Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Coinbase Global, Inc. $COIN

Key Points

• Mitsubishi UFJ Asset Management increased its Coinbase stake by 5.8% in Q4 to 490,311 shares (about $116 million), representing roughly 0.18% of the company.
• Coinbase missed Q1 expectations, reporting $0.66 EPS vs. $0.83 expected and $1.78 billion revenue vs. $1.86 billion expected, with revenue down 21.6% year‑over‑year.
• Management announced a ~14% workforce reduction (~700 roles) as part of an "AI‑native" restructuring to cut costs, while product launches (USDC‑settled gold/silver futures) and regulatory clarity on stablecoin rewards are positives amid legal overhang and weak trading volumes.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 490,311 shares of the cryptocurrency exchange's stock after buying an additional 27,032 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Coinbase Global worth $115,973,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of COIN. Vanguard Group Inc. lifted its holdings in Coinbase Global by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange's stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Coinbase Global during the 3rd quarter valued at about $14,491,000. FengHe Fund Management Pte. Ltd. grew its holdings in Coinbase Global by 119.1% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange's stock valued at $23,591,000 after buying an additional 38,000 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Coinbase Global during the third quarter valued at about $224,663,000. Finally, Harvest Portfolios Group Inc. lifted its holdings in shares of Coinbase Global by 42.5% in the third quarter. Harvest Portfolios Group Inc. now owns 309,496 shares of the cryptocurrency exchange's stock worth $104,452,000 after buying an additional 92,292 shares in the last quarter. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Trading Up 0.1%

Shares of COIN opened at $197.96 on Thursday. Coinbase Global, Inc. has a 1-year low of $139.36 and a 1-year high of $444.64. The company has a market capitalization of $52.28 billion, a P/E ratio of 45.09, a P/E/G ratio of 4.47 and a beta of 3.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm's 50 day simple moving average is $188.43 and its 200 day simple moving average is $227.93.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.Coinbase Global's quarterly revenue was down 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 EPS. Sell-side analysts forecast that Coinbase Global, Inc. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COIN has been the subject of a number of analyst reports. Raymond James Financial restated a "market perform" rating on shares of Coinbase Global in a research report on Thursday, January 8th. Cantor Fitzgerald upped their target price on shares of Coinbase Global from $221.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Citizens Jmp lowered their target price on shares of Coinbase Global from $400.00 to $355.00 and set a "market outperform" rating on the stock in a research note on Friday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Coinbase Global from $252.00 to $290.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Rothschild & Co Redburn reduced their price target on shares of Coinbase Global from $281.00 to $254.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $262.04.

Key Coinbase Global News

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

• Positive Sentiment: Management announced a ~14% workforce reduction (~700 roles) as part of an “AI‑native” restructuring to lower costs and flatten the org chart — a catalyst for near‑term margin improvement that lifted the stock on the news. Coinbase to cut about 14% of workforce
• Positive Sentiment: Regulatory clarity on stablecoin rewards (CLARITY Act compromise) reduces policy uncertainty around dollar‑based on‑platform products — a structural positive for Coinbase’s USDC‑centric services and institutional product roadmap. Is Stablecoin Reward Clarity Under The CLARITY Act Altering The Investment Case For Coinbase (COIN)?
• Positive Sentiment: Product expansion: Coinbase launched 24/7 gold and silver perpetual futures settled in USDC (for non‑U.S. users), broadening derivatives offerings and cross‑selling opportunities for institutional and derivatives traders. Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage
• Positive Sentiment: Analyst support: several firms adjusted price targets and ratings (Goldman Sachs, JPMorgan, Rosenblatt reaffirmations) — these upgrades/raises can buoy sentiment and buying interest. Goldman Sachs lifts price target on Coinbase Global to $231
• Neutral Sentiment: Strategic product moves (tokenization): Coinbase named Centrifuge as tokenization partner and launched a tokenized credit fund (CUSHY) — positive for long‑term revenue diversification but likely gradual in earnings impact. Coinbase Names Centrifuge as Tokenization Backbone
• Neutral Sentiment: Earnings headline risk: Coinbase reports Q1 after the close (May 7). Consensus expects lower quarterly revenue vs. year‑ago; results and guidance will determine whether cost cuts offset weaker trading volumes. Coinbase Q1 Preview: 'Everything Exchange' Dream Faces First Test After Shock Layoffs
• Negative Sentiment: Legal overhang: Coinbase was sued over frozen funds tied to a $55M DAI theft — potential litigation costs, precedent risk and custodial liability concerns that could weigh on sentiment. Coinbase faces lawsuit over frozen funds from $55M crypto theft
• Negative Sentiment: Macro/crypto headwinds: persistent downturn in trading volumes and prior quarterly revenue declines mean top‑line pressure remains; layoffs partly address this, but revenue recovery depends on market activity and product monetization. Coinbase (COIN) Stock Dips Following Launch of 24/7 Gold and Silver Perpetual Futures

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer owned 402,165 shares of the company's stock, valued at $62,315,466.75. This represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 394,590 shares of company stock valued at $62,508,690 in the last ninety days. 16.66% of the stock is currently owned by insiders.

About Coinbase Global

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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