Coinbase Global, Inc. $COIN Stock: Allspring Global Investments Holdings LLC Grows Holdings

Key Points

• Allspring Global Investments increased its Coinbase stake 4.6% in the third quarter, adding 25,191 shares to hold 575,474 shares valued at about $108.9 million. Institutional investors collectively owned 68.84% of the company’s stock.
• Analyst views are mixed: 21 analysts rate COIN a Buy, 12 a Hold, and four a Sell; the consensus rating is Hold with an average price target of $209.88.
• Coinbase faces near-term pressure after reports of a roughly 16% post-earnings decline and trading near its 52-week low, although its new trust-charter approval and a PNC USDC payments pilot offer potential business-growth catalysts.

Allspring Global Investments Holdings LLC increased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 575,474 shares of the cryptocurrency exchange's stock after acquiring an additional 25,191 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of Coinbase Global worth $108,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Coinbase Global during the second quarter valued at about $142,995,000. National Pension Service grew its stake in Coinbase Global by 117.1% in the second 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 period. Southpoint Capital Advisors LP acquired a new stake in Coinbase Global in the first quarter valued at approximately $104,766,000. California State Teachers Retirement System increased its holdings in shares of Coinbase Global by 1.8% during the first quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange's stock valued at $56,641,000 after acquiring an additional 5,758 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Coinbase Global by 103.2% during the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange's stock valued at $58,889,000 after acquiring an additional 159,636 shares in the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Stock Up 1.0%

Shares of NASDAQ:COIN opened at $136.10 on Tuesday. The stock has a market cap of $35.91 billion, a price-to-earnings ratio of -48.09 and a beta of 3.35. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.43. Coinbase Global, Inc. has a 12-month low of $131.10 and a 12-month high of $324.80. The business's 50 day moving average is $174.50 and its 200 day moving average is $175.81.

Wall Street Analysts Forecast Growth

COIN has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on Coinbase Global from $148.00 to $189.00 and gave the stock an "overweight" rating in a research report on Monday, October 26th. Citizens Jmp reduced their price target on shares of Coinbase Global from $325.00 to $280.00 and set a "market outperform" rating for the company in a research report on Friday, October 9th. Oppenheimer decreased their price target on shares of Coinbase Global from $209.00 to $193.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Cantor Fitzgerald restated an "overweight" rating and set a $212.00 price objective on shares of Coinbase Global in a report on Friday, October 30th. Finally, Citigroup restated a "market outperform" rating on shares of Coinbase Global in a report on Friday, October 30th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $209.88.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Wilson sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $178.93, for a total transaction of $1,789,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 6,838 shares of the firm's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $198.00, for a total value of $1,353,924.00. Following the transaction, the director owned 1,108,972 shares in the company, valued at approximately $219,576,456. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 92,120 shares of company stock valued at $17,968,544. 16.66% of the stock is owned by corporate insiders.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: The OCC’s final approval of Coinbase National Trust Company is a regulatory milestone that could strengthen its position in institutional crypto custody. The charter permits fiduciary custody services, but Coinbase is not becoming a commercial bank; moving its existing custody business under the charter is expected to take up to three years. Coinbase’s US national trust bank charter takes effect
• Positive Sentiment: PNC Bank is piloting incoming USDC payments for eligible corporate and institutional clients using Coinbase’s payments infrastructure. The partnership may support broader adoption of Coinbase’s services and more efficient payments. PNC Bank tests turning USDC payments into dollar deposits
• Positive Sentiment: Coinbase also began allowing eligible U.S. users, excluding New York, to borrow USDC against tokenized gold (PAXG). The new collateral option expands its lending products, though its financial contribution is not yet clear. Coinbase Users Can Now Borrow USDC Against Tokenized Gold
• Neutral Sentiment: PNC did not disclose the pilot’s fees, settlement benchmarks, or number of participating clients, making its near-term revenue potential difficult to assess. PNC Bank tests turning USDC payments into dollar deposits
• Negative Sentiment: Recent reports point to a roughly 16% decline since Coinbase’s Oct. 29 earnings, citing a weak quarter alongside Bitcoin’s slide and broader crypto-market selling. COIN has recently traded near its 52-week low, so market sentiment may outweigh the new business catalysts in the near term. Coinbase Just Hit a New 52-Week Low After Losing 16% Since Earnings
• Negative Sentiment: Freedom Broker reduced its price target for COIN, adding to cautious analyst sentiment. Coinbase Global Stock Gets Price Target Reduction from Freedom Broker

About Coinbase Global

Coinbase Global operates a cryptocurrency platform serving individual consumers, businesses and institutional clients. Its services include buying, selling and holding digital assets, as well as trading tools and cryptocurrency custody services.

The company also offers products for developers and businesses building on blockchain networks, including Base, its Ethereum layer-2 network. Coinbase supports the USDC stablecoin through its partnership with Circle and provides services such as staking and payment infrastructure.

Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is headquartered in the United States and serves customers in the U.S.

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