PBU The Pension Fund of Early Childhood & Youth Educators Makes New $3.73 Million Investment in Coinbase Global, Inc. $COIN

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,484 shares of the cryptocurrency exchange’s stock, valued at approximately $3,728,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings 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 worth $5,970,285,000 after acquiring an additional 184,043 shares during the period. Geode Capital Management LLC boosted its holdings in Coinbase Global by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after acquiring an additional 189,080 shares during the period. Norges Bank purchased a new position in Coinbase Global in the 4th quarter worth approximately $656,744,000. Northern Trust Corp boosted its stake in shares of Coinbase Global by 5.9% during 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. Finally, Legal & General Group Plc boosted its stake in shares of Coinbase Global by 1.4% during the 4th quarter. Legal & General Group Plc now owns 1,210,082 shares of the cryptocurrency exchange’s stock valued at $273,648,000 after buying an additional 16,298 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

COIN stock opened at $152.40 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. The firm has a market cap of $40.15 billion, a P/E ratio of 57.29, a P/E/G ratio of 5.28 and a beta of 3.32. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The stock’s 50 day simple moving average is $186.06 and its 200 day simple moving average is $207.59.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s revenue was down 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, equities research analysts predict that Coinbase Global, Inc. will post 1.77 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on COIN. HC Wainwright reduced their target price on Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Benchmark reduced their target price on Coinbase Global from $267.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded Coinbase Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Bank of America reduced their target price on Coinbase Global from $288.00 to $234.00 in a research note on Thursday, April 2nd. Finally, President Capital increased their target price on Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global currently has an average rating of “Hold” and an average target price of $250.23.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares of the company’s stock, valued at approximately $75,440,200. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the sale, the insider directly owned 84,753 shares in the company, valued at approximately $14,991,110.64. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 38,546 shares of company stock valued at $7,422,495. 16.66% of the stock is currently owned by insiders.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase is expanding into new products with its SpaceX pre-IPO perpetual futures launch for overseas users, a move that could open up a new, higher-margin trading category and support long-term growth. Article Title
• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, highlighting Coinbase’s push into real-world crypto utility and financial infrastructure. Article Title
• Positive Sentiment: Coinbase CEO Brian Armstrong’s comments on U.S.-China competition reinforce the company’s long-term growth narrative and pro-innovation image. Article Title
• Neutral Sentiment: Coinbase remains widely watched by investors, with high web traffic and analyst attention keeping the stock in focus, though this alone does not change fundamentals. Article Title
• Negative Sentiment: Baird lowered its price target on Coinbase to $142 and flagged weak trading volumes, implying that crypto activity may stay soft for longer than bulls hoped. Article Title
• Negative Sentiment: Bitcoin’s continued selloff and broader crypto weakness are pressuring Coinbase shares by reducing expected trading volume and investor risk appetite. Article Title
• Negative Sentiment: A Coinbase director sold 10,000 shares in a pre-arranged transaction, which can add to cautious sentiment even if it was not a discretionary sale. Article Title

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.