Nepsis Inc. Takes $11.62 Million Position in Coinbase Global, Inc. $COIN

Nepsis Inc. bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 34,426 shares of the cryptocurrency exchange’s stock, valued at approximately $11,618,000. Coinbase Global accounts for 3.7% of Nepsis Inc.’s holdings, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Evelyn Partners Investment Management Europe Ltd lifted its position in shares of Coinbase Global by 92.3% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Coinbase Global in the 2nd quarter worth $30,000. Salomon & Ludwin LLC boosted its position in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after buying an additional 88 shares during the last quarter. City State Bank acquired a new stake in shares of Coinbase Global during the second quarter valued at about $33,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Coinbase Global during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COIN. China Renaissance increased their price target on Coinbase Global from $444.60 to $479.30 in a report on Monday, November 3rd. Redburn Partners set a $417.00 target price on Coinbase Global in a research report on Friday, October 3rd. Benchmark reiterated a “buy” rating on shares of Coinbase Global in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Coinbase Global in a research report on Wednesday, December 17th. They set a “buy” rating and a $340.00 price target for the company. Finally, Erste Group Bank cut shares of Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global has an average rating of “Moderate Buy” and an average target price of $376.74.

Insider Transactions at Coinbase Global

In related news, COO Emilie Choi sold 100,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the sale, the chief operating officer owned 187,802 shares in the company, valued at $58,383,885.76. This represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 839,554 shares of company stock worth $248,795,837. 16.56% of the stock is currently owned by insiders.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $240.78 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $64.92 billion, a price-to-earnings ratio of 20.83 and a beta of 3.70. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $444.64. The business has a 50 day simple moving average of $263.36 and a 200-day simple moving average of $315.40.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. As a group, equities research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

More Coinbase Global News

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

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

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.