Coinbase Global, Inc. $COIN Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 8.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 42,269 shares of the cryptocurrency exchange’s stock after acquiring an additional 3,332 shares during the quarter. IFM Investors Pty Ltd’s holdings in Coinbase Global were worth $7,381,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new position in Coinbase Global during the fourth quarter worth $27,000. Palisade Asset Management LLC purchased a new position in Coinbase Global during the third quarter valued at $29,000. Osbon Capital Management LLC acquired a new stake in shares of Coinbase Global in the fourth quarter valued at about $30,000. Brooklands Fund Management Ltd acquired a new stake in shares of Coinbase Global in the fourth quarter valued at about $34,000. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Coinbase Global during the third quarter worth about $35,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frederick R. Wilson sold 10,000 shares of Coinbase Global 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 completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $158.15, for a total value of $324,365.65. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 30,647 shares of company stock valued at $5,740,941. 16.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on COIN shares. JPMorgan Chase & Co. boosted their price objective on Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wedbush set a $224.00 price target on shares of Coinbase Global in a research report on Friday, May 8th. Compass Point restated a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st. Mizuho lifted their target price on shares of Coinbase Global from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Finally, KeyCorp reissued a “sector weight” rating on shares of Coinbase Global in a research note on Wednesday, June 17th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $250.65.

Coinbase Global Price Performance

Shares of COIN opened at $165.48 on Friday. The company has a market cap of $43.60 billion, a P/E ratio of 62.21, a PEG ratio of 5.62 and a beta of 3.35. Coinbase Global, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $444.64. 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 firm’s 50 day moving average price is $177.92 and its 200 day moving average price is $193.03.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. On average, research analysts forecast that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

Coinbase Global News Roundup

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

• Positive Sentiment: Coinbase is part of the newly launched Global Stablecoin Initiative/Open USD effort alongside Visa, Mastercard, and BNY, which could expand its role in mainstream digital payments and stablecoin infrastructure. Article Title
• Positive Sentiment: Crypto-linked stocks, including Coinbase, are participating in a broader bounce across the sector, helping sentiment after weakness in recent weeks. Article Title
• Neutral Sentiment: Coinbase Ventures was named as a backer of Venice AI’s new funding round, reinforcing Coinbase’s ongoing exposure to venture investing themes, though the direct stock impact appears limited. Article Title
• Neutral Sentiment: Coinbase CEO Brian Armstrong made headlines with comments on U.S. debt, fiscal safeguards, and AI/cybersecurity, but these were mostly policy and opinion pieces rather than direct business updates. Article Title
• Negative Sentiment: One analysis argued Coinbase is “further losing its grip,” reflecting concern that competitive pressure and shifting stablecoin economics could weigh on long-term growth. Article Title
• Negative Sentiment: Another report noted the Coinbase Premium has stayed negative, a sign that U.S. Bitcoin demand remains softer than on global venues and may temper trading enthusiasm. Article Title

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.