6,742 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,742 shares of the cryptocurrency exchange's stock, valued at approximately $1,119,000.

A number of other institutional investors have also modified their holdings of COIN. Mascagni Wealth Management Inc. bought a new stake in Coinbase Global in the fourth quarter valued at about $25,000. Copia Wealth Management bought a new stake in shares of Coinbase Global in the 4th quarter valued at approximately $26,000. Atala Financial Inc bought a new stake in shares of Coinbase Global in the 4th quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Coinbase Global during the 4th quarter valued at approximately $35,000. Finally, Brooklands Fund Management Ltd bought a new position in Coinbase Global during the fourth quarter worth $37,245,000. Institutional investors and hedge funds own 68.84% of the company's stock.

Wall Street Analysts Forecast Growth

COIN has been the topic of a number of research reports. Citigroup reissued a "buy" rating on shares of Coinbase Global in a report on Wednesday. Compass Point upgraded shares of Coinbase Global from a "sell" rating to a "neutral" rating and set a $195.00 price objective on the stock in a research note on Monday, May 12th. Jefferies Financial Group reissued a "hold" rating and issued a $260.00 target price (up previously from $210.00) on shares of Coinbase Global in a report on Tuesday, May 27th. JPMorgan Chase & Co. lowered their target price on Coinbase Global from $276.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $300.00 price target on shares of Coinbase Global in a report on Monday, June 16th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $291.06.

Insider Transactions at Coinbase Global

In related news, insider Paul Grewal sold 1,952 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $280.02, for a total value of $546,599.04. Following the completion of the transaction, the insider now owns 82,328 shares in the company, valued at $23,053,486.56. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of Coinbase Global stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $252.68, for a total transaction of $7,622,597.56. Following the completion of the transaction, the director now directly owns 10,417 shares in the company, valued at approximately $2,632,167.56. This trade represents a 74.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,915 shares of company stock valued at $48,349,215. Corporate insiders own 17.65% of the company's stock.

Coinbase Global Price Performance

Shares of COIN stock traded up $19.70 during midday trading on Thursday, reaching $375.07. 27,258,011 shares of the company were exchanged, compared to its average volume of 10,625,470. The company's 50 day moving average price is $242.10 and its two-hundred day moving average price is $241.14. The company has a market cap of $95.22 billion, a P/E ratio of 70.24, a PEG ratio of 25.22 and a beta of 3.61. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $381.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.52 and a current ratio of 2.52.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.24). Coinbase Global had a return on equity of 20.25% and a net margin of 21.14%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm earned $2.53 EPS. Coinbase Global's revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

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.