WINTON GROUP Ltd Decreases Stock Holdings in Coinbase Global, Inc. $COIN

WINTON GROUP Ltd trimmed its position in Coinbase Global, Inc. (NASDAQ:COIN) by 70.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,935 shares of the cryptocurrency exchange’s stock after selling 27,981 shares during the quarter. WINTON GROUP Ltd’s holdings in Coinbase Global were worth $2,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in COIN. REAP Financial Group LLC purchased a new position in shares of Coinbase Global in the third quarter worth $25,000. Palisade Asset Management LLC purchased a new position in shares of Coinbase Global in the third quarter worth $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Coinbase Global in the third quarter worth $35,000. Stephens Consulting LLC increased its stake in shares of Coinbase Global by 99.0% in the fourth quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock worth $45,000 after buying an additional 100 shares during the period. Finally, Legacy Wealth Managment LLC ID increased its stake in shares of Coinbase Global by 728.0% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 207 shares of the cryptocurrency exchange’s stock worth $47,000 after buying an additional 182 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coinbase Global

In related news, insider Lawrence J. Brock sold 6,616 shares of Coinbase Global stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the sale, the insider owned 517 shares in the company, valued at $97,718.17. The trade was a 92.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the sale, the director owned 30,000 shares in the company, valued at approximately $5,446,200. This trade represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 38,546 shares of company stock worth $7,422,495. 16.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

COIN has been the topic of several analyst reports. Wedbush set a $224.00 target price on shares of Coinbase Global in a research note on Friday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $240.00 target price on shares of Coinbase Global in a research note on Wednesday, May 6th. Oppenheimer decreased their target price on shares of Coinbase Global from $227.00 to $224.00 in a research note on Friday, May 8th. President Capital lifted their target price on shares of Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, China Renaissance cut their price target on shares of Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a report on Monday, February 23rd. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $250.23.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $152.40 on Monday. The stock has a market cap of $40.15 billion, a P/E ratio of 57.29, a price-to-earnings-growth ratio of 5.28 and a beta of 3.32. The firm’s fifty day simple moving average is $186.06 and its 200 day simple moving average is $207.19. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. As a group, research analysts predict that Coinbase Global, Inc. will post 1.77 EPS for the current year.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase is expanding into new products with its SpaceX pre-IPO perpetual futures launch for overseas users, a move that could open up a new, higher-margin trading category and support long-term growth. Article Title
• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, highlighting Coinbase’s push into real-world crypto utility and financial infrastructure. Article Title
• Positive Sentiment: Coinbase CEO Brian Armstrong’s comments on U.S.-China competition reinforce the company’s long-term growth narrative and pro-innovation image. Article Title
• Neutral Sentiment: Coinbase remains widely watched by investors, with high web traffic and analyst attention keeping the stock in focus, though this alone does not change fundamentals. Article Title
• Negative Sentiment: Baird lowered its price target on Coinbase to $142 and flagged weak trading volumes, implying that crypto activity may stay soft for longer than bulls hoped. Article Title
• Negative Sentiment: Bitcoin’s continued selloff and broader crypto weakness are pressuring Coinbase shares by reducing expected trading volume and investor risk appetite. Article Title
• Negative Sentiment: A Coinbase director sold 10,000 shares in a pre-arranged transaction, which can add to cautious sentiment even if it was not a discretionary sale. Article Title

Coinbase Global 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.