Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Nwam LLC

Nwam LLC boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,868 shares of the cryptocurrency exchange’s stock after purchasing an additional 314 shares during the quarter. Nwam LLC’s holdings in Coinbase Global were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. APEIRON CAPITAL Ltd bought a new position in shares of Coinbase Global during the first quarter valued at approximately $108,434,000. BOKF NA lifted its stake in Coinbase Global by 9,906.9% in the first quarter. BOKF NA now owns 2,902 shares of the cryptocurrency exchange’s stock valued at $732,000 after buying an additional 2,873 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Coinbase Global by 5.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 18,599 shares of the cryptocurrency exchange’s stock valued at $4,931,000 after buying an additional 955 shares during the last quarter. SVB Wealth LLC boosted its holdings in shares of Coinbase Global by 5.0% during the first quarter. SVB Wealth LLC now owns 29,801 shares of the cryptocurrency exchange’s stock valued at $7,901,000 after acquiring an additional 1,416 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Coinbase Global during the first quarter worth about $663,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Trading Up 3.2 %

NASDAQ:COIN opened at $304.64 on Friday. The stock has a fifty day simple moving average of $214.20 and a 200 day simple moving average of $215.16. The firm has a market capitalization of $76.27 billion, a price-to-earnings ratio of 51.99 and a beta of 3.34. Coinbase Global, Inc. has a 1-year low of $107.98 and a 1-year high of $341.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 78.8% compared to the same quarter last year. Sell-side analysts forecast that Coinbase Global, Inc. will post 4.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

COIN has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $320.00 price objective on shares of Coinbase Global in a report on Wednesday, October 9th. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Coinbase Global in a research report on Thursday, October 31st. Compass Point reduced their price target on Coinbase Global from $325.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Mizuho raised their price target on Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $251.00.

Insider Buying and Selling

In other news, insider Paul Grewal sold 16,962 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.96, for a total value of $3,510,455.52. Following the completion of the sale, the insider now owns 75,556 shares of the company’s stock, valued at $15,637,069.76. This trade represents a 18.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian Armstrong sold 58,269 shares of Coinbase Global stock in a transaction on Monday, November 18th. The shares were sold at an average price of $328.00, for a total value of $19,112,232.00. Following the transaction, the chief executive officer now owns 526 shares in the company, valued at $172,528. This represents a 99.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,091 shares of company stock valued at $50,033,426. Company insiders own 23.43% of the company’s stock.

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.