Coinbase Global, Inc. $COIN Stock Position Decreased by Schroder Investment Management Group

Key Points

• Schroder Investment Management Group trimmed its Coinbase stake by 10.3% in Q3 to 119,807 shares (~$40.0M), even as other institutions — notably Vanguard (+25.5% to 24.2M shares) and Norges Bank (new ~ $1.04B stake) — increased exposure, leaving institutional ownership at 68.84%.
• Coinbase missed quarterly estimates (EPS $0.66 vs. $0.83 expected; revenue $1.78B, down 21.6% y/y), triggering analyst price-target cuts and a MarketBeat consensus rating of Hold with an average target near $270.51.
• Insiders have been net sellers recently — including CEO Brian Armstrong's sale of 40,000 shares — with 476,920 shares sold (~$84.2M) in the past three months, although insiders still own 16.56% of the company.

Schroder Investment Management Group trimmed its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,807 shares of the cryptocurrency exchange's stock after selling 13,684 shares during the quarter. Schroder Investment Management Group's holdings in Coinbase Global were worth $40,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Coinbase Global by 25.5% during the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange's stock valued at $8,484,964,000 after acquiring an additional 4,914,407 shares in the last quarter. Norges Bank bought a new stake in Coinbase Global in the second quarter worth approximately $1,044,354,000. Geode Capital Management LLC increased its stake in shares of Coinbase Global by 46.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange's stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Coinbase Global during the 3rd quarter worth $224,663,000. Finally, Baillie Gifford & Co. bought a new position in shares of Coinbase Global during the 3rd quarter valued at $198,249,000. Institutional investors own 68.84% of the company's stock.

Coinbase Global Trading Up 1.1%

Shares of NASDAQ:COIN opened at $198.67 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The stock's 50-day moving average is $200.02 and its 200-day moving average is $266.71. The company has a market cap of $52.46 billion, a P/E ratio of 45.26, a P/E/G ratio of 3.46 and a beta of 3.70. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $4.68 EPS. Coinbase Global's revenue for the quarter was down 21.6% on a year-over-year basis. Equities research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. 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 note on Friday, February 13th. Jefferies Financial Group lowered their target price on shares of Coinbase Global from $268.00 to $151.00 and set a "hold" rating on the stock in a research report on Friday, February 13th. Erste Group Bank cut Coinbase Global from a "buy" rating to a "hold" rating in a research report on Thursday, November 20th. Benchmark decreased their price target on Coinbase Global from $421.00 to $267.00 and set a "buy" rating for the company in a research note on Friday, February 13th. Finally, Monness Crespi & Hardt lowered Coinbase Global from a "hold" rating to a "sell" rating in a report on Monday, February 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $270.51.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase launched "Agentic Wallets" for AI agents and highlighted rising volume in machine-driven crypto payments — a potential long-term growth driver for transaction and custody revenue. AI Agents Set to Dominate Crypto Payments: Armstrong and CZ Weigh In
• Positive Sentiment: A large on-chain player (Bitmine) moved ~$19.5M of ETH into Coinbase Prime — signaling continued institutional activity and custody usage on Coinbase's platform. That can support trading/custody volumes and fees. Bitmine (BMNR) Transfers $19.5M in ETH to Coinbase Prime Following Massive Accumulation Spree
• Neutral Sentiment: Coinbase's Chief Policy Officer published recommendations on stablecoin regulation — constructive for shaping future rules but regulatory outcomes remain uncertain and timing is unclear. Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation
• Neutral Sentiment: CEO Brian Armstrong reiterated bullish long-term views on Bitcoin (and commented on supply dynamics), which supports Coinbase’s core market narrative but doesn't change near-term revenue/earnings trajectory. Brian Armstrong Says Mining Next 1 Million Bitcoin Will Take Over 100 Years, Coinbase CEO Hails BTC As 'Decentralized, Inflation-Proof'
• Neutral Sentiment: Several retail/analysis pieces (Zacks, Yahoo) are re-examining whether COIN is a buy given its high multiple and watchlist interest; these discuss stock interest but do not provide new fundamental catalysts. COIN Lags Industry YTD, Trades at Premium: What Should Investors Do?
• Neutral Sentiment: Short-interest notices in the feed show inconsistent/zero values (NaN/0 shares) — data appears unreliable and doesn’t signal a clear short squeeze or build as reported. (Feed entries dated March 10–11.)
• Negative Sentiment: Analysts and articles note COIN is trailing the industry year-to-date and trading at a premium amid falling earnings estimates — this valuation and earnings risk is weighing on investor sentiment. COIN Lags Industry YTD, Trades at Premium: What Should Investors Do?
• Negative Sentiment: High-profile commentators (Jim Cramer) suggested investors might prefer buying bitcoin directly rather than COIN, which can divert capital away from the stock even as crypto adoption rises. Jim Cramer on Coinbase Global: “What I Would Suggest You Do Is Just Buy Bitcoin, It’s Cleaner”

Insiders Place Their Bets

In other news, CEO Brian Armstrong sold 40,000 shares of the company's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The SEC filing for this sale provides additional information. Insiders have sold a total of 476,920 shares of company stock valued at $84,194,452 in the last three months. Company insiders own 16.56% of the company's stock.

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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