Yousif Capital Management LLC Has $635,000 Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Yousif Capital Management LLC boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,559 shares of the cryptocurrency exchange’s stock after acquiring an additional 44 shares during the period. Yousif Capital Management LLC’s holdings in Coinbase Global were worth $635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COIN. Geode Capital Management LLC raised its position in shares of Coinbase Global by 10.1% during 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Coinbase Global by 2.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,201,106 shares of the cryptocurrency exchange’s stock valued at $570,341,000 after buying an additional 71,398 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in shares of Coinbase Global during the third quarter valued at about $409,919,000. Charles Schwab Investment Management Inc. raised its position in shares of Coinbase Global by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 919,078 shares of the cryptocurrency exchange’s stock valued at $163,752,000 after buying an additional 52,856 shares during the last quarter. Finally, Ribbit Management Company LLC raised its position in shares of Coinbase Global by 4.7% during the third quarter. Ribbit Management Company LLC now owns 394,100 shares of the cryptocurrency exchange’s stock valued at $70,217,000 after buying an additional 17,650 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Activity

In other news, CAO Jennifer N. Jones sold 1,837 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $295.02, for a total transaction of $541,951.74. Following the sale, the chief accounting officer now directly owns 1,160 shares of the company’s stock, valued at $342,223.20. This represents a 61.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Grewal sold 7,104 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $307.80, for a total transaction of $2,186,611.20. Following the sale, the insider now directly owns 79,407 shares in the company, valued at $24,441,474.60. This trade represents a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 328,529 shares of company stock valued at $95,595,712 over the last three months. 23.43% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on COIN shares. Keefe, Bruyette & Woods cut their price objective on shares of Coinbase Global from $275.00 to $255.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. B. Riley started coverage on shares of Coinbase Global in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 price objective for the company. JMP Securities upped their price objective on shares of Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a research report on Friday. Monness Crespi & Hardt upped their price objective on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Mizuho raised shares of Coinbase Global from a “neutral” rating to an “outperform” rating and upped their target price for the company from $250.00 to $290.00 in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $301.17.

Coinbase Global Price Performance

Shares of Coinbase Global stock opened at $274.31 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $68.67 billion, a price-to-earnings ratio of 46.81 and a beta of 3.61. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75. The firm’s 50-day moving average price is $280.97 and its two-hundred day moving average price is $238.36.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. On average, equities analysts predict that Coinbase Global, Inc. will post 4.81 earnings per share for the current fiscal year.

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.