Intech Investment Management LLC Has $3.98 Million Position in Coinbase Global, Inc. $COIN

Intech Investment Management LLC lowered its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 70.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,600 shares of the cryptocurrency exchange’s stock after selling 42,222 shares during the period. Intech Investment Management LLC’s holdings in Coinbase Global were worth $3,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Coinbase Global by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after buying an additional 2,007,930 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Coinbase Global during the 4th quarter valued at $1,626,000. Mizuho Markets Cayman LP acquired a new stake in shares of Coinbase Global during the 4th quarter valued at $33,921,000. Harvest Portfolios Group Inc. grew its holdings in shares of Coinbase Global by 21.7% during the 4th quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after acquiring an additional 67,082 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of Coinbase Global by 303.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 20,316 shares of the cryptocurrency exchange’s stock worth $4,594,000 after acquiring an additional 15,282 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase expanded its international footprint by launching direct INR deposits and withdrawals in India, giving users access to spot and futures trading through local bank rails after securing regulatory approval. Coinbase launches rupee bank rails in India after FIU nod
• Positive Sentiment: The company’s push into India could support long-term user growth by making it easier for Indian retail traders to fund accounts and trade crypto on Coinbase’s platform. Jamie Dimon calls Coinbase CEO ‘full of s–t,’ vows to fight crypto-friendly bill in Congress
• Neutral Sentiment: Virtune completed a monthly rebalancing of its Coinbase-linked index ETP, a routine product update that does not appear to be a major direct catalyst for shares. Virtune AB (Publ) has completed the rebalancing for May 2026 of its Virtune Coinbase 50 Index ETP
• Neutral Sentiment: Industry commentary highlighted that Coinbase remains a key crypto-market proxy, with sentiment tied to bitcoin and broader digital-asset moves, but this was mostly explanatory rather than company-specific news. Strategy Slides 6%, Coinbase Drops 5% as Saylor’s First Bitcoin Sale in Nearly 4 Years Triggers Crypto Selloff
• Negative Sentiment: B. Riley cut its price target on Coinbase to $203 from $243 and kept a neutral rating, signaling more cautious expectations for the stock’s upside. B. Riley cuts price target on Coinbase Global to $203 from $243, keeps neutral rating
• Negative Sentiment: Coinbase also faced pressure from a broad crypto selloff, with investors focusing on its June 1 convertible-note maturity and the possibility of a cash outflow to retire the notes if conversion conditions were not met. Coinbase slides as crypto prices weaken and investors focus on June 1 convertible-note maturity

Insiders Place Their Bets

In other news, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the sale, the insider owned 84,753 shares in the company, valued at approximately $14,991,110.64. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the transaction, the insider directly owned 517 shares in the company, valued at $97,718.17. This trade represents a 92.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,566 shares of company stock valued at $7,611,095 in the last three months. Company insiders own 16.66% of the company’s stock.

Coinbase Global Trading Down 3.4%

Shares of COIN stock opened at $182.61 on Tuesday. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The company has a market cap of $48.11 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 6.67 and a beta of 3.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $188.19 and its two-hundred day moving average is $210.58.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue was down 30.5% on a year-over-year basis. Equities analysts predict that Coinbase Global, Inc. will post 1.74 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citizens Jmp cut their price objective on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. HC Wainwright dropped their target price on Coinbase Global from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Barclays cut their price target on Coinbase Global from $140.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, May 8th. Bank of America reduced their price target on Coinbase Global from $288.00 to $234.00 in a report on Thursday, April 2nd. Finally, Cantor Fitzgerald boosted their price target on Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $250.81.

Coinbase Global Profile

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.