Bokf Na Acquires 2,873 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Bokf Na grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 9,906.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,902 shares of the cryptocurrency exchange’s stock after purchasing an additional 2,873 shares during the period. Bokf Na’s holdings in Coinbase Global were worth $732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Coinbase Global by 18.4% during the 1st quarter. Vanguard Group Inc. now owns 16,906,269 shares of the cryptocurrency exchange’s stock valued at $4,482,190,000 after purchasing an additional 2,624,989 shares during the last quarter. Norges Bank bought a new position in shares of Coinbase Global in the 4th quarter valued at $202,936,000. a16z Perennial Management L.P. acquired a new stake in shares of Coinbase Global during the 4th quarter valued at $147,646,000. Charles Schwab Investment Management Inc. grew its position in Coinbase Global by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 656,689 shares of the cryptocurrency exchange’s stock worth $114,211,000 after acquiring an additional 37,847 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Coinbase Global by 1,186.6% in the first quarter. Canada Pension Plan Investment Board now owns 527,512 shares of the cryptocurrency exchange’s stock valued at $139,854,000 after purchasing an additional 486,512 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Insider Transactions at Coinbase Global

In related news, COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction on Monday, July 15th. The stock was sold at an average price of $229.70, for a total transaction of $344,550.00. Following the completion of the sale, the chief operating officer now owns 196,471 shares of the company’s stock, valued at $45,129,388.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Jennifer N. Jones sold 450 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $225.70, for a total value of $101,565.00. Following the transaction, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $380,530.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction on Monday, July 15th. The stock was sold at an average price of $229.70, for a total transaction of $344,550.00. Following the sale, the chief operating officer now directly owns 196,471 shares of the company’s stock, valued at $45,129,388.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,676 shares of company stock valued at $58,878,978. 23.43% of the stock is currently owned by company insiders.

Coinbase Global Price Performance

COIN stock traded up $1.60 during mid-day trading on Monday, reaching $244.53. 3,586,535 shares of the company traded hands, compared to its average volume of 11,322,131. The company has a fifty day moving average price of $235.30 and a 200-day moving average price of $212.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.02 and a quick ratio of 1.02. Coinbase Global, Inc. has a 52-week low of $69.63 and a 52-week high of $283.48. The company has a market capitalization of $60.05 billion, a P/E ratio of 48.49 and a beta of 3.40.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.26 billion. As a group, analysts anticipate that Coinbase Global, Inc. will post 4.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wedbush lifted their target price on shares of Coinbase Global from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on shares of Coinbase Global from $230.00 to $240.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Sanford C. Bernstein boosted their price target on shares of Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Singular Research reissued a “buy” rating on shares of Coinbase Global in a research note on Wednesday, May 8th. Finally, The Goldman Sachs Group cut their target price on shares of Coinbase Global from $255.00 to $215.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $237.50.

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.