Coinbase Global, Inc. $COIN Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Coinbase position by 2,948.8% in the third quarter, purchasing 48,360 additional shares for a total holding of 50,000 shares valued at approximately $9.32 million.
• Institutional investors own 68.84% of Coinbase, while insiders sold 127,188 shares worth about $23.03 million over the past 90 days, including significant sales by Director Frederick Wilson and CFO Alesia Haas.
• Coinbase shares were trading near $143.54, down 10.6%, after the company missed quarterly earnings and revenue estimates. Analysts’ consensus rating was Hold, with an average price target of $216.57.

International Assets Investment Management LLC boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 2,948.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the cryptocurrency exchange's stock after purchasing an additional 48,360 shares during the quarter. International Assets Investment Management LLC's holdings in Coinbase Global were worth $9,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of COIN. Fulton Bank N.A. raised its position in shares of Coinbase Global by 1.1% in the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange's stock valued at $863,000 after buying an additional 53 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in Coinbase Global by 2.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange's stock worth $494,000 after acquiring an additional 69 shares during the period. Aspen Grove Capital LLC raised its holdings in Coinbase Global by 2.1% in the 1st quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange's stock valued at $600,000 after acquiring an additional 71 shares in the last quarter. Sage Rhino Capital LLC raised its holdings in Coinbase Global by 0.4% in the 1st quarter. Sage Rhino Capital LLC now owns 17,059 shares of the cryptocurrency exchange's stock valued at $2,979,000 after acquiring an additional 74 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in Coinbase Global by 53.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange's stock valued at $43,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 68.84% of the company's stock.

Insiders Place Their Bets

In other news, Director Frederick Wilson sold 35,068 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $144.32, for a total value of $5,061,013.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia Haas sold 39,030 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the completion of the sale, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 127,188 shares of company stock worth $23,029,558 in the last ninety days. Insiders own 16.66% of the company's stock.

Coinbase Global Trading Down 10.6%

Shares of COIN opened at $143.54 on Friday. Coinbase Global, Inc. has a 52-week low of $136.89 and a 52-week high of $361.40. The business's fifty day moving average is $179.74 and its 200-day moving average is $178.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market cap of $37.87 billion, a price-to-earnings ratio of -50.72 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 0.76% and a negative net margin of 12.46%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $5.14 earnings per share. Coinbase Global's quarterly revenue was down 18.5% compared to the same quarter last year. Equities analysts anticipate that Coinbase Global, Inc. will post -0.50 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James Financial began coverage on Coinbase Global in a research report on Wednesday, July 22nd. They set a "market perform" rating for the company. Needham & Company LLC decreased their price target on Coinbase Global from $205.00 to $197.00 and set a "buy" rating on the stock in a research report on Friday. Zacks Research raised Coinbase Global from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 9th. UBS Group set a $155.00 price objective on shares of Coinbase Global in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Coinbase Global from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Twenty research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $216.57.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, or $2.51 diluted EPS, exceeding expectations and ending a three-quarter losing streak. Lower operating expenses and gains on the company’s crypto holdings were major contributors. Coinbase net income surges 66% in third quarter
• Positive Sentiment: Coinbase is diversifying beyond spot crypto trading: subscription and services revenue represented about 49% of net revenue, while prediction markets surpassed a $200 million annualized revenue run rate. Management is also targeting stablecoins, tokenized assets and AI-agent payments. Coinbase Q3 earnings call highlights
• Positive Sentiment: The Binance breach could create an opportunity for Coinbase to attract customers seeking a regulated exchange and stronger custody safeguards. Several analysts retained bullish ratings, including HC Wainwright, BTIG and Cantor Fitzgerald. Binance hack could benefit Coinbase
• Neutral Sentiment: Goldman Sachs maintained a Buy rating but reduced its price target to $210, while Needham lowered its target to $197. These targets imply substantial upside but reflect increased near-term uncertainty.
• Neutral Sentiment: Coinbase said customer funds remained safe after an analytics-vendor incident involving contact information for a small subset of customers. The exchange also applied for authorization to continue operating under Brazil’s new crypto rules. Coinbase customer funds statement
• Negative Sentiment: Total revenue fell about 35% year over year to $1.22 billion, while transaction revenue declined sharply as crypto spot-trading volume weakened. Early fourth-quarter transaction revenue also suggested that trading conditions had not materially improved. Weak trading revenue pressures Coinbase
• Negative Sentiment: Investors questioned the quality of the profit because roughly $715 million came from crypto investment gains, leaving adjusted net income near $78 million. Barclays cut its rating to Underweight and lowered its price target to $120; Wells Fargo also reduced its target to $174.
• Negative Sentiment: The Binance hack triggered a broad crypto-equity selloff and raised concerns about stablecoin concentration and control risk, as Circle froze approximately $800 million in USDC and Coinbase reportedly holds nearly 30% of outstanding USDC. Insider sales have also added pressure, with no reported open-market purchases in the past six months. Coinbase USDC concentration

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.

Want to see what other hedge funds are holding COIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coinbase Global, Inc. (NASDAQ:COIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.