Coinbase Global, Inc. $COIN Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH decreased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 93.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,500 shares of the cryptocurrency exchange’s stock after selling 32,990 shares during the period. Erste Asset Management GmbH’s holdings in Coinbase Global were worth $584,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of COIN. Vanguard Group Inc. grew its position in shares of Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after buying an additional 184,043 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Coinbase Global by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after buying an additional 189,080 shares in the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global during the fourth quarter worth approximately $656,744,000. Northern Trust Corp grew its position in shares of Coinbase Global by 5.9% during the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after buying an additional 108,751 shares in the last quarter. Finally, Capital World Investors grew its position in shares of Coinbase Global by 847.2% during the fourth quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock worth $347,472,000 after buying an additional 1,374,318 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick R. Wilson sold 10,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the sale, the director directly owned 30,000 shares in the company, valued at approximately $5,446,200. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the sale, the chief financial officer owned 377,201 shares in the company, valued at $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,597 shares of company stock valued at $7,746,861 in the last three months. 16.66% of the stock is owned by corporate insiders.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase is featured in Mastercard’s new AI-agent payments push, alongside Ripple and other major crypto firms, which highlights Coinbase’s role in emerging payments infrastructure and could support longer-term growth. Mastercard Taps Coinbase, Ripple and Crypto Firms for AI Agent Payments
• Positive Sentiment: Coinbase executives said institutions, family offices, and sovereign funds are still buying Bitcoin on weakness, signaling durable demand in the crypto market and reinforcing a constructive backdrop for Coinbase’s trading and institutional businesses. Institutional Conviction Remains Strong Despite Bitcoin Downturn, According to Coinbase Executive
• Positive Sentiment: Coinbase continues to expand stablecoin and payments products, including a card concept for users who can’t access traditional credit, which could broaden its customer base and deepen ecosystem usage. Coinbase Card Lets Credit Insecure Customers Use Crypto as Collateral
• Neutral Sentiment: New market-structure developments around Pyth indexes and tokenized 24/7 pricing show the industry is innovating, but the direct impact on Coinbase’s near-term earnings remains unclear. Pyth unveils continuous pricing indexes for US stocks and commodities
• Neutral Sentiment: Coinbase CAO Jennifer Jones sold 2,051 shares under a pre-arranged 10b5-1 plan; the sale is routine, but insider selling can still add some investor caution. Coinbase Global, Inc. CAO Jennifer N. Jones Insider Transaction
• Negative Sentiment: Articles focused on Bitcoin’s recent weakness and skepticism toward Coinbase stock are weighing on sentiment, since COIN remains highly tied to crypto prices and trading activity. As Bitcoin Prices Plunge, Wall Street Is Losing Faith in Coinbase Stock
• Negative Sentiment: Competitive pressure is also building, with rivals expanding tokenized stock and commodity derivatives offerings in Europe, which could intensify competition in Coinbase-adjacent crypto trading products. OKX expands X-Perps in Europe with Magnificent 7, gold and oil futures

Coinbase Global Stock Performance

COIN stock opened at $153.97 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $40.56 billion, a price-to-earnings ratio of 57.88, a PEG ratio of 4.95 and a beta of 3.32. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The stock’s fifty day moving average is $185.58 and its two-hundred day moving average is $205.18.

Coinbase Global (NASDAQ:COIN) last posted its 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). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, research analysts predict that Coinbase Global, Inc. will post 1.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COIN. Canaccord Genuity Group decreased their price target on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Rothschild & Co Redburn raised their price target on shares of Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. China Renaissance reduced their price objective on Coinbase Global from $301.50 to $223.20 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Sanford C. Bernstein reduced their price objective on Coinbase Global from $440.00 to $330.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, President Capital raised their price objective on Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Eighteen research 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. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus price target of $250.23.

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.