Strs Ohio Has $15.41 Million Position in Coinbase Global, Inc. $COIN

Strs Ohio reduced its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,138 shares of the cryptocurrency exchange’s stock after selling 29,687 shares during the quarter. Strs Ohio’s holdings in Coinbase Global were worth $15,409,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Coinbase Global by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after buying an additional 2,007,930 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Coinbase Global during the 3rd quarter worth about $14,491,000. FengHe Fund Management Pte. Ltd. lifted its holdings in shares of Coinbase Global by 119.1% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange’s stock valued at $23,591,000 after purchasing an additional 38,000 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Coinbase Global during the 3rd quarter valued at about $224,663,000. Finally, Harvest Portfolios Group Inc. lifted its holdings in shares of Coinbase Global by 42.5% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 309,496 shares of the cryptocurrency exchange’s stock valued at $104,452,000 after purchasing an additional 92,292 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the sale, the chief financial officer owned 377,201 shares in the company, valued at approximately $75,440,200. The trade was a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 394,590 shares of company stock valued at $62,508,690. Insiders own 16.66% of the company’s stock.

Wall Street Analyst Weigh In

COIN has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft set a $250.00 price objective on Coinbase Global in a report on Friday, February 13th. Piper Sandler lifted their price objective on Coinbase Global from $150.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. President Capital cut their price objective on Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald lifted their price objective on Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Coinbase Global has an average rating of “Hold” and a consensus price target of $262.07.

Coinbase Global Stock Performance

NASDAQ COIN opened at $191.25 on Monday. The stock has a market capitalization of $50.51 billion, a price-to-earnings ratio of 43.57, a PEG ratio of 4.33 and a beta of 3.38. The stock’s 50 day moving average price is $187.15 and its two-hundred day moving average price is $229.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.68 EPS. As a group, analysts anticipate that Coinbase Global, Inc. will post 2.77 earnings per share for the current fiscal year.

Coinbase Global News Summary

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

• Positive Sentiment: Large staking flows routed through Coinbase Prime — Bitmine staked ~$508M of ETH in one day via Coinbase Prime, increasing custody and staking activity that can boost institutional revenue and stickiness. Bitmine Stakes $508M ETH
• Positive Sentiment: Product expansion — Coinbase launched “CUSHY” and added a tokenized share class to a digital credit fund, pushing into tokenized private credit and stablecoin credit markets that could create new fee streams and institutional demand. Coinbase Launches CUSHY
• Positive Sentiment: Regulatory positioning — Coinbase and peers backed a CFTC ban on casino‑style prediction markets while defending sports markets, a stance that may reduce risky product exposure and steer regulatory outcomes more favorably for mainstream exchange offerings. Coinbase, Robinhood Back Push
• Positive Sentiment: Analyst/upside narrative — Recent analyst interest and coverage (including positive notes and raised targets) continue to support bullish sentiment among some investors. Why Prediction Market Matters
• Neutral Sentiment: New token listings — MegaETH launched across major exchanges including Coinbase without listing fees; listings can drive short-term volume but impact on long‑term revenue is unclear. MegaETH Token Debuts
• Neutral Sentiment: Retail/investor attention — Zacks/Yahoo pieces note elevated investor interest in COIN; attention can amplify moves but doesn’t guarantee fundamentals change. Coinbase Attracting Investor Attention
• Negative Sentiment: Crypto market breadth warning — CNBC reports April’s BTC rally was driven by leveraged derivatives while spot demand contracted, raising the risk that trading volume and real‑money flows (key to Coinbase revenue) could falter. Bitcoin surged in April
• Negative Sentiment: Ongoing regulatory/legal risk — Coverage highlights that a finding that Coinbase acted as a “seller” could have harmful precedents; unresolved SEC-related legal exposure remains a major overhang on valuation. Finding Coinbase a ‘Seller’ Would Bring Harms
• Negative Sentiment: Near-term earnings risk — Analyst previews expect a decline in upcoming earnings, leaving the stock sensitive to any further misses. Analysts Estimate Earnings Decline

Coinbase Global Company 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.