Pinion Investment Advisors LLC Acquires New Position in Coinbase Global, Inc. $COIN

Pinion Investment Advisors LLC bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,052 shares of the cryptocurrency exchange’s stock, valued at approximately $1,082,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after purchasing an additional 4,914,407 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after purchasing an additional 1,755,146 shares in the last quarter. Norges Bank purchased a new position in Coinbase Global during the second quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. boosted its stake in Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after purchasing an additional 504,068 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Coinbase Global by 14.6% during the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after buying an additional 145,047 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: CEO Brian Armstrong pushed the tokenization narrative — saying tokenized stocks could transform global trading. Investors see this as a potential new revenue stream (custody, trading, settlement) and a multi-year growth thesis catalyst. Coinbase CEO Brian Armstrong says tokenized stocks will transform global trading
• Positive Sentiment: Some analysts and outlets are reiterating a buy-the-dip case for COIN on easing crypto pressures and product expansion, supporting upside conviction among value buyers. Down 45% From Its Highs, This Analyst Thinks You Should Buy the Dip in Coinbase Stock
• Positive Sentiment: Investment write-ups argue Coinbase’s long-term thesis remains intact ahead of Q4 results, reinforcing buy-and-hold narratives for investors focused on product expansion and tokenization. Coinbase: Long-Term Thesis Intact Ahead Of Q4
• Neutral Sentiment: Oppenheimer trimmed its price target modestly (from $381 to $370) but kept an Outperform rating — a slight moderation of upside expectations yet still constructive. Oppenheimer lowers PT on Coinbase
• Neutral Sentiment: Bernstein cut its target (reported this week) but maintained an Outperform call, reflecting long-term optimism around tokenization despite nearer-term model adjustments. Bernstein Lowers PT on Coinbase Global (COIN) Stock
• Neutral Sentiment: Competition is rising as Robinhood expands crypto offerings while Coinbase moves into stock trading — overlapping products could pressure fees and share growth margins over time. Robinhood Takes On Coinbase as Stock and Crypto Overlap
• Negative Sentiment: Regulatory flashpoint: Coinbase has warned it may withdraw support for a major crypto market-structure bill if restrictions limit stablecoin rewards — a material risk because stablecoin rewards generated sizable revenue in 2025. Lawmaker pushback and a fracturing bipartisan coalition raise near-term legislative uncertainty. Coinbase Threatens to Abandon Crypto Bill Over Stablecoin Rewards Dispute
• Negative Sentiment: Market-flow headwinds: reports of large BTC outflows from exchange-linked wallets (including Coinbase) and macro-driven volatility could pressure trading volumes and transaction revenue in the near term. Bitcoin Price Slides as Exchanges and Insiders Offload $2.5B BTC

Analyst Ratings Changes

Several research analysts have issued reports on COIN shares. Needham & Company LLC dropped their target price on Coinbase Global from $400.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Coinbase Global in a research note on Wednesday, December 17th. They set a “buy” rating and a $340.00 price target for the company. Citigroup restated a “market outperform” rating on shares of Coinbase Global in a research report on Thursday, December 18th. Finally, Rothschild & Co Redburn cut their price target on shares of Coinbase Global from $417.00 to $404.00 and set a “buy” rating on the stock in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.18.

Insider Activity

In other news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $309.92, for a total transaction of $85,870,774.08. The disclosure for this sale is available in the SEC filing. Insiders have sold 814,554 shares of company stock valued at $239,762,837 in the last ninety days. 16.56% of the stock is currently owned by company insiders.

Coinbase Global Stock Up 0.9%

Shares of NASDAQ COIN opened at $242.98 on Tuesday. The company has a 50-day moving average of $261.61 and a 200 day moving average of $313.98. The stock has a market cap of $65.52 billion, a PE ratio of 21.02 and a beta of 3.70. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 55.1% compared to the same quarter last year. As a group, sell-side analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

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.