Coinbase Global, Inc. (NASDAQ:COIN) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,213 shares of the cryptocurrency exchange’s stock after buying an additional 1,276 shares during the quarter. Blair William & Co. IL’s holdings in Coinbase Global were worth $7,998,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COIN. Clear Street Derivatives LLC acquired a new stake in Coinbase Global in the third quarter valued at $409,919,000. Proficio Capital Partners LLC increased its position in shares of Coinbase Global by 30,664.4% in the 4th quarter. Proficio Capital Partners LLC now owns 418,396 shares of the cryptocurrency exchange’s stock worth $103,888,000 after purchasing an additional 417,036 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Coinbase Global by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange’s stock valued at $609,789,000 after purchasing an additional 314,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Coinbase Global during the fourth quarter worth about $56,142,000. Finally, Trivest Advisors Ltd acquired a new position in Coinbase Global in the fourth quarter worth about $54,869,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canaccord Genuity Group upped their price objective on Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their price objective on Coinbase Global from $255.00 to $305.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. HC Wainwright reiterated a “buy” rating and set a $350.00 target price on shares of Coinbase Global in a research note on Friday, February 21st. Needham & Company LLC restated a “buy” rating and issued a $330.00 price target on shares of Coinbase Global in a research report on Thursday, February 13th. Finally, Piper Sandler boosted their price objective on shares of Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coinbase Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.72.

Coinbase Global Trading Down 7.8 %

NASDAQ:COIN opened at $173.93 on Friday. The stock has a market cap of $44.16 billion, a price-to-earnings ratio of 18.31 and a beta of 3.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Coinbase Global, Inc. has a 1 year low of $146.12 and a 1 year high of $349.75. The business has a fifty day moving average of $239.36 and a 200-day moving average of $242.23.

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

Insider Activity at Coinbase Global

In other news, insider Paul Grewal sold 10,000 shares of Coinbase Global stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the transaction, the insider now directly owns 69,407 shares in the company, valued at approximately $17,816,082.83. This trade represents a 12.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alesia J. Haas sold 7,575 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $200.00, for a total value of $1,515,000.00. Following the completion of the sale, the chief financial officer now directly owns 114,866 shares in the company, valued at $22,973,200. This represents a 6.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,609 shares of company stock worth $61,331,908 over the last quarter. 23.43% of the stock is currently owned by company insiders.

About Coinbase Global

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.