IFM Investors Pty Ltd Increases Position in Coinbase Global, Inc. $COIN

IFM Investors Pty Ltd increased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,269 shares of the cryptocurrency exchange’s stock after purchasing an additional 3,332 shares during the quarter. IFM Investors Pty Ltd’s holdings in Coinbase Global were worth $7,381,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Coinbase Global during the fourth quarter valued at approximately $656,744,000. Capital World Investors boosted its position in shares of Coinbase Global by 847.2% in the 4th quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock worth $347,472,000 after purchasing an additional 1,374,318 shares in the last quarter. Ruffer LLP acquired a new stake in shares of Coinbase Global in the 4th quarter worth $166,515,000. Janus Henderson Group PLC boosted its position in shares of Coinbase Global by 2,597.8% in the 4th quarter. Janus Henderson Group PLC now owns 549,304 shares of the cryptocurrency exchange’s stock worth $124,221,000 after purchasing an additional 528,943 shares in the last quarter. Finally, Cria Inc. purchased a new position in Coinbase Global during the 4th quarter worth $111,184,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase is part of the newly launched Global Stablecoin Initiative/Open USD effort alongside Visa, Mastercard, and BNY, which could expand its role in mainstream digital payments and stablecoin infrastructure. Article Title
• Positive Sentiment: Crypto-linked stocks, including Coinbase, are participating in a broader bounce across the sector, helping sentiment after weakness in recent weeks. Article Title
• Neutral Sentiment: Coinbase Ventures was named as a backer of Venice AI’s new funding round, reinforcing Coinbase’s ongoing exposure to venture investing themes, though the direct stock impact appears limited. Article Title
• Neutral Sentiment: Coinbase CEO Brian Armstrong made headlines with comments on U.S. debt, fiscal safeguards, and AI/cybersecurity, but these were mostly policy and opinion pieces rather than direct business updates. Article Title
• Negative Sentiment: One analysis argued Coinbase is “further losing its grip,” reflecting concern that competitive pressure and shifting stablecoin economics could weigh on long-term growth. Article Title
• Negative Sentiment: Another report noted the Coinbase Premium has stayed negative, a sign that U.S. Bitcoin demand remains softer than on global venues and may temper trading enthusiasm. Article Title

Coinbase Global Trading Up 3.9%

Coinbase Global stock opened at $165.48 on Friday. The stock has a 50-day moving average price of $177.92 and a 200 day moving average price of $193.03. The company has a market capitalization of $43.60 billion, a price-to-earnings ratio of 62.21, a price-to-earnings-growth ratio of 5.62 and a beta of 3.35. Coinbase Global, Inc. has a 52 week low of $139.18 and a 52 week high of $444.64. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44.

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

Insiders Place Their Bets

In related news, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider directly owned 517 shares in the company, valued at $97,718.17. The trade was a 92.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $158.15, for a total transaction of $324,365.65. 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 30,647 shares of company stock worth $5,740,941. 16.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on COIN. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Coinbase Global in a research note on Wednesday, June 17th. Zacks Research raised Coinbase Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Wedbush set a $224.00 price target on Coinbase Global in a research note on Friday, May 8th. The Goldman Sachs Group upped their price objective on shares of Coinbase Global from $226.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $208.00 price objective on shares of Coinbase Global in a research report on Wednesday, June 17th. Eighteen analysts have rated the stock with a Buy rating, twelve have given 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 an average target price of $250.65.

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.