Robeco Institutional Asset Management B.V. Has $25.73 Million Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,619 shares of the cryptocurrency exchange’s stock after buying an additional 25,972 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coinbase Global were worth $25,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Clear Street Derivatives LLC bought a new position in shares of Coinbase Global during the 3rd quarter valued at about $409,919,000. Geode Capital Management LLC lifted its stake in Coinbase Global by 10.1% in the third quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock valued at $609,789,000 after buying an additional 314,388 shares in the last quarter. Azora Capital LP boosted its holdings in shares of Coinbase Global by 214.1% in the third quarter. Azora Capital LP now owns 322,868 shares of the cryptocurrency exchange’s stock valued at $57,525,000 after buying an additional 220,078 shares during the period. Holocene Advisors LP bought a new stake in shares of Coinbase Global during the third quarter worth $38,535,000. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in Coinbase Global in the 3rd quarter valued at $29,756,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Stock Up 3.5 %

Shares of NASDAQ:COIN opened at $301.30 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 52-week low of $114.51 and a 52-week high of $349.75. The company has a market capitalization of $75.43 billion, a PE ratio of 51.42 and a beta of 3.59. The company has a fifty day moving average of $288.26 and a 200-day moving average of $235.66.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business earned ($0.01) EPS. The firm’s quarterly revenue was up 78.8% compared to the same quarter last year. On average, equities analysts predict that Coinbase Global, Inc. will post 4.81 EPS for the current fiscal year.

Insider Activity

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 10,216 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $310.14, for a total transaction of $3,168,390.24. Following the completion of the sale, the director now directly owns 10,417 shares in the company, valued at approximately $3,230,728.38. This trade represents a 49.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alesia J. Haas sold 5,700 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total value of $1,521,159.00. Following the completion of the transaction, the chief financial officer now directly owns 144,470 shares in the company, valued at $38,554,708.90. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 376,205 shares of company stock valued at $112,487,737. Insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on COIN shares. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 target price on shares of Coinbase Global in a report on Thursday, October 31st. The Goldman Sachs Group dropped their target price on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. HC Wainwright reaffirmed a “buy” rating and set a $295.00 price target on shares of Coinbase Global in a research report on Tuesday, October 29th. Oppenheimer lowered their price objective on shares of Coinbase Global from $358.00 to $334.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, B. Riley initiated coverage on shares of Coinbase Global in a report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 target price for the company. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $289.06.

Coinbase Global Company 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.