Coinbase Global, Inc. $COIN Stake Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,975 shares of the cryptocurrency exchange’s stock after selling 13,074 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coinbase Global were worth $31,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COIN. Diversify Advisory Services LLC purchased a new stake in Coinbase Global in the 3rd quarter valued at about $327,000. Blue Jean Financial LLC acquired a new position in shares of Coinbase Global during the 3rd quarter valued at about $4,168,000. Prime Capital Investment Advisors LLC increased its stake in shares of Coinbase Global by 125.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,735 shares of the cryptocurrency exchange’s stock valued at $696,000 after acquiring an additional 2,077 shares during the last quarter. Lazari Capital Management Inc. purchased a new position in shares of Coinbase Global during the 3rd quarter worth about $283,000. Finally, Net Worth Advisory Group purchased a new position in shares of Coinbase Global during the 3rd quarter worth about $425,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Coinbase’s institutional strategy head said tokenized-stock activity on the platform is generating approximately $20 million per week and growing, although the figure remains below reported volumes at Binance. This supports the potential for new transaction and institutional revenue streams. Coinbase’s Tokenized Stocks Are Seeing About $20 Million a Week
• Positive Sentiment: Analyst coverage remains supportive ahead of Coinbase’s third-quarter results: Needham raised its price target to $205 and reiterated a Buy rating, while Zacks said trading and earnings trends could position the company for a potential earnings beat. Coinbase is scheduled to report on October 29. Why Is Coinbase Stock Surging Wednesday? Coinbase Expected to Beat Earnings Estimates
• Positive Sentiment: Coinbase said it was unaffected by recently disclosed PHP-related cybersecurity vulnerabilities, reducing concern about a near-term platform-security disruption. Coinbase Says It Was Unaffected by PHP Flaw
• Neutral Sentiment: Bitcoin’s rebound and broader crypto-market buying previously provided support for COIN, but the stock remains highly sensitive to cryptocurrency prices and trading activity.
• Negative Sentiment: Ireland’s central bank fined Coinbase Ireland €3.25 million, or about $3.6 million, for inadequate customer-fund safeguarding, weak oversight and excessive reliance on its U.S. parent. The regulator said safeguarding accounts were underfunded at times, though Coinbase indicated customers did not lose funds or access. The enforcement action is the Irish unit’s second regulatory hit in roughly a year and raises compliance-cost and reputational concerns. Coinbase Fined Again in Ireland
• Negative Sentiment: Kazakhstan is pursuing restrictions on Coinbase and other crypto platforms, potentially limiting access to the exchange in that market. Kazakhstan Seeks to Enforce Coinbase Injunction
• Negative Sentiment: Investor caution is also elevated because Coinbase recently missed quarterly earnings and revenue expectations, while analysts expect another challenging year for profitability. The Irish fine and international restrictions add to concerns about regulatory execution as the company prepares to report.

Coinbase Global Stock Performance

Coinbase Global stock opened at $169.09 on Friday. The stock’s 50-day moving average is $179.96 and its 200-day moving average is $175.18. The company has a market cap of $44.61 billion, a price-to-earnings ratio of -44.03 and a beta of 3.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42. Coinbase Global, Inc. has a 12 month low of $139.11 and a 12 month high of $373.25.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%. The firm’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.14 EPS. Equities analysts anticipate that Coinbase Global, Inc. will post -0.53 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CFO Alesia Haas sold 39,030 shares of Coinbase Global stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the transaction, the chief financial officer directly owned 345,376 shares of the company’s stock, valued at $70,884,970.24. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 13,676 shares of Coinbase Global stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $186.18, for a total transaction of $2,546,197.68. Following the transaction, the director directly owned 1,115,810 shares in the company, valued at approximately $207,741,505.80. This trade represents a 1.21% 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. Over the last ninety days, insiders have sold 127,188 shares of company stock worth $23,029,558. 16.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on COIN shares. Argus reissued a “hold” rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Oppenheimer dropped their price target on shares of Coinbase Global from $209.00 to $193.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Robert W. Baird increased their price target on shares of Coinbase Global from $130.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, September 28th. Citigroup increased their price target on shares of Coinbase Global from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Finally, Wells Fargo & Company assumed coverage on shares of Coinbase Global in a report on Friday, October 2nd. They issued an “equal weight” rating and a $200.00 price target on the stock. Twenty investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $225.32.

Coinbase Global Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.