World Investment Advisors Has $846,000 Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

World Investment Advisors boosted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 445.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,912 shares of the cryptocurrency exchange's stock after purchasing an additional 4,012 shares during the period. World Investment Advisors' holdings in Coinbase Global were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COIN. Mascagni Wealth Management Inc. acquired a new stake in Coinbase Global during the 4th quarter worth $25,000. Copia Wealth Management bought a new stake in shares of Coinbase Global in the 4th quarter valued at $26,000. Atala Financial Inc acquired a new position in Coinbase Global in the 4th quarter worth $27,000. Mpwm Advisory Solutions LLC acquired a new position in Coinbase Global in the 4th quarter worth $35,000. Finally, Brooklands Fund Management Ltd acquired a new position in shares of Coinbase Global during the 4th quarter worth about $37,245,000. Institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Performance

Coinbase Global stock traded up $15.11 during trading hours on Thursday, hitting $388.96. The company had a trading volume of 17,059,722 shares, compared to its average volume of 10,877,834. The firm has a market cap of $98.75 billion, a PE ratio of 72.84, a PEG ratio of 27.35 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.52 and a quick ratio of 2.52. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $396.71. The firm has a 50-day moving average of $278.42 and a 200 day moving average of $245.80.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.24). Coinbase Global had a return on equity of 20.25% and a net margin of 21.14%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, sell-side analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. William Blair assumed coverage on shares of Coinbase Global in a research note on Wednesday, June 11th. They set an "outperform" rating for the company. Rosenblatt Securities restated a "buy" rating and set a $300.00 price objective on shares of Coinbase Global in a research note on Monday, June 16th. Needham & Company LLC reduced their price objective on shares of Coinbase Global from $330.00 to $270.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Keefe, Bruyette & Woods raised their target price on shares of Coinbase Global from $183.00 to $205.00 and gave the company a "market perform" rating in a research note on Friday, May 9th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $400.00 target price on shares of Coinbase Global in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of "Hold" and a consensus price target of $298.60.

Insider Activity at Coinbase Global

In other news, CEO Brian Armstrong sold 336,265 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $362.61, for a total transaction of $121,933,051.65. Following the transaction, the chief executive officer directly owned 526 shares of the company's stock, valued at approximately $190,732.86. This trade represents a 99.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 30,167 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $252.68, for a total transaction of $7,622,597.56. Following the sale, the director owned 10,417 shares in the company, valued at $2,632,167.56. This represents a 74.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 685,915 shares of company stock worth $222,081,432 over the last ninety days. Insiders own 17.65% of the company's stock.

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.