Coinbase Global, Inc. $COIN is WIM INVESTMENT MANAGEMENT Ltd’s 4th Largest Position

WIM INVESTMENT MANAGEMENT Ltd lifted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 1,474.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,916 shares of the cryptocurrency exchange’s stock after acquiring an additional 87,016 shares during the quarter. Coinbase Global accounts for about 8.0% of WIM INVESTMENT MANAGEMENT Ltd’s holdings, making the stock its 4th largest position. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Coinbase Global were worth $31,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after purchasing an additional 2,007,930 shares during the period. Geode Capital Management LLC raised its holdings in Coinbase Global by 46.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares during the period. Norges Bank bought a new stake in Coinbase Global during the 2nd quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. lifted its position in shares of Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after acquiring an additional 504,068 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Coinbase Global by 14.6% in the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock worth $398,374,000 after acquiring an additional 145,047 shares during the period. Institutional investors own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COIN. Piper Sandler decreased their price objective on Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Rosenblatt Securities decreased their price target on Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Benchmark cut their price objective on shares of Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $278.54.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 364,600 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $273.86, for a total value of $10,954,400.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 513,775 shares of company stock valued at $95,046,092 over the last 90 days. 16.56% of the stock is owned by insiders.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase officially rolled out 24/5 commission‑free U.S. stock and ETF trading (8,000+ securities, fractional shares, instant USD/USDC funding). This broadens Coinbase’s addressable market beyond crypto, supports cross‑selling, and advances its “Everything Exchange” strategy — a clear driver of renewed investor optimism. Read More.
• Positive Sentiment: Bitcoin strength and short‑term breakouts have lifted trading activity; several outlets tie a fresh BTC leg higher to gains in COIN as institutional flows appear to be absorbing retail panic, boosting on‑platform volumes. Higher crypto volumes typically lift Coinbase’s revenue. Read More.
• Neutral Sentiment: Industry momentum: Coinbase, Kraken and Binance are accelerating tokenization and “superapp” initiatives (payments, trading, tokenized derivatives). Strategically important for long‑term growth but monetization timing and regulatory treatment remain uncertain. Read More.
• Neutral Sentiment: Coinbase frames the 24/5 equities push partially as a technology/AI play (so‑called agentic AI for execution/market‑making). If successful, AI could improve margins and product stickiness; execution and regulatory scrutiny will determine near‑term impact. Read More.
• Negative Sentiment: Analyst pressure: China Renaissance cut COIN’s price target to $223.20, signaling lingering skepticism about valuation and near‑term earnings visibility — a potential cap on upside despite product progress. Read More.
• Negative Sentiment: Crypto downside risk: Coinbase’s own BTC analysis warns that a drop toward ~$60k could accelerate selling (negative gamma), which would likely compress trading volumes and adversely affect fee revenue. That macro/price sensitivity remains a key risk for COIN. Read More.

Coinbase Global Trading Up 13.5%

Shares of COIN opened at $183.94 on Thursday. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a market capitalization of $48.57 billion, a P/E ratio of 41.90, a P/E/G ratio of 2.33 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm’s 50 day simple moving average is $209.04 and its 200 day simple moving average is $275.30.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.Coinbase Global’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 EPS. Sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

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.