TD Asset Management Inc Decreases Stock Holdings in Coinbase Global, Inc. $COIN

TD Asset Management Inc lessened its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,958 shares of the cryptocurrency exchange’s stock after selling 5,084 shares during the quarter. TD Asset Management Inc’s holdings in Coinbase Global were worth $29,615,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COIN. Integrated Wealth Concepts LLC lifted its holdings in Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after acquiring an additional 413 shares during the last quarter. Empowered Funds LLC lifted its holdings in Coinbase Global by 25.8% in the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after acquiring an additional 1,761 shares during the last quarter. Focus Partners Wealth lifted its holdings in Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after acquiring an additional 467 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Coinbase Global in the second quarter valued at approximately $285,000. Finally, Cerity Partners LLC lifted its holdings in Coinbase Global by 8.6% in the second quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock valued at $6,203,000 after acquiring an additional 1,402 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In other Coinbase Global news, 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 owned 377,201 shares of the company’s stock, valued at $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the business’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 completion of the sale, the insider directly owned 84,753 shares in the company, valued at approximately $14,991,110.64. The trade was a 2.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,546 shares of company stock worth $7,422,495 in the last ninety days. 16.66% of the stock is owned by company insiders.

Trending Headlines about Coinbase Global

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

Coinbase Global Stock Down 7.1%

Shares of NASDAQ COIN opened at $152.40 on Friday. The firm has a market cap of $40.15 billion, a price-to-earnings ratio of 57.29, a PEG ratio of 5.28 and a beta of 3.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. The business’s 50 day moving average is $186.06 and its two-hundred day moving average is $207.59.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Research analysts predict that Coinbase Global, Inc. will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on COIN. Mizuho upped their price objective on Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Robert W. Baird decreased their price objective on Coinbase Global from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Friday. The Goldman Sachs Group upped their price objective on Coinbase Global from $226.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Barclays decreased their price objective on Coinbase Global from $140.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. Finally, Benchmark cut their target price 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. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $250.23.

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.