Coinbase Global, Inc. $COIN Shares Newly Purchased by Blue Jean Financial LLC

Key Points

• Blue Jean Financial LLC purchased 22,357 Coinbase shares worth approximately $4.17 million, making COIN about 2.5% of its portfolio and its seventh-largest holding. Institutional investors collectively own 68.84% of the stock.
• Analysts maintain a consensus “Hold” rating with a $224.44 average price target, although recent targets range from $170 to $300. Meanwhile, insiders sold 127,188 shares worth approximately $23 million over the past 90 days.
• Coinbase’s latest quarter showed pressure, with a $1.36 per-share loss, revenue down 18.5% year over year, and results below analyst estimates. Potential growth drivers include stablecoin-payment partnerships with Mastercard, Thunes and Marqeta, but regulatory restrictions and declining retail revenue remain risks.

Blue Jean Financial LLC bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,357 shares of the cryptocurrency exchange's stock, valued at approximately $4,168,000. Coinbase Global accounts for approximately 2.5% of Blue Jean Financial LLC's portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in Coinbase Global in the second quarter worth approximately $142,995,000. Southpoint Capital Advisors LP acquired a new stake in shares of Coinbase Global during the 1st quarter valued at $104,766,000. National Pension Service lifted its position in shares of Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange's stock valued at $93,784,000 after acquiring an additional 346,045 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Coinbase Global by 103.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange's stock worth $58,889,000 after acquiring an additional 159,636 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Coinbase Global by 1.8% during the 1st quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange's stock worth $56,641,000 after acquiring an additional 5,758 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Mastercard partnership supports AI-payments growth. Mastercard is opening its blockchain-based agentic payments system to developers after pilots involving Coinbase, Base and Cloudflare. The service could allow AI agents to purchase digital services using stablecoins, creating potential transaction and infrastructure opportunities for Coinbase. Mastercard Taps Coinbase, Cloudflare as AI Agents Learn to Pay
• Positive Sentiment: Thunes deal expands Coinbase’s global payments reach. Coinbase will work with Thunes to connect stablecoin transfers with payouts to billions of bank accounts and mobile wallets across approximately 140 countries. The arrangement could increase stablecoin utility and generate additional custody, conversion and settlement activity. Coinbase partners with Thunes to expand stablecoin payments to 140 countries
• Positive Sentiment: Stablecoin adoption is accelerating. A Coinbase-commissioned report said adjusted stablecoin transfer volume reached $891 billion in the third quarter, with 73% occurring outside U.S. banking hours. Separately, Coinbase’s partnership with Marqeta will support stablecoin-funded business cards, with Coinbase providing custody, dollar conversion and Base settlement. Stablecoin transfers quadruple to $891 billion
• Neutral Sentiment: Broader crypto-market signals were mixed. Bitcoin ETF inflows and institutional blockchain adoption provided support for the sector, but the articles did not identify a specific cryptocurrency move as the primary catalyst for COIN. BlackRock’s Bitcoin ETF had a major inflow
• Negative Sentiment: Regulatory and retail-demand risks remain. A Kazakhstan court restricted Coinbase and several other platforms from operating without local licenses. Recent coverage also highlighted a 31% decline in Coinbase’s retail revenue, increasing the company’s dependence on institutions and payments-related businesses. Kazakhstan court orders curbs on Coinbase

Insiders Place Their Bets

In other Coinbase Global news, Director Frederick Wilson sold 35,068 shares of Coinbase Global stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. The transaction was disclosed in a legal filing with the SEC, 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 company's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $205.24, for a total value of $8,010,517.20. Following the completion of the transaction, the chief financial officer owned 345,376 shares in the company, valued at $70,884,970.24. This represents a 10.15% decrease in their position. 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. In the last 90 days, insiders sold 127,188 shares of company stock worth $23,029,558. Insiders own 16.66% of the company's stock.

Analysts Set New Price Targets

COIN has been the topic of a number of recent research reports. BTIG Research restated a "buy" rating and issued a $240.00 target price on shares of Coinbase Global in a report on Wednesday, October 7th. Robert W. Baird upped their target price on Coinbase Global from $130.00 to $205.00 and gave the company a "neutral" rating in a report on Monday, September 28th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $300.00 target price on shares of Coinbase Global in a report on Friday, July 31st. William Blair reiterated an "outperform" rating on shares of Coinbase Global in a research report on Tuesday, September 22nd. Finally, Piper Sandler increased their price target on Coinbase Global from $146.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, October 2nd. Twenty equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $224.44.

Coinbase Global Trading Up 1.4%

NASDAQ COIN opened at $170.85 on Wednesday. Coinbase Global, Inc. has a twelve month low of $139.11 and a twelve month high of $373.25. 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 stock has a market cap of $45.08 billion, a price-to-earnings ratio of -44.49 and a beta of 3.41. The firm's 50 day moving average price is $179.09 and its two-hundred day moving average price is $175.16.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm's quarterly revenue was down 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.14 earnings per share. Equities analysts anticipate that Coinbase Global, Inc. will post -0.54 EPS for the current year.

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.

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