BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in Coinbase Global, Inc. $COIN

BI Asset Management Fondsmaeglerselskab A S increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 96.0% during the 4th quarter, HoldingsChannel reports. The firm owned 46,583 shares of the cryptocurrency exchange’s stock after buying an additional 22,817 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Coinbase Global were worth $10,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinebridge Investments LLC purchased a new stake in Coinbase Global in the fourth quarter worth approximately $3,561,000. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Coinbase Global in the fourth quarter worth approximately $3,728,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Coinbase Global by 3.6% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,480 shares of the cryptocurrency exchange’s stock worth $7,119,000 after purchasing an additional 1,080 shares during the last quarter. EULAV Asset Management boosted its holdings in Coinbase Global by 31.5% in the fourth quarter. EULAV Asset Management now owns 117,000 shares of the cryptocurrency exchange’s stock worth $26,458,000 after purchasing an additional 28,000 shares during the last quarter. Finally, Prudential PLC boosted its holdings in Coinbase Global by 38.0% in the fourth quarter. Prudential PLC now owns 13,506 shares of the cryptocurrency exchange’s stock worth $3,054,000 after purchasing an additional 3,720 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Down 7.1%

Shares of Coinbase Global stock opened at $152.40 on Friday. The company’s fifty day simple moving average is $186.06 and its 200-day simple moving average is $207.59. The stock has a market capitalization of $40.15 billion, a PE ratio of 57.29, a P/E/G ratio of 5.28 and a beta of 3.32. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company’s revenue was down 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. As a group, equities analysts anticipate that Coinbase Global, Inc. will post 1.77 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other news, insider Paul Grewal sold 1,960 shares of Coinbase Global stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of Coinbase Global stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the transaction, the insider owned 517 shares in the company, valued at approximately $97,718.17. This trade represents a 92.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 38,546 shares of company stock worth $7,422,495. 16.66% of the stock is owned by insiders.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase is expanding into new products with its SpaceX pre-IPO perpetual futures launch for overseas users, a move that could open up a new, higher-margin trading category and support long-term growth. Article Title
• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, highlighting Coinbase’s push into real-world crypto utility and financial infrastructure. Article Title
• Positive Sentiment: Coinbase CEO Brian Armstrong’s comments on U.S.-China competition reinforce the company’s long-term growth narrative and pro-innovation image. Article Title
• Neutral Sentiment: Coinbase remains widely watched by investors, with high web traffic and analyst attention keeping the stock in focus, though this alone does not change fundamentals. Article Title
• Negative Sentiment: Baird lowered its price target on Coinbase to $142 and flagged weak trading volumes, implying that crypto activity may stay soft for longer than bulls hoped. Article Title
• Negative Sentiment: Bitcoin’s continued selloff and broader crypto weakness are pressuring Coinbase shares by reducing expected trading volume and investor risk appetite. Article Title
• Negative Sentiment: A Coinbase director sold 10,000 shares in a pre-arranged transaction, which can add to cautious sentiment even if it was not a discretionary sale. Article Title

Analysts Set New Price Targets

COIN has been the topic of several research reports. Canaccord Genuity Group dropped their target price on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Bank of America dropped their target price on shares of Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Compass Point restated a “sell” rating on shares of Coinbase Global in a report on Monday, June 1st. Sanford C. Bernstein dropped their target price on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Finally, BTIG Research dropped their target price on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus target price of $250.23.

About Coinbase Global

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.