Coinbase Global, Inc. $COIN is ARK Investment Management LLC’s 2nd Largest Position

ARK Investment Management LLC lowered its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,395,540 shares of the cryptocurrency exchange’s stock after selling 227,610 shares during the period. Coinbase Global makes up about 4.8% of ARK Investment Management LLC’s investment portfolio, making the stock its 2nd largest position. ARK Investment Management LLC’s holdings in Coinbase Global were worth $808,471,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Coinbase Global by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares during the last quarter. Norges Bank purchased a new position in Coinbase Global in the 2nd quarter valued at $1,044,354,000. Geode Capital Management LLC increased its stake in Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after buying an additional 1,755,146 shares during the period. Artisan Partners Limited Partnership purchased a new position in Coinbase Global during the 3rd quarter worth $224,663,000. Finally, Baillie Gifford & Co. acquired a new stake in shares of Coinbase Global in the 3rd quarter worth $198,249,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on COIN shares. Piper Sandler cut their price target on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Mizuho reduced their target price on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Argus reissued a “hold” rating on shares of Coinbase Global in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft set a $250.00 target price on Coinbase Global in a research report on Friday, February 13th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $440.00 price objective on shares of Coinbase Global in a research note on Tuesday, January 6th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Coinbase Global currently has an average rating of “Hold” and a consensus target price of $270.67.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total transaction of $715,247.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $273.86, for a total value of $10,954,400.00. The SEC filing for this sale provides additional information. Insiders sold 509,650 shares of company stock worth $93,915,594 in the last 90 days. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Stock Performance

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

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

Key Headlines Impacting Coinbase Global

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 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.