Capital World Investors Acquires New Shares in Coinbase Global, Inc. $COIN

Key Points

• Capital World Investors bought a new stake of 162,216 shares in Coinbase (NASDAQ:COIN) during Q3, valued at about $54.7 million and representing roughly 0.06% of the company.
• Insiders sold heavily over the last quarter—476,920 shares totaling about $84.2 million, including CEO Brian Armstrong’s 40,000‑share sale (~$9.96M)—while institutional investors own 68.84% of the stock.
• Coinbase's most recent quarter missed estimates (EPS $0.66 vs. $0.83 consensus; revenue $1.78B vs. $1.86B), the stock is down 2.7% with a $51.06B market cap and a consensus analyst target of $270.51 amid valuation concerns.

Capital World Investors bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 162,216 shares of the cryptocurrency exchange's stock, valued at approximately $54,746,000. Capital World Investors owned 0.06% of Coinbase Global at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange's stock valued at $8,847,905,000 after acquiring an additional 2,007,930 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Coinbase Global during the 3rd quarter worth approximately $14,491,000. FengHe Fund Management Pte. Ltd. lifted its stake in Coinbase Global by 119.1% in the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange's stock worth $23,591,000 after purchasing an additional 38,000 shares in the last quarter. Liontrust Investment Partners LLP lifted its stake in Coinbase Global by 73.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 83,058 shares of the cryptocurrency exchange's stock worth $29,111,000 after purchasing an additional 35,068 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Coinbase Global by 11.0% in the 3rd quarter. Czech National Bank now owns 57,439 shares of the cryptocurrency exchange's stock valued at $19,385,000 after purchasing an additional 5,707 shares during the period. Hedge funds and other institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Down 2.7%

COIN opened at $193.35 on Friday. The stock has a market cap of $51.06 billion, a PE ratio of 44.04, a P/E/G ratio of 3.50 and a beta of 3.70. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The business's fifty day simple moving average is $199.36 and its 200 day simple moving average is $266.20.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly 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 firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company's revenue for the quarter was down 21.6% on a year-over-year basis. During the same period last year, the firm earned $4.68 EPS. As a group, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COIN has been the subject of a number of recent analyst reports. China Renaissance decreased their price target on shares of Coinbase Global from $301.50 to $223.20 and set a "buy" rating on the stock in a report on Monday, February 23rd. Oppenheimer dropped their price objective on Coinbase Global from $381.00 to $370.00 and set an "outperform" rating for the company in a research note on Monday, January 12th. Argus restated a "hold" rating on shares of Coinbase Global in a research report on Tuesday, November 25th. Benchmark decreased their target price on Coinbase Global from $421.00 to $267.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Coinbase Global in a report on Friday, January 9th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $270.51.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase launched regulated crypto and index futures across 26 European countries, expanding its institutional and retail product footprint in a major market — a potential revenue and market-share positive. COIN Broadens Reach With Europe Futures
• Positive Sentiment: Product innovation: Coinbase rolled out Agentic Wallets for AI agents and has highlighted high transaction volumes, signaling new use cases and product-led growth opportunities. AI Agents Set to Dominate Crypto Payments
• Positive Sentiment: Policy engagement: Coinbase’s Chief Policy Officer publicly outlined recommendations to shape U.S. stablecoin rules — proactive regulatory positioning could reduce future compliance risk if adopted. CPO Lists 5 Errors US Congress Should Avoid
• Neutral Sentiment: Coinbase executives publicly denied accusations that the company lobbied to block a Bitcoin de minimis tax exemption — denial aims to contain reputational harm but may not fully dispel community concerns. Coinbase execs deny lobbying
• Neutral Sentiment: Legal/flow headlines: A proposed class action against JPMorgan alleges transfers into Coinbase wallets linked to a Ponzi scheme — the suit targets the bank, not Coinbase directly, but keeps regulatory and AML scrutiny in market conversation. JPMorgan Faces $328M Lawsuit
• Negative Sentiment: Analyst/valuation pressure: Coverage notes COIN is lagging the industry year-to-date, trading at a premium with falling earnings estimates — valuation concerns are a clear near-term headwind for the stock. COIN Lags Industry YTD
• Negative Sentiment: Community controversy: Persistent social-media claims that Coinbase opposed a BTC de minimis tax exemption (despite denials) keep reputational risk elevated, which could spook retail or policy-sensitive investors. Is Coinbase Sabotaging Bitcoin De Minimis Tax?
• Negative Sentiment: Short-interest reports indicate a reported rise in short activity for March (data shows anomalies but the market interprets rising short interest as bearish sentiment). (internal short-interest snapshots)
• Negative Sentiment: High-profile commentary: Influencers and commentators (e.g., Jim Cramer) suggesting investors buy Bitcoin rather than Coinbase stock may reduce demand for COIN shares. Jim Cramer on Coinbase

Insiders Place Their Bets

In other news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business'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 value of $344,121.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the company's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 476,920 shares of company stock valued at $84,194,452 over the last quarter. 16.56% of the stock is owned by corporate insiders.

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.

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