OMERS ADMINISTRATION Corp Has $1.80 Million Position in Coinbase Global, Inc. (NASDAQ:COIN)

OMERS ADMINISTRATION Corp boosted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,255 shares of the cryptocurrency exchange's stock after purchasing an additional 1,279 shares during the period. OMERS ADMINISTRATION Corp's holdings in Coinbase Global were worth $1,801,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of COIN. McElhenny Sheffield Capital Management LLC acquired a new position in Coinbase Global during the 4th quarter worth about $252,000. Savant Capital LLC bought a new stake in shares of Coinbase Global during the fourth quarter valued at approximately $591,000. Principal Financial Group Inc. increased its holdings in shares of Coinbase Global by 219.2% in the third quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange's stock valued at $9,558,000 after purchasing an additional 36,843 shares in the last quarter. Sara Bay Financial acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $230,000. Finally, Oxinas Partners Wealth Management LLC acquired a new position in Coinbase Global during the 4th quarter worth $265,000. Institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Down 0.9%

Shares of Coinbase Global stock traded down $2.47 on Monday, hitting $263.99. The company had a trading volume of 12,402,151 shares, compared to its average volume of 10,179,940. The stock has a 50-day moving average of $191.65 and a 200-day moving average of $244.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $349.75. The firm has a market capitalization of $67.02 billion, a P/E ratio of 27.79 and a beta of 3.62.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.24). The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.22 billion. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 EPS. Research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC lowered their target price on Coinbase Global from $330.00 to $270.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Citigroup reiterated a "neutral" rating on shares of Coinbase Global in a research report on Thursday, May 8th. Mizuho cut their target price on shares of Coinbase Global from $280.00 to $217.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Benchmark raised their target price on shares of Coinbase Global from $252.00 to $301.00 and gave the company a "buy" rating in a research note on Friday. Finally, Rosenblatt Securities reissued a "buy" rating and set a $260.00 price target on shares of Coinbase Global in a research note on Monday, May 12th. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coinbase Global currently has an average rating of "Moderate Buy" and an average price target of $266.40.

Insider Transactions at Coinbase Global

In related news, insider Paul Grewal sold 1,952 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $250.00, for a total value of $488,000.00. Following the completion of the transaction, the insider now directly owns 81,773 shares of the company's stock, valued at approximately $20,443,250. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 15,517 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $260.98, for a total transaction of $4,049,626.66. Following the completion of the sale, the director now directly owns 10,417 shares in the company, valued at approximately $2,718,628.66. The trade was a 59.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,764 shares of company stock valued at $35,671,592 over the last 90 days. 17.65% of the stock is owned by corporate insiders.

Coinbase Global Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.