Oppenheimer Asset Management Inc. Raises Stake in Coinbase Global, Inc. $COIN

Oppenheimer Asset Management Inc. boosted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,988 shares of the cryptocurrency exchange’s stock after acquiring an additional 3,962 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Coinbase Global were worth $3,842,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Coinbase Global by 8.3% in the third 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 last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Coinbase Global in the third quarter worth about $14,491,000. FengHe Fund Management Pte. Ltd. raised its holdings in Coinbase Global by 119.1% in the third quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange’s stock worth $23,591,000 after buying an additional 38,000 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in Coinbase Global in the third quarter worth about $224,663,000. Finally, Harvest Portfolios Group Inc. raised its holdings in Coinbase Global by 42.5% in the third quarter. Harvest Portfolios Group Inc. now owns 309,496 shares of the cryptocurrency exchange’s stock worth $104,452,000 after buying an additional 92,292 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

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 Stock Performance

Shares of COIN stock opened at $191.25 on Monday. The company has a 50 day moving average price of $187.15 and a 200-day moving average price of $229.84. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $50.51 billion, a PE ratio of 43.57, a P/E/G ratio of 4.33 and a beta of 3.38. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) 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 business had revenue of $1.78 billion for 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 business’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.68 earnings per share. As a group, equities research analysts expect that Coinbase Global, Inc. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

COIN has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Canaccord Genuity Group decreased their target price on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 13th. BTIG Research decreased their target price on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 13th. Piper Sandler lifted their target price on shares of Coinbase Global from $150.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Oppenheimer decreased their target price on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $262.07.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer directly owned 377,201 shares in the company, valued at approximately $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 394,590 shares of company stock worth $62,508,690 in the last three months. Insiders own 16.66% of the company’s stock.

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.