BOCHK Asset Management Ltd Sells 12,940 Shares of Coinbase Global, Inc. $COIN

Key Points

• BOCHK Asset Management trimmed its Coinbase stake by 97.4%, selling 12,940 shares and leaving just 350 shares valued at about $79,000.
• Coinbase missed quarterly expectations (EPS $0.66 vs. $0.83 expected; revenue $1.78B vs. $1.86B), with revenue down 21.6% year‑over‑year, spurring analyst cuts and a MarketBeat consensus rating of "Hold" with a $262.94 target.
• There has been heavy recent selling and active positioning — insiders sold roughly 396,745 shares (~$63.6M) in the past 90 days and institutional ownership is 68.84% — while mixed headlines (OCC custody approval and product/market expansion vs. analyst downgrades) create offsetting sentiment.

BOCHK Asset Management Ltd trimmed its position in Coinbase Global, Inc. (NASDAQ:COIN) by 97.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 350 shares of the cryptocurrency exchange's stock after selling 12,940 shares during the period. BOCHK Asset Management Ltd's holdings in Coinbase Global were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Trilogy Capital Inc. bought a new stake in Coinbase Global in the 4th quarter worth about $359,000. DeDora Capital Inc. grew its position in Coinbase Global by 10.8% in the 4th quarter. DeDora Capital Inc. now owns 2,007 shares of the cryptocurrency exchange's stock worth $454,000 after purchasing an additional 196 shares in the last quarter. Columbia Advisory Partners LLC grew its position in Coinbase Global by 8.0% in the 4th quarter. Columbia Advisory Partners LLC now owns 1,782 shares of the cryptocurrency exchange's stock worth $403,000 after purchasing an additional 132 shares in the last quarter. Fiduciary Alliance LLC grew its position in Coinbase Global by 13.8% in the 4th quarter. Fiduciary Alliance LLC now owns 20,914 shares of the cryptocurrency exchange's stock worth $4,729,000 after purchasing an additional 2,535 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in Coinbase Global in the 4th quarter worth about $358,000. 68.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Coinbase Global in a research report on Friday, January 9th. Canaccord Genuity Group reduced their price objective on shares of Coinbase Global from $400.00 to $300.00 and set a "buy" rating for the company in a research report on Friday, February 13th. China Renaissance dropped their target price on shares of Coinbase Global from $301.50 to $223.20 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Compass Point dropped their target price on shares of Coinbase Global from $190.00 to $140.00 and set a "sell" rating on the stock in a research note on Friday, February 20th. Finally, Rosenblatt Securities dropped their target price on shares of Coinbase Global from $325.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $262.94.

Coinbase Global Stock Down 3.5%

COIN opened at $169.02 on Friday. 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 stock has a market cap of $44.63 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 3.39 and a beta of 3.60. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The company's 50-day moving average price is $178.95 and its two-hundred day moving average price is $247.85.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The firm's revenue was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.68 earnings per share. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase won an OCC nod that underpins a large institutional custody capability (reported as a $376B custody opportunity), reinforcing its positioning with big institutional flows. Coinbase Wins OCC Nod For $376 Billion Institutional Custody Empire
• Positive Sentiment: Coinbase Asset Management partnered with MarketVector to launch the Coinbase Store of Value Index (BTC + tokenized gold), expanding its institutional product suite and benchmark credentials. MarketVector and Coinbase launch index tracking Bitcoin and tokenized gold
• Positive Sentiment: Coinbase secured an Australian financial services license and plans to expand into equities, futures and other TradFi products in Australia — a potential new revenue stream. Coinbase plans expansion to stock trading in Australia after securing license
• Positive Sentiment: Jefferies raised its COIN price target to $181 (maintained Hold), signaling some analyst upside vs. recent levels. Jefferies adjusts price target on Coinbase Global to $181
• Neutral Sentiment: Broader crypto price action remains mixed — bullish scenarios and volatile analyst calls on BTC create uncertain short‑term trading flows that indirectly affect Coinbase's revenue visibility. Higher Before Lower: How Bitcoin Price Will Get To $240,000
• Neutral Sentiment: Google’s quantum-security warning has put Coinbase’s long-term crypto security planning in focus; management is engaging the topic but impact is strategic and long horizon. Google Quantum Warning Puts Coinbase Crypto Security Plans In Focus
• Negative Sentiment: Barclays initiated coverage with an Underweight and $140 target, signaling sizable downside risk and prompting selling pressure. Barclays downgrades Coinbase Global (COIN)
• Negative Sentiment: Analysts and outlets flagged profitability and margin concerns after softer quarterly results and lower revenue vs. estimates, fueling multiple downgrades and negative headlines. Analyst slashes Coinbase rating, flags profitability concerns
• Negative Sentiment: Coverage also highlighted an industry‑wide weak start to 2026 that drove additional analyst downgrades and downward revisions to sentiment on COIN. Coinbase stock hit with analyst downgrade on crypto market's weak start to 2026
• Negative Sentiment: Goldman trimmed its price target modestly (from $235 to $225) — still a Buy but a signal of tempered upside vs. prior estimates. Goldman Sachs adjusts price target on Coinbase Global to $225

Insider Buying and Selling

In related news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alesia J. Haas sold 9,950 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $201.60, for a total transaction of $2,005,920.00. Following the sale, the chief financial officer owned 387,221 shares in the company, valued at $78,063,753.60. The trade was a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 396,745 shares of company stock worth $63,576,559 over the last 90 days. 16.56% of the stock is currently owned by corporate insiders.

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.

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