GWN Securities Inc. Makes New $240,000 Investment in Coinbase Global, Inc. (NASDAQ:COIN)

GWN Securities Inc. acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 967 shares of the cryptocurrency exchange’s stock, valued at approximately $240,000.

Other hedge funds also recently modified their holdings of the company. Wingate Wealth Advisors Inc. bought a new position in shares of Coinbase Global in the 4th quarter valued at about $27,000. Atala Financial Inc bought a new position in shares of Coinbase Global in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after acquiring an additional 106 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Coinbase Global in the 3rd quarter valued at about $25,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Coinbase Global in the 4th quarter valued at about $50,000. Institutional investors own 68.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COIN shares. Keefe, Bruyette & Woods raised their price objective on Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. The Goldman Sachs Group cut their target price on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Bank of America cut their target price on shares of Coinbase Global from $363.00 to $311.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. JMP Securities raised their target price on shares of Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Barclays raised their target price on shares of Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Coinbase Global currently has an average rating of “Moderate Buy” and an average target price of $322.78.

Coinbase Global Stock Up 3.2 %

Shares of COIN opened at $188.96 on Tuesday. 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 $253.10 and its 200-day moving average is $241.15. The stock has a market capitalization of $47.97 billion, a PE ratio of 19.89 and a beta of 3.66. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping 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%. Equities research analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Transactions at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 11,421 shares of Coinbase Global stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $273.23, for a total value of $3,120,559.83. Following the transaction, the director now directly owns 10,417 shares of the company’s stock, valued at $2,846,236.91. This trade represents a 52.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Grewal sold 10,978 shares of Coinbase Global stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $211.93, for a total transaction of $2,326,567.54. Following the completion of the transaction, the insider now directly owns 83,313 shares in the company, valued at $17,656,524.09. This trade represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 219,455 shares of company stock valued at $60,955,968. 23.43% of the stock is currently owned by company insiders.

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.