Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,146 shares of the cryptocurrency exchange's stock after purchasing an additional 1,807 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Coinbase Global were worth $2,609,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. ARK Investment Management LLC boosted its position in Coinbase Global by 1.1% during the first quarter. ARK Investment Management LLC now owns 3,069,107 shares of the cryptocurrency exchange's stock worth $528,592,000 after acquiring an additional 34,462 shares during the last quarter. Northern Trust Corp boosted its position in Coinbase Global by 20.3% during the fourth quarter. Northern Trust Corp now owns 1,294,758 shares of the cryptocurrency exchange's stock worth $321,488,000 after acquiring an additional 218,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Coinbase Global by 29.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 979,129 shares of the cryptocurrency exchange's stock worth $243,118,000 after acquiring an additional 222,789 shares during the last quarter. Ribbit Management Company LLC boosted its position in Coinbase Global by 33.9% during the fourth quarter. Ribbit Management Company LLC now owns 527,600 shares of the cryptocurrency exchange's stock worth $131,003,000 after acquiring an additional 133,500 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Coinbase Global by 26.1% during the fourth quarter. Invesco Ltd. now owns 445,736 shares of the cryptocurrency exchange's stock worth $110,676,000 after acquiring an additional 92,371 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul Grewal sold 10,000 shares of Coinbase Global stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $348.64, for a total transaction of $3,486,400.00. Following the sale, the insider owned 82,328 shares of the company's stock, valued at $28,702,833.92. The trade was a 10.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction on Monday, August 4th. The stock was sold at an average price of $317.09, for a total transaction of $7,927,250.00. Following the sale, the chief executive officer directly owned 526 shares in the company, valued at $166,789.34. This trade represents a 97.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,208,340 shares of company stock valued at $442,911,206 in the last quarter. Company insiders own 17.65% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COIN shares. Rosenblatt Securities restated a "buy" rating and set a $470.00 target price on shares of Coinbase Global in a research report on Friday, August 1st. Canaccord Genuity Group restated a "buy" rating and set a $400.00 target price on shares of Coinbase Global in a research report on Friday, August 1st. Keefe, Bruyette & Woods decreased their target price on shares of Coinbase Global from $355.00 to $335.00 and set a "market perform" rating on the stock in a research report on Monday, August 4th. Erste Group Bank assumed coverage on shares of Coinbase Global in a research note on Wednesday, July 23rd. They set a "buy" rating on the stock. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $350.00 price target on shares of Coinbase Global in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $352.18.

Coinbase Global Stock Performance

Shares of COIN stock opened at $310.54 on Friday. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $444.64. The company has a market cap of $79.79 billion, a PE ratio of 30.03, a P/E/G ratio of 26.89 and a beta of 3.70. The company has a current ratio of 2.12, a quick ratio of 2.13 and a debt-to-equity ratio of 0.25. The company's fifty day simple moving average is $332.88 and its 200-day simple moving average is $260.33.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cryptocurrency exchange reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.79). Coinbase Global had a return on equity of 16.02% and a net margin of 40.87%. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the firm earned $0.14 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.