insiders.

Coinbase Global Trading Down 5.6%

NASDAQ:COIN opened at $227.73 on Wednesday. The firm has a market capitalization of $61.41 billion, a P/E ratio of 19.70 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64. The company’s 50-day simple moving average is $253.71 and its 200 day simple moving average is $309.42.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business’s revenue was up 55.1% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. As a group, analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.