Blackhawk Capital Partners LLC Raises Stake in Coinbase Global, Inc. $COIN

Blackhawk Capital Partners LLC lifted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 79.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,737 shares of the cryptocurrency exchange’s stock after acquiring an additional 3,863 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in Coinbase Global were worth $1,526,000 as of its most recent SEC filing.

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

Coinbase Global Stock Up 3.5%

COIN stock opened at $167.21 on Thursday. The company has a market cap of $44.05 billion, a price-to-earnings ratio of 62.86, a PEG ratio of 8.40 and a beta of 3.35. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 12 month low of $139.18 and a 12 month high of $444.64. The firm has a 50-day moving average of $171.94 and a two-hundred day moving average of $187.82.

Coinbase Global (NASDAQ:COIN) last issued its 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates 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 for the quarter was down 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, analysts forecast that Coinbase Global, Inc. will post 1.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on COIN shares. Mizuho boosted their price objective on Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. BTIG Research cut their price target on shares of Coinbase Global from $280.00 to $260.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group upped their price objective on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. HC Wainwright dropped their target price on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $245.88.

Coinbase Global News Summary

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

• Positive Sentiment: Bitcoin climbed back above $65,000, boosting sentiment for crypto-linked stocks and raising hopes for stronger trading volumes on Coinbase. Bitcoin Clawed Its Way Back Over $65,000. Here’s Why—and What to Know Now
• Positive Sentiment: William Blair said Coinbase is well positioned for a crypto recovery and reiterated a bullish view, suggesting the market may be underestimating the company’s market share and diversified revenue streams. Analyst Sees Coinbase Well‑Positioned for Crypto Recovery, Initiates Buy on Growing Market Share and Diversified Revenue Streams
• Positive Sentiment: Coinbase and Circle gained attention after analysts argued many near-term risks are already reflected in valuations and that both could benefit if Bitcoin keeps recovering. Coinbase, Circle stocks climb as analysts see Bitcoin-linked upside
• Positive Sentiment: Coinbase announced it will report second-quarter 2026 results on July 30, which keeps investors focused on the next earnings catalyst. Coinbase Announces Date of Second Quarter 2026 Financial Results
• Neutral Sentiment: Reports that Coinbase’s AI now writes most of its code may support efficiency and margins over time, but the near-term stock impact is unclear. Over 95% of Coinbase’s code is now written with AI
• Neutral Sentiment: Coinbase’s role as custodian for roughly $288 million of seized crypto has drawn speculation about possible asset sales, but there is no confirmation of an imminent liquidation. US Transfer of Seized Crypto Raises Questions About Potential Asset Sales
• Negative Sentiment: JPMorgan cut its outlook on Coinbase, warning that the Hyperliquid partnership and rising competition could pressure stablecoin-related revenue. JPMorgan Cuts Coinbase Target to $196, Warns on Circle Stablecoin Pressure
• Negative Sentiment: Additional coverage said JPMorgan trimmed earnings estimates for Coinbase, citing weaker stablecoin economics and near-term competitive pressure. JPMorgan cuts estimates for Circle and Coinbase on Hyperliquid pressure

Insider Buying and Selling

In other news, Director Frederick R. Wilson sold 10,000 shares of Coinbase Global stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the sale, the director owned 30,000 shares of the company’s stock, valued at approximately $5,446,200. The trade was a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the sale, the insider directly owned 84,753 shares of the company’s stock, valued at approximately $14,991,110.64. This trade represents a 2.26% 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. Insiders have sold 30,627 shares of company stock worth $5,327,841 in the last quarter. 16.66% of the stock is currently owned by insiders.

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.