ProShare Advisors LLC Has $11.11 Million Stock Holdings in Coinbase Global, Inc. $COIN

ProShare Advisors LLC boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,141 shares of the cryptocurrency exchange’s stock after buying an additional 3,015 shares during the quarter. ProShare Advisors LLC’s holdings in Coinbase Global were worth $11,113,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Coinbase Global by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock valued at $5,970,285,000 after buying an additional 184,043 shares during the last quarter. Northern Trust Corp raised its position in Coinbase Global by 5.9% in the 3rd quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock valued at $661,437,000 after buying an additional 108,751 shares during the last quarter. Legal & General Group Plc raised its position in Coinbase Global by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 1,193,784 shares of the cryptocurrency exchange’s stock valued at $402,890,000 after buying an additional 57,164 shares during the last quarter. Baillie Gifford & Co. raised its position in Coinbase Global by 41.1% in the 4th quarter. Baillie Gifford & Co. now owns 829,081 shares of the cryptocurrency exchange’s stock valued at $187,488,000 after buying an additional 241,659 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Coinbase Global by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 783,273 shares of the cryptocurrency exchange’s stock valued at $264,320,000 after buying an additional 8,636 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $193.56 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The stock has a 50 day moving average of $190.76 and a 200-day moving average of $216.96. The company has a market capitalization of $51.00 billion, a P/E ratio of 72.77, a P/E/G ratio of 6.97 and a beta of 3.38.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.06% and a net margin of 12.20%.The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue was down 30.5% compared to the same quarter last year. As a group, equities research analysts predict that Coinbase Global, Inc. will post 1.75 EPS for the current year.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer directly owned 397,171 shares in the company, valued at approximately $79,434,200. The trade was a 2.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 29,990 shares of company stock worth $6,013,920. Insiders own 16.66% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase said it will launch perpetual-style equity index futures in June, another step in broadening its derivatives lineup and potentially adding a new source of trading revenue. Coinbase to launch perpetual-style equity index futures in June
• Positive Sentiment: The Federal Reserve is reportedly proposing limited master accounts for crypto firms, which could improve Coinbase’s long-term access to payment rails and strengthen the industry’s regulatory footing. Federal Reserve Proposes Limited Master Accounts For Crypto Firms
• Positive Sentiment: Coinbase CEO Brian Armstrong said AI is handling most compliance work and has cut account-restriction resolution times by 90%, a sign of better efficiency and lower operating friction. Coinbase CEO Brian Armstrong Says AI Is Doing ‘Most Of The Heavy Lifting’ In Compliance As Resolution Times Improve By 90%
• Positive Sentiment: Coinbase is expanding its stablecoin infrastructure business through Flipcash’s USDF launch on Solana, supporting its strategy to become a broader crypto-financial platform beyond spot trading. Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch
• Neutral Sentiment: Coinbase-linked policy efforts got a boost as Fairshake and affiliated crypto PACs won several U.S. state primaries, which could help the industry’s political influence later, but the impact on near-term earnings is indirect. Fairshake PAC’s $20M backing pays off in three US state primaries
• Neutral Sentiment: Several articles noted broader crypto market weakness, negative Coinbase Premium readings, and Bitcoin outflows, which can weigh on COIN because trading activity is tied to crypto prices and volumes. Coinbase CEO Brian Armstrong Says AI Is Doing ‘Most Of The Heavy Lifting’ In Compliance As Resolution Times Improve By 90%
• Negative Sentiment: One report highlighted ongoing tech layoffs, including at Coinbase, reinforcing concerns about cost-cutting and a tougher operating backdrop in the sector. Grads Get Rude Welcome from Job Market Battered by AI-Fueled Tech Layoffs

Analyst Upgrades and Downgrades

COIN has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their target price on Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. President Capital boosted their price target on Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Benchmark lowered their price target on Coinbase Global from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Needham & Company LLC lowered their price target on Coinbase Global from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Mizuho boosted their price target on Coinbase Global from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $252.20.

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.