Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,875 shares of the cryptocurrency exchange's stock after acquiring an additional 1,406 shares during the period. Coinbase Global comprises about 1.8% of Kera Capital Partners Inc.'s investment portfolio, making the stock its 10th largest holding. Kera Capital Partners Inc.'s holdings in Coinbase Global were worth $6,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COIN. Mascagni Wealth Management Inc. bought a new position in shares of Coinbase Global during the 4th quarter valued at about $25,000. Copia Wealth Management acquired a new stake in Coinbase Global during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Coinbase Global in the fourth quarter valued at approximately $27,000. Atala Financial Inc bought a new stake in shares of Coinbase Global during the fourth quarter worth $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Coinbase Global during the fourth quarter worth $35,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

Shares of Coinbase Global stock traded down $2.72 during trading on Friday, hitting $246.12. 6,028,897 shares of the stock were exchanged, compared to its average volume of 10,170,804. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $205.62 and a 200-day moving average price of $245.59. The stock has a market capitalization of $62.48 billion, a price-to-earnings ratio of 25.91 and a beta of 3.62. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $349.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The cryptocurrency exchange reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($0.24). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.22 billion. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Coinbase Global's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $2.53 EPS. As a group, equities analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COIN. Barclays upped their target price on shares of Coinbase Global from $169.00 to $202.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. The Goldman Sachs Group boosted their price target on Coinbase Global from $189.00 to $209.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Canaccord Genuity Group reissued a "buy" rating and issued a $400.00 target price on shares of Coinbase Global in a research report on Friday, May 9th. Cantor Fitzgerald initiated coverage on Coinbase Global in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $245.00 target price on the stock. Finally, Piper Sandler raised their price target on shares of Coinbase Global from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.10.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 15,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $168.53, for a total transaction of $2,527,950.00. Following the completion of the sale, the chief executive officer now owns 526 shares of the company's stock, valued at $88,646.78. This trade represents a 96.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 7,575 shares of Coinbase Global stock in a transaction on Monday, March 24th. The stock was sold at an average price of $200.00, for a total transaction of $1,515,000.00. Following the transaction, the chief financial officer now directly owns 114,866 shares of the company's stock, valued at approximately $22,973,200. This trade represents a 6.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 170,717 shares of company stock worth $36,801,351. 17.65% of the stock is owned by company insiders.

Coinbase Global Profile

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.