Amova Asset Management Americas Inc. Cuts Holdings in Coinbase Global, Inc. $COIN

Amova Asset Management Americas Inc. cut its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 18.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,708,011 shares of the cryptocurrency exchange’s stock after selling 388,652 shares during the quarter. Coinbase Global accounts for about 5.6% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 3rd biggest holding. Amova Asset Management Americas Inc.’s holdings in Coinbase Global were worth $576,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Wealth Management LLC boosted its position in Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock worth $523,000 after acquiring an additional 30 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Coinbase Global by 37.6% in the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock worth $39,000 after purchasing an additional 32 shares in the last quarter. West Family Investments Inc. boosted its holdings in Coinbase Global by 3.3% during the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after purchasing an additional 33 shares during the last quarter. StoneX Group Inc. boosted its holdings in Coinbase Global by 1.8% during the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock worth $690,000 after purchasing an additional 34 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC grew its position in Coinbase Global by 3.4% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock valued at $351,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on COIN shares. Canaccord Genuity Group cut their price target on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Erste Group Bank downgraded Coinbase Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 20th. Monness Crespi & Hardt cut Coinbase Global from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. Robert W. Baird set a $165.00 price target on Coinbase Global in a research note on Friday, February 13th. Finally, Citigroup lowered their price target on Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $270.67.

More Coinbase Global News

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

• Positive Sentiment: White House/Policy support — Reports say CEO Brian Armstrong met privately with President Trump and Trump publicly backed a crypto market‑structure/stablecoin bill that could enable yield-bearing stablecoins and loosen bank resistance; this is the principal regulatory catalyst lifting COIN shares. Why Coinbase (COIN) Stock Is Trading Up Today
• Positive Sentiment: Crypto market tailwind — A sharp Bitcoin advance boosted exchange volumes and sentiment across crypto equities, providing an immediate revenue outlook lift for trading-dependent Coinbase. Coinbase Global Shares Surge 15% as Bitcoin Rally and Regulatory Optimism Fuel Crypto Stock Gains
• Positive Sentiment: Institutional/whale support — Cathie Wood’s ARK funds purchased millions of dollars of COIN shares, signaling conviction from active thematic managers and providing buying support during recent weakness. Cathie Wood’s Ark loads up on Coinbase, Robinhood as stocks slide on Iran conflict
• Positive Sentiment: Product/strategy diversification — Coinbase launched U.S. stock trading within its platform and is pushing staking, custody and USDC revenue paths to reduce reliance on spot trading. These moves improve long‑term revenue mix if adoption follows. Coinbase Launches U.S. Stock Trading Within Its Platform
• Neutral Sentiment: Regulatory scrutiny abroad — UK lawmakers pressed Coinbase on stablecoins, KYC and systemic risks; useful context for regulatory risk exposure but not an immediate U.S. catalyst. UK House of Lords press Coinbase exec on stablecoins, KYC and bank run fears
• Neutral Sentiment: Product pivot note — Management conceded the Base App SocialFi push underperformed and refocused on trading/self‑custody; signals prudent course correction but flags execution risk on consumer initiatives. Coinbase CEO Says Base App SocialFi Push Fell Short
• Negative Sentiment: Litigation risk — A Bloomberg Law story reports a suit targeting Coinbase executives over an alleged costly nondisclosure fallout; litigation headlines increase legal uncertainty and could pressure sentiment if material damages or governance issues emerge. Coinbase Brass Sued Over Costly Fallout Blamed on Nondisclosure
• Negative Sentiment: Banking industry pushback — JPMorgan’s Jamie Dimon publicly criticized crypto firms on stablecoin yield, underscoring powerful incumbent opposition that could shape legislative/regulatory outcomes and keep policy risk elevated. Jamie Dimon Fires Back At Coinbase: ‘If You Want To Be A Bank, Be A Bank’

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $208.93 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $55.17 billion, a P/E ratio of 47.59, a P/E/G ratio of 2.62 and a beta of 3.70. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The stock has a 50 day moving average of $203.43 and a 200-day moving average of $270.56.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $4.68 EPS. The firm’s revenue was down 21.6% on a year-over-year basis. As a group, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Activity

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This represents a 47.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total transaction of $715,247.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 509,650 shares of company stock valued at $93,915,594 over the last ninety days. 16.56% of the stock is currently owned by company 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.