WealthPlan Investment Management LLC Acquires New Shares in Coinbase Global, Inc. $COIN

WealthPlan Investment Management LLC bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 4,563 shares of the cryptocurrency exchange’s stock, valued at approximately $1,540,000.

Other institutional investors also recently modified their holdings of the company. Cadent Capital Advisors LLC raised its stake in shares of Coinbase Global by 1.0% in the second quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange’s stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. Ameriflex Group Inc. boosted its stake in Coinbase Global by 20.0% during the second quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after buying an additional 30 shares in the last quarter. Capital Advisors Wealth Management LLC increased its holdings in Coinbase Global by 2.0% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after buying an additional 30 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of Coinbase Global by 37.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after buying an additional 32 shares in the last quarter. Finally, Pettinga Financial Advisors LLC raised its stake in shares of Coinbase Global by 2.6% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange’s stock valued at $463,000 after buying an additional 34 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on COIN shares. HC Wainwright raised shares of Coinbase Global from a “sell” rating to a “buy” rating and upped their target price for the company from $300.00 to $425.00 in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Citigroup reaffirmed a “market outperform” rating on shares of Coinbase Global in a research note on Thursday, December 18th. JPMorgan Chase & Co. lowered their price target on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Needham & Company LLC cut their price objective on Coinbase Global from $400.00 to $290.00 and set a “buy” rating for the company in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Moderate Buy” and a consensus target price of $372.51.

Coinbase Global Trading Up 1.3%

COIN stock opened at $255.86 on Thursday. The business has a fifty day moving average price of $259.25 and a 200 day moving average price of $312.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The stock has a market capitalization of $68.99 billion, a price-to-earnings ratio of 22.13 and a beta of 3.70.

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

More Coinbase Global News

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

• Positive Sentiment: Crypto rally could boost volumes — Bitcoin moved higher, which typically lifts trading volume and fee revenue for centralized exchanges like Coinbase. Bitcoin Rally
• Positive Sentiment: Product/service win: Coinbase selected by Sharps Technology to launch a Solana validator — a modest business development that signals ongoing product expansion and network services revenue potential. Sharps Technology
• Neutral Sentiment: Senate markup paused — The Senate Banking Committee pulled a scheduled markup of the market-structure bill after a dispute involving Coinbase; pause increases short-term uncertainty about regulatory timing and content. Markup Paused
• Neutral Sentiment: Insider/positioning note — A reported sale by Rep. Gilbert Ray Cisneros Jr. (reported in market feeds) can attract attention but is not definitive about company fundamentals. Insider Sale
• Negative Sentiment: Coinbase withdraws support for the Senate CLARITY/market-structure bill — CEO Brian Armstrong said the draft would be “materially worse” than the status quo; the move increases regulatory risk and political friction. Coinbase Opposes Bill
• Negative Sentiment: Withdrawal spurs industry split and clouded outlook — The public split among industry players increases lobbying and legislative uncertainty, which can depress sentiment for exchange operators. Industry Split
• Negative Sentiment: Q4 profitability concerns and analyst headwinds — Analysts expect a high double‑digit decline in Q4 profitability and some firms (e.g., Oppenheimer) have issued cautious forecasts, which can pressure the multiple. Earnings Expectations
• Negative Sentiment: Crypto slump weighed on major ETFs — ARK reported Coinbase as a top detractor in Q4, showing sensitivity of COIN to broader crypto volatility and ETF flows. ARK Detractor

Insider Activity at Coinbase Global

In other news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Grewal sold 976 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total transaction of $253,760.00. Following the sale, the insider directly owned 74,835 shares in the company, valued at $19,457,100. This trade represents a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 808,412 shares of company stock worth $237,645,711 in the last quarter. Insiders own 16.56% of the company’s stock.

Coinbase Global 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.