Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 95.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 336 shares of the cryptocurrency exchange’s stock after selling 7,167 shares during the period. Blue Trust Inc.’s holdings in Coinbase Global were worth $83,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in COIN. SOA Wealth Advisors LLC. raised its position in shares of Coinbase Global by 17.7% in the fourth quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange’s stock valued at $66,000 after buying an additional 40 shares during the last quarter. Empowered Funds LLC raised its stake in Coinbase Global by 0.8% in the third quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock valued at $924,000 after buying an additional 43 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Coinbase Global by 1.7% during the fourth quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock worth $635,000 after purchasing an additional 44 shares during the last quarter. Capital Advisors Wealth Management LLC grew its holdings in shares of Coinbase Global by 3.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock worth $365,000 after buying an additional 45 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Coinbase Global by 9.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock worth $106,000 after buying an additional 51 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

Coinbase Global stock opened at $235.38 on Monday. The firm’s 50 day simple moving average is $275.76 and its 200-day simple moving average is $240.54. The company has a market cap of $59.76 billion, a P/E ratio of 24.78 and a beta of 3.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Coinbase Global, Inc. has a fifty-two week low of $146.12 and a fifty-two week high of $349.75.

Coinbase Global (NASDAQ:COIN) last posted its quarterly 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%. As a group, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JMP Securities lifted their price target 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, February 14th. Mizuho dropped their price objective on shares of Coinbase Global from $290.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $330.00 price objective on shares of Coinbase Global in a report on Thursday, February 13th. Piper Sandler raised their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group lifted their price objective on shares of Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $306.17.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 25,194 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $298.95, for a total value of $7,531,746.30. Following the sale, the director now owns 10,417 shares of the company’s stock, valued at $3,114,162.15. The trade was a 70.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $298.31, for a total transaction of $447,465.00. Following the completion of the sale, the chief operating officer now directly owns 177,576 shares in the company, valued at $52,972,696.56. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 227,591 shares of company stock worth $64,609,581. 23.43% of the stock is owned by 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.