B. Metzler seel. Sohn & Co. AG Boosts Stock Position in Coinbase Global, Inc. (NASDAQ:COIN)

B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 139.0% in the 4th quarter, HoldingsChannel reports. The firm owned 10,845 shares of the cryptocurrency exchange’s stock after buying an additional 6,307 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Coinbase Global were worth $2,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Coinbase Global by 1.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,405 shares of the cryptocurrency exchange’s stock valued at $1,854,000 after acquiring an additional 186 shares during the period. Townsquare Capital LLC boosted its stake in Coinbase Global by 97.1% in the third quarter. Townsquare Capital LLC now owns 4,738 shares of the cryptocurrency exchange’s stock worth $844,000 after buying an additional 2,334 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Coinbase Global by 481.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 11,687 shares of the cryptocurrency exchange’s stock valued at $2,082,000 after purchasing an additional 9,678 shares in the last quarter. Concentric Capital Strategies LP grew its stake in shares of Coinbase Global by 78.7% during the third quarter. Concentric Capital Strategies LP now owns 17,244 shares of the cryptocurrency exchange’s stock valued at $3,072,000 after buying an additional 7,596 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Coinbase Global during the 3rd quarter worth approximately $38,535,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Performance

COIN opened at $174.52 on Wednesday. The firm has a market cap of $44.31 billion, a P/E ratio of 18.37 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. The company has a 50 day simple moving average of $234.50 and a two-hundred day simple moving average of $242.97. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75.

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, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Equities analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Alesia J. Haas sold 7,575 shares of Coinbase Global stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $200.00, for a total transaction of $1,515,000.00. Following the completion of the transaction, the chief financial officer now directly owns 114,866 shares of the company’s stock, valued at approximately $22,973,200. The trade was a 6.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $198.15, for a total value of $1,981,500.00. Following the transaction, the chief executive officer now owns 526 shares of the company’s stock, valued at $104,226.90. This trade represents a 95.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,609 shares of company stock worth $61,331,908. Corporate insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

COIN has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Coinbase Global from $282.00 to $328.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group assumed coverage on Coinbase Global in a research report on Thursday, March 20th. They set a “neutral” rating and a $195.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $350.00 price objective on shares of Coinbase Global in a research report on Friday, February 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $305.00 target price on shares of Coinbase Global in a report on Wednesday, March 26th. Finally, Sanford C. Bernstein upgraded Coinbase Global to a “strong-buy” rating in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coinbase Global presently has an average rating of “Moderate Buy” and an average target price of $314.72.

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.