Bank Julius Baer & Co. Ltd Zurich Has $1.86 Million Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Bank Julius Baer & Co. Ltd Zurich decreased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,675 shares of the cryptocurrency exchange’s stock after selling 869 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Coinbase Global were worth $1,857,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its stake in shares of Coinbase Global by 1.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 98,975 shares of the cryptocurrency exchange’s stock worth $17,214,000 after acquiring an additional 1,870 shares in the last quarter. Stevens Capital Management LP grew its stake in shares of Coinbase Global by 185.5% in the 4th quarter. Stevens Capital Management LP now owns 9,532 shares of the cryptocurrency exchange’s stock worth $1,658,000 after acquiring an additional 6,193 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Coinbase Global in the 4th quarter worth $289,000. Atria Wealth Solutions Inc. grew its stake in shares of Coinbase Global by 32.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,376 shares of the cryptocurrency exchange’s stock worth $1,283,000 after acquiring an additional 1,806 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Coinbase Global in the 4th quarter worth $281,000. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Coinbase Global from $92.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Raymond James upgraded shares of Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. Oppenheimer increased their price target on shares of Coinbase Global from $200.00 to $276.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods increased their price target on shares of Coinbase Global from $160.00 to $230.00 and gave the company a “market perform” rating in a research report on Wednesday, April 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $165.43.

Insider Activity at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 97,836 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $131.57, for a total value of $12,872,282.52. Following the sale, the director now directly owns 6,072 shares of the company’s stock, valued at $798,893.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 97,836 shares of Coinbase Global stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $131.57, for a total transaction of $12,872,282.52. Following the transaction, the director now directly owns 6,072 shares of the company’s stock, valued at $798,893.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Grewal sold 42,113 shares of Coinbase Global stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $190.34, for a total transaction of $8,015,788.42. Following the transaction, the insider now directly owns 66,122 shares in the company, valued at $12,585,661.48. The disclosure for this sale can be found here. Insiders have sold 532,208 shares of company stock valued at $99,652,403 over the last three months. 33.16% of the stock is owned by corporate insiders.

Coinbase Global Trading Up 5.7 %

Shares of Coinbase Global stock opened at $236.32 on Friday. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 875.26 and a beta of 3.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $231.74 and its 200-day moving average price is $160.91.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The business had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. Coinbase Global’s quarterly revenue was up 51.6% on a year-over-year basis. During the same period last year, the firm posted ($2.46) earnings per share. On average, equities analysts expect that Coinbase Global, Inc. will post 2.43 earnings per share for the current fiscal year.

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.