D.A. Davidson & CO. Has $6.17 Million Position in Coinbase Global, Inc. $COIN

D.A. Davidson & CO. increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 14.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,278 shares of the cryptocurrency exchange’s stock after acquiring an additional 2,282 shares during the quarter. D.A. Davidson & CO.’s holdings in Coinbase Global were worth $6,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COIN. Bessemer Group Inc. lifted its position in shares of Coinbase Global by 672.2% during the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after purchasing an additional 1,015 shares in the last quarter. SP Asset Management LLC bought a new stake in Coinbase Global in the 2nd quarter worth about $360,000. Kera Capital Partners Inc. increased its stake in Coinbase Global by 3.0% in the 2nd quarter. Kera Capital Partners Inc. now owns 36,960 shares of the cryptocurrency exchange’s stock valued at $12,954,000 after buying an additional 1,085 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Coinbase Global by 102.6% during the 2nd quarter. Parallel Advisors LLC now owns 10,665 shares of the cryptocurrency exchange’s stock worth $3,738,000 after buying an additional 5,402 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Coinbase Global by 890.8% in the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after buying an additional 28,302 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Key Coinbase Global News

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

• Positive Sentiment: Goldman Sachs upgraded COIN to a buy and highlighted Coinbase’s shift from trading to higher-margin crypto infrastructure (infrastructure revenue ~40% of total), which sparked an earlier rally and supports a longer-term growth narrative. Goldman Sachs upgrade drives 8% rally
• Neutral Sentiment: Valuation and analyst divergence: recent write-ups note mixed short-term returns and differing fair-value estimates for COIN, underscoring that sentiment and earnings execution will determine whether growth expectations justify the current multiple. Valuation check after mixed returns
• Neutral Sentiment: Company strategy update: Coinbase has publicly outlined aggressive 2026 priorities to broaden beyond trading into payments, equities and on‑chain tooling — a positive long-term play but execution- and timing‑dependent. Top priorities for 2026
• Negative Sentiment: Argentina fiat operations paused: Coinbase is halting ARS↔USDC rails and local fiat on-/off‑ramps, requiring users to close peso-USDC positions by month-end. That reduces local revenue opportunity and highlights regional compliance/operational friction risks. Coinbase blocks USDC services in Argentina
• Negative Sentiment: Regulatory headwinds persist: coverage notes ongoing regulatory roadblocks (e.g., CLARITY Act delays and other jurisdictional challenges) that could limit product rollouts or create compliance costs. Those risks keep investor caution elevated. Regulatory roadblocks but strong 2026 hopes
• Negative Sentiment: Technical and crypto-market pressure: analysts point to a “death cross” (shorter moving average crossing below longer-term average) and bitcoin’s recent pullback erasing 2025 gains — both drive selling pressure on COIN due to high beta correlation with crypto prices. Chart flashes death cross; is COIN a buy?
• Negative Sentiment: Security and long-term risk highlight: Coinbase flagged a quantum‑computing risk vector (exposed public keys onchain) that industry groups and large holders are starting to acknowledge — a nascent but reputational/operational risk to monitor. Quantum computing threat warning

Coinbase Global Trading Down 1.7%

Shares of Coinbase Global stock opened at $250.56 on Wednesday. The stock has a market capitalization of $67.56 billion, a P/E ratio of 21.67 and a beta of 3.70. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $444.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The stock’s 50-day simple moving average is $269.13 and its 200 day simple moving average is $316.85.

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

Analysts Set New Price Targets

A number of analysts recently commented on COIN shares. BTIG Research reaffirmed a “buy” rating and set a $420.00 price target on shares of Coinbase Global in a research report on Thursday, December 18th. Wall Street Zen lowered Coinbase Global from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Rothschild & Co Redburn cut their price target on shares of Coinbase Global from $417.00 to $404.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Monness Crespi & Hardt upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Monday, November 10th. Finally, B. Riley raised their price objective on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $377.84.

Insider Activity at Coinbase Global

In other news, COO Emilie Choi sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was 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 $58,383,885.76. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 798,179 shares of company stock worth $238,493,645. Corporate insiders own 16.56% of the company’s stock.

About Coinbase Global

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.