Coinbase Global, Inc. $COIN Shares Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC increased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 1,121.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,476 shares of the cryptocurrency exchange’s stock after purchasing an additional 8,700 shares during the period. Fielder Capital Group LLC’s holdings in Coinbase Global were worth $2,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of COIN. Norges Bank acquired a new position in Coinbase Global in the fourth quarter worth about $656,744,000. Vanguard Group Inc. grew its stake in Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares in the last quarter. Ruffer LLP acquired a new position in Coinbase Global in the fourth quarter valued at approximately $166,515,000. Artisan Partners Limited Partnership acquired a new position in Coinbase Global in the third quarter valued at approximately $224,663,000. Finally, Anatole Investment Management Ltd acquired a new position in Coinbase Global in the second quarter valued at approximately $98,698,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total transaction of $346,684.80. Following the sale, the insider owned 84,753 shares of the company’s stock, valued at $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the business’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 value of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares in the company, valued at approximately $75,440,200. The trade was a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,566 shares of company stock valued at $7,611,095 over the last quarter. Corporate insiders own 16.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on COIN shares. Jefferies Financial Group lifted their target price on Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their target price on Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Sanford C. Bernstein decreased their target price on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Mizuho lifted their target price on Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $250.81.

View Our Latest Stock Analysis on COIN

Trending Headlines about Coinbase Global

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Coinbase Global Stock Performance

COIN opened at $182.61 on Tuesday. The business’s 50 day moving average is $188.19 and its 200-day moving average is $210.58. The stock has a market cap of $48.11 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 6.67 and a beta of 3.32. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64.

Coinbase Global (NASDAQ:COINGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s quarterly revenue was down 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. On average, analysts predict that Coinbase Global, Inc. will post 1.74 earnings per share for the current year.

About Coinbase Global

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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