Coinbase Global, Inc. $COIN Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,070 shares of the cryptocurrency exchange’s stock after selling 3,507 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Coinbase Global were worth $16,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COIN. Earned Wealth Advisors LLC raised its holdings in Coinbase Global by 13.5% in the third quarter. Earned Wealth Advisors LLC now owns 766 shares of the cryptocurrency exchange’s stock valued at $259,000 after acquiring an additional 91 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Coinbase Global by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,820 shares of the cryptocurrency exchange’s stock worth $28,626,000 after purchasing an additional 389 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of Coinbase Global in the 3rd quarter valued at about $337,000. Fifth Third Wealth Advisors LLC raised its stake in shares of Coinbase Global by 19.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,805 shares of the cryptocurrency exchange’s stock valued at $609,000 after purchasing an additional 289 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new position in shares of Coinbase Global during the third quarter worth about $317,000. Institutional investors own 68.84% of the company’s stock.

Analysts Set New Price Targets

COIN has been the subject of several research analyst reports. B. Riley boosted their price objective on Coinbase Global from $185.00 to $243.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $384.00 price objective on shares of Coinbase Global in a report on Wednesday, October 29th. Finally, President Capital increased their target price on shares of Coinbase Global from $401.00 to $472.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.74.

Coinbase Global Stock Down 2.0%

Coinbase Global stock opened at $240.78 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current 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 has a 50-day simple moving average of $263.36 and a 200-day simple moving average of $315.40. The firm has a market capitalization of $64.92 billion, a P/E ratio of 20.83 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $0.28 EPS. Coinbase Global’s revenue was up 55.1% on a year-over-year basis. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

Insider Buying and Selling

In related news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $309.92, for a total value of $85,870,774.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $271.87, for a total value of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Insiders sold 839,554 shares of company stock valued at $248,795,837 in the last three months. 16.56% of the stock is currently owned by corporate insiders.

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.