Allen Investment Management LLC Decreases Position in Coinbase Global, Inc. $COIN

Allen Investment Management LLC trimmed its position in Coinbase Global, Inc. (NASDAQ:COIN) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,921 shares of the cryptocurrency exchange’s stock after selling 68,437 shares during the period. Allen Investment Management LLC’s holdings in Coinbase Global were worth $33,903,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $1,626,000. Mizuho Markets Cayman LP acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $33,921,000. Harvest Portfolios Group Inc. increased its holdings in shares of Coinbase Global by 21.7% in the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after purchasing an additional 67,082 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in Coinbase Global by 303.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock worth $4,594,000 after buying an additional 15,282 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coinbase Global

In related news, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the completion of the transaction, the insider directly owned 84,753 shares of the company’s stock, valued at $14,991,110.64. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the sale, the chief financial officer owned 397,171 shares in the company, valued at approximately $79,434,200. This trade represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 38,566 shares of company stock worth $7,611,095. Company insiders own 16.66% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase expanded its international footprint by launching direct INR deposits and withdrawals in India, giving users access to spot and futures trading through local bank rails after securing regulatory approval. Coinbase launches rupee bank rails in India after FIU nod
• Positive Sentiment: The company’s push into India could support long-term user growth by making it easier for Indian retail traders to fund accounts and trade crypto on Coinbase’s platform. Jamie Dimon calls Coinbase CEO ‘full of s–t,’ vows to fight crypto-friendly bill in Congress
• Neutral Sentiment: Virtune completed a monthly rebalancing of its Coinbase-linked index ETP, a routine product update that does not appear to be a major direct catalyst for shares. Virtune AB (Publ) has completed the rebalancing for May 2026 of its Virtune Coinbase 50 Index ETP
• Neutral Sentiment: Industry commentary highlighted that Coinbase remains a key crypto-market proxy, with sentiment tied to bitcoin and broader digital-asset moves, but this was mostly explanatory rather than company-specific news. Strategy Slides 6%, Coinbase Drops 5% as Saylor’s First Bitcoin Sale in Nearly 4 Years Triggers Crypto Selloff
• Negative Sentiment: B. Riley cut its price target on Coinbase to $203 from $243 and kept a neutral rating, signaling more cautious expectations for the stock’s upside. B. Riley cuts price target on Coinbase Global to $203 from $243, keeps neutral rating
• Negative Sentiment: Coinbase also faced pressure from a broad crypto selloff, with investors focusing on its June 1 convertible-note maturity and the possibility of a cash outflow to retire the notes if conversion conditions were not met. Coinbase slides as crypto prices weaken and investors focus on June 1 convertible-note maturity

Coinbase Global Stock Performance

Shares of Coinbase Global stock opened at $182.61 on Tuesday. The stock has a market capitalization of $48.11 billion, a price-to-earnings ratio of 68.65, a price-to-earnings-growth ratio of 6.67 and a beta of 3.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14. The business has a 50-day moving average of $188.19 and a 200 day moving average of $210.58. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business posted $0.24 EPS. The company’s revenue for the quarter was down 30.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Coinbase Global, Inc. will post 1.74 earnings per share for the current year.

Analysts Set New Price Targets

COIN has been the subject of several recent analyst reports. Needham & Company LLC cut their price objective on shares of Coinbase Global from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Bank of America decreased their target price on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $240.00 price objective on shares of Coinbase Global in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft cut their target price on Coinbase Global from $206.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, President Capital upped their price target on Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. 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. According to data from MarketBeat.com, Coinbase Global has an average rating of “Hold” and an average price target of $250.81.

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.