Coinbase Global, Inc. $COIN Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Coinbase Global, Inc. (NASDAQ:COINFree Report) by 56.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,755 shares of the cryptocurrency exchange’s stock after selling 19,480 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Coinbase Global were worth $3,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in COIN. Capital Advisors Wealth Management LLC raised its position in shares of Coinbase Global by 2.0% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after purchasing an additional 30 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in Coinbase Global by 37.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after purchasing an additional 32 shares in the last quarter. West Family Investments Inc. raised its holdings in shares of Coinbase Global by 3.3% in the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after buying an additional 33 shares during the last quarter. StoneX Group Inc. lifted its stake in shares of Coinbase Global by 1.8% during the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock worth $690,000 after buying an additional 34 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC lifted its stake in shares of Coinbase Global by 3.4% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alesia J. Haas sold 9,950 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $201.60, for a total value of $2,005,920.00. Following the transaction, the chief financial officer directly owned 387,221 shares of the company’s stock, valued at $78,063,753.60. The trade was a 2.51% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 438,120 shares of company stock worth $73,878,750. Insiders own 16.56% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of several research reports. Needham & Company LLC cut their target price on Coinbase Global from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. JPMorgan Chase & Co. dropped their price target on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Bank of America raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective on the stock in a report on Thursday, January 8th. Rothschild & Co Redburn lifted their target price on Coinbase Global from $277.00 to $281.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft set a $250.00 target price on Coinbase Global in a research report on Friday, February 13th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Coinbase Global has an average rating of “Hold” and an average target price of $267.47.

View Our Latest Report on Coinbase Global

Key Stories Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $174.61 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a fifty day moving average of $184.75 and a 200 day moving average of $254.52. The firm has a market cap of $46.11 billion, a PE ratio of 39.77, a PEG ratio of 2.78 and a beta of 3.70. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64.

Coinbase Global (NASDAQ:COINGet Free Report) last announced its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.68 EPS. As a group, research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Coinbase Global Company Profile

(Free Report)

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.

Featured Stories

Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

Receive News & Ratings for Coinbase Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coinbase Global and related companies with MarketBeat.com's FREE daily email newsletter.