M&T Bank Corp Acquires 31,529 Shares of Coinbase Global, Inc. $COIN

Key Points

• M&T Bank Corp boosted its stake in Coinbase by 349.1% in Q4, acquiring an additional 31,529 shares to hold 40,560 shares worth $9,172,000 at quarter-end.
• CFO Alesia J. Haas sold 364,600 shares on Feb. 6 for about $56.5 million (avg $154.95), cutting her position by ~47.6%; insiders have sold 394,590 shares in the past 90 days and now own 16.56% of the stock.
• Coinbase missed Q results (EPS $0.66 vs. $0.83 estimate; revenue $1.78B vs. $1.86B, down 21.6% YoY) and faces legal and competitive pressures—analysts are mixed with a consensus "Hold" and an average price target of $262.07.

M&T Bank Corp raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 349.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,560 shares of the cryptocurrency exchange's stock after acquiring an additional 31,529 shares during the period. M&T Bank Corp's holdings in Coinbase Global were worth $9,172,000 at the end of the most recent quarter.

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

Insider Transactions at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the company's 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 completion of the transaction, the chief financial officer owned 402,165 shares in the company, valued at $62,315,466.75. This represents a 47.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 394,590 shares of company stock valued at $62,508,690. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Trading Up 0.9%

NASDAQ COIN opened at $199.77 on Friday. The company has a market cap of $52.76 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 4.48 and a beta of 3.60. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The business has a 50 day moving average price of $185.15 and a 200-day moving average price of $236.68. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) 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 company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $4.68 EPS. The company's quarterly revenue was down 21.6% compared to the same quarter last year. As a group, equities analysts expect that Coinbase Global, Inc. will post 2.77 earnings per share for the current fiscal year.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Cantor Fitzgerald raised its price target on Coinbase, signaling analyst confidence in the company’s longer‑term outlook. Cantor Fitzgerald Raises Coinbase Price Target
• Positive Sentiment: Reports say institutional crypto inflows have surged, boosting trading volumes and custody demand—supportive for Coinbase’s revenue mix. Institutional Crypto Inflows Surge
• Positive Sentiment: Coinbase and Bybit announced cooperation on tokenized U.S. equities, which could expand product offerings and institutional execution capabilities. Coinbase and Bybit Tokenized Equities
• Positive Sentiment: Coinbase expanded USDC cross‑border payments with Nium (190+ countries), highlighting growth in payments and stablecoin use cases. Coinbase and Nium USDC Expansion
• Positive Sentiment: Product/market wins around XRP (survey interest and new institutional execution tools like Trade‑at‑Settlement for futures) may attract more institutional flow. Coinbase and XRP Institutional Moves
• Neutral Sentiment: Coinbase joined industry lobbying for the CLARITY Act and broader regulatory clarity—potentially positive long term but uncertain timing. CLARITY Act Push
• Neutral Sentiment: CEO commentary promoting Base and Coinbase’s quantum advisory notes raise the company’s tech/strategic narrative; useful context but not immediate revenue drivers. Base and Tech Commentary
• Negative Sentiment: Wisconsin sued Coinbase and other prediction‑market platforms alleging illegal sports betting; the suit seeks injunctions and adds state regulatory risk. Wisconsin Sues Prediction Markets
• Negative Sentiment: New York previously sued Coinbase over prediction markets and Coinbase moved part of its fight to federal court; accumulating litigation could increase legal costs and operational constraints. New York Prediction Market Suit
• Negative Sentiment: Department of Justice charges tied to insider trading on prediction markets and broader enforcement focus raise compliance and reputational risk for platforms. DOJ Insider Trading Charges
• Negative Sentiment: Binance.US cut spot trading fees to near zero, a competitive move that could pressure Coinbase’s trading revenue and margins. Binance.US Fee Cuts

Analyst Ratings Changes

A number of brokerages have recently commented on COIN. Compass Point cut their price target on Coinbase Global from $190.00 to $140.00 and set a "sell" rating on the stock in a research note on Friday, February 20th. Rothschild & Co Redburn cut their price target on Coinbase Global from $281.00 to $254.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Barclays lowered Coinbase Global from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $148.00 to $140.00 in a research note on Wednesday, April 8th. BTIG Research cut their price objective on Coinbase Global from $340.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Finally, UBS Group set a $264.00 price objective on Coinbase Global in a research note on Friday, February 13th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $262.07.

Coinbase Global Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.