Handelsbanken Fonder AB Has $9.19 Million Position in Coinbase Global, Inc. $COIN

Handelsbanken Fonder AB lowered its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 19.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,848 shares of the cryptocurrency exchange’s stock after selling 15,655 shares during the period. Handelsbanken Fonder AB’s holdings in Coinbase Global were worth $9,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of COIN. MV Capital Management Inc. acquired a new position in Coinbase Global during the fourth quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in Coinbase Global during the 3rd quarter worth about $29,000. Osbon Capital Management LLC acquired a new stake in Coinbase Global during the 4th quarter worth about $30,000. Glen Eagle Advisors LLC grew its stake in Coinbase Global by 101.1% during the 1st quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. Finally, Archer Investment Corp grew its stake in Coinbase Global by 546.4% during the 1st quarter. Archer Investment Corp now owns 181 shares of the cryptocurrency exchange’s stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COIN. Weiss Ratings lowered shares of Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $208.00 price target on shares of Coinbase Global in a report on Wednesday, June 17th. Cantor Fitzgerald reduced their price objective on Coinbase Global from $250.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Piper Sandler dropped their target price on Coinbase Global from $155.00 to $146.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Coinbase Global in a research note on Wednesday, June 17th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $215.11.

Insider Buying and Selling

In other Coinbase Global news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the transaction, the insider owned 517 shares in the company, valued at $97,718.17. This trade represents a 92.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $158.15, for a total value of $324,365.65. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 65,695 shares of company stock valued at $10,388,854 over the last 90 days. 16.66% of the stock is currently owned by insiders.

Coinbase Global Stock Up 3.3%

COIN stock opened at $153.90 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global, Inc. has a 1 year low of $139.11 and a 1 year high of $402.16. The company has a fifty day simple moving average of $158.27 and a 200 day simple moving average of $175.81. The firm has a market cap of $40.60 billion, a PE ratio of -40.08 and a beta of 3.36.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $5.14 earnings per share. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. Sell-side analysts anticipate that Coinbase Global, Inc. will post -0.05 EPS for the current fiscal year.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase established a tokenization hub in Abu Dhabi after receiving Financial Services Permission from the local regulator. The initiative could help the company build institutional infrastructure for tokenized securities and expand its presence in the Middle East. Coinbase establishes its tokenization hub in Abu Dhabi
• Positive Sentiment: Coinbase is broadening beyond spot crypto trading through derivatives, institutional products and tokenization. Its planned launch of more than 170 derivatives contracts for eligible U.K. professionals, including crypto, commodities, equities and foreign exchange products, could diversify revenue and increase trading activity. Are Derivatives and Tokenization Coinbase’s Next Growth Engine?
• Positive Sentiment: CEO Brian Armstrong continues to promote stablecoins, decentralized finance and tokenized stocks as tools for expanding global financial access. The strategy supports the long-term bull case for Coinbase if crypto adoption and on-chain financial activity accelerate. Coinbase CEO Brian Armstrong Makes a Strong Case for Global Crypto Adoption
• Neutral Sentiment: Deribit’s upgraded high-speed trading engine, following Coinbase’s acquisition of the derivatives platform, may improve execution and support institutional derivatives growth, although the direct financial benefit is not yet clear. Coinbase Stock Climbs on Deribit’s High-Speed Trading Engine Launch
• Negative Sentiment: New York City is investigating Coinbase and other prediction-market platforms over alleged deceptive advertising and possible targeting of young adults and minors. Baltimore has separately sued Kalshi and Polymarket, naming Coinbase as a partner, which increases compliance and reputational risks. NYC Council announces probe into prediction-market marketing practices
• Negative Sentiment: A Connecticut federal judge ruled that Kalshi’s sports contracts were not swaps, and Coinbase Financial Markets lost a related motion. The decision could complicate Coinbase’s efforts to offer event-based contracts in some states. Connecticut Judge Says Kalshi Sports Contracts Were Never Swaps
• Negative Sentiment: Coinbase says AI-generated bug-bounty submissions are sharply increasing review costs, although only a small portion represent valid paid vulnerabilities. This adds operational noise but appears less significant than the company’s legal challenges. Coinbase Says Bug Reports Could Triple as AI Adds Security Noise

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.