Creative Financial Designs Inc. ADV Lowers Position in Coinbase Global, Inc. (NASDAQ:COIN)

Creative Financial Designs Inc. ADV decreased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 498 shares of the cryptocurrency exchange’s stock after selling 97 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Coinbase Global were worth $124,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COIN. RPg Family Wealth Advisory LLC bought a new position in shares of Coinbase Global during the 3rd quarter valued at about $25,000. Wingate Wealth Advisors Inc. bought a new position in Coinbase Global during the fourth quarter valued at approximately $27,000. Atala Financial Inc purchased a new position in Coinbase Global during the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its stake in Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after acquiring an additional 106 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Coinbase Global by 408.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after acquiring an additional 204 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Trading Up 0.3 %

COIN stock opened at $190.38 on Friday. The company has a market capitalization of $48.33 billion, a PE ratio of 20.04 and a beta of 3.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Coinbase Global, Inc. has a 12 month low of $146.12 and a 12 month high of $349.75. The firm’s 50-day moving average is $248.64 and its 200 day moving average is $240.42.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $330.00 target price on shares of Coinbase Global in a report on Thursday, February 13th. HC Wainwright reissued a “buy” rating and issued a $350.00 price objective on shares of Coinbase Global in a research note on Friday, February 21st. Sanford C. Bernstein upgraded shares of Coinbase Global to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on shares of Coinbase Global in a report on Thursday. They issued a “neutral” rating and a $195.00 price target for the company. Finally, Oppenheimer reissued an “outperform” rating on shares of Coinbase Global in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.72.

Insider Buying and Selling at Coinbase Global

In related news, insider Paul Grewal sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $256.69, for a total value of $2,566,900.00. Following the completion of the transaction, the insider now owns 69,407 shares of the company’s stock, valued at $17,816,082.83. The trade was a 12.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 11,421 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $273.23, for a total value of $3,120,559.83. Following the sale, the director now owns 10,417 shares of the company’s stock, valued at approximately $2,846,236.91. This represents a 52.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,455 shares of company stock valued at $60,955,968 in the last ninety days. Corporate insiders own 23.43% of the company’s stock.

Coinbase Global Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.