FengHe Fund Management Pte. Ltd. Has $23.59 Million Stake in Coinbase Global, Inc. $COIN

FengHe Fund Management Pte. Ltd. grew its position in Coinbase Global, Inc. (NASDAQ:COIN) by 119.1% during the third quarter, HoldingsChannel reports. The firm owned 69,900 shares of the cryptocurrency exchange’s stock after buying an additional 38,000 shares during the period. Coinbase Global comprises approximately 2.2% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 19th largest holding. FengHe Fund Management Pte. Ltd.’s holdings in Coinbase Global were worth $23,591,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd lifted its holdings in Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after buying an additional 36 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Coinbase Global during the second quarter worth approximately $30,000. Salomon & Ludwin LLC lifted its stake in Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares during the period. City State Bank acquired a new stake in shares of Coinbase Global during the 2nd quarter worth approximately $33,000. Finally, Financial Gravity Companies Inc. bought a new position in Coinbase Global during the second quarter worth $34,000. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

COIN has been the subject of several research reports. Argus restated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. 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. Deutsche Bank Aktiengesellschaft started coverage on Coinbase Global in a research report on Wednesday, December 17th. They set a “buy” rating and a $340.00 target price on the stock. Rothschild & Co Redburn reduced their price target on shares of Coinbase Global from $417.00 to $404.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, President Capital boosted their price target on shares of Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Coinbase Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.74.

Coinbase Global News Summary

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.

Coinbase Global Trading Down 2.0%

NASDAQ COIN opened at $240.78 on Friday. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $64.92 billion, a P/E ratio of 20.83 and a beta of 3.70. The business has a fifty day simple moving average of $263.36 and a 200 day simple moving average of $315.40.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue was up 55.1% on a year-over-year basis. On average, analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, November 17th. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00. The sale was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $309.92, for a total value of $85,870,774.08. The SEC filing for this sale provides additional information. Insiders have sold a total of 839,554 shares of company stock valued at $248,795,837 in the last 90 days. 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.