Handelsbanken Fonder AB Has $9.19 Million Stock Holdings in Coinbase Global, Inc. $COIN

Handelsbanken Fonder AB decreased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,848 shares of the cryptocurrency exchange’s stock after selling 15,655 shares during the quarter. Handelsbanken Fonder AB’s holdings in Coinbase Global were worth $9,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in shares of Coinbase Global during the fourth quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new stake in shares of Coinbase Global in the third quarter worth $29,000. Osbon Capital Management LLC acquired a new stake in shares of Coinbase Global in the fourth quarter worth $30,000. Glen Eagle Advisors LLC increased its position in Coinbase Global by 101.1% during the first quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock worth $31,000 after acquiring an additional 88 shares during the period. Finally, Archer Investment Corp raised its stake in Coinbase Global by 546.4% during the 1st quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase established a tokenization hub in Abu Dhabi after receiving Financial Services Permission from the local regulator. The initiative could help the company build institutional infrastructure for tokenized securities and expand its presence in the Middle East. Coinbase establishes its tokenization hub in Abu Dhabi
• Positive Sentiment: Coinbase is broadening beyond spot crypto trading through derivatives, institutional products and tokenization. Its planned launch of more than 170 derivatives contracts for eligible U.K. professionals, including crypto, commodities, equities and foreign exchange products, could diversify revenue and increase trading activity. Are Derivatives and Tokenization Coinbase’s Next Growth Engine?
• Positive Sentiment: CEO Brian Armstrong continues to promote stablecoins, decentralized finance and tokenized stocks as tools for expanding global financial access. The strategy supports the long-term bull case for Coinbase if crypto adoption and on-chain financial activity accelerate. Coinbase CEO Brian Armstrong Makes a Strong Case for Global Crypto Adoption
• Neutral Sentiment: Deribit’s upgraded high-speed trading engine, following Coinbase’s acquisition of the derivatives platform, may improve execution and support institutional derivatives growth, although the direct financial benefit is not yet clear. Coinbase Stock Climbs on Deribit’s High-Speed Trading Engine Launch
• Negative Sentiment: New York City is investigating Coinbase and other prediction-market platforms over alleged deceptive advertising and possible targeting of young adults and minors. Baltimore has separately sued Kalshi and Polymarket, naming Coinbase as a partner, which increases compliance and reputational risks. NYC Council announces probe into prediction-market marketing practices
• Negative Sentiment: A Connecticut federal judge ruled that Kalshi’s sports contracts were not swaps, and Coinbase Financial Markets lost a related motion. The decision could complicate Coinbase’s efforts to offer event-based contracts in some states. Connecticut Judge Says Kalshi Sports Contracts Were Never Swaps
• Negative Sentiment: Coinbase says AI-generated bug-bounty submissions are sharply increasing review costs, although only a small portion represent valid paid vulnerabilities. This adds operational noise but appears less significant than the company’s legal challenges. Coinbase Says Bug Reports Could Triple as AI Adds Security Noise

Coinbase Global Stock Up 3.3%

COIN opened at $153.90 on Friday. The company has a market capitalization of $40.60 billion, a P/E ratio of -40.08 and a beta of 3.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s fifty day moving average price is $158.27 and its two-hundred day moving average price is $175.81. Coinbase Global, Inc. has a fifty-two week low of $139.11 and a fifty-two week high of $402.16.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.14 EPS. On average, analysts anticipate that Coinbase Global, Inc. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COIN. Cantor Fitzgerald reduced their price target on shares of Coinbase Global from $250.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Compass Point reaffirmed a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st. Weiss Ratings cut shares of Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Oppenheimer reduced their target price on shares of Coinbase Global from $209.00 to $193.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Monness Crespi & Hardt restated a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Coinbase Global currently has an average rating of “Hold” and a consensus target price of $215.11.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider directly owned 84,753 shares of the company’s stock, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of Coinbase Global stock in a transaction that occurred 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 directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 65,695 shares of company stock worth $10,388,854. Insiders own 16.66% of the company’s stock.

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.