PFA Pension Forsikringsaktieselskab Purchases New Stake in Coinbase Global, Inc. $COIN

Key Points

• PFA Pension Forsikringsaktieselskab bought a new stake in Coinbase (NASDAQ:COIN) of 115,514 shares in Q4, valued at about $26.75 million.
• Insiders have been net sellers — CFO Alesia J. Haas sold 10,020 shares via a 10b5‑1 plan and insiders sold 394,590 shares (~$62.5M) in the last 90 days — while institutional investors own roughly 68.84% and insiders 16.66% of the stock.
• Coinbase missed Q4 estimates with EPS $0.66 vs. $0.83 expected and revenue $1.78B vs. $1.86B (revenue down 21.6% YoY); analysts’ consensus is a “Hold” with an average target of $262.07.

PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 115,514 shares of the cryptocurrency exchange's stock, valued at approximately $26,753,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 buying an additional 2,007,930 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Coinbase Global in the third quarter valued at about $14,491,000. FengHe Fund Management Pte. Ltd. grew its stake in Coinbase Global by 119.1% in 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 purchased a new position in Coinbase Global in the third quarter valued at about $224,663,000. Finally, Harvest Portfolios Group Inc. grew its stake in Coinbase Global by 42.5% in 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. 68.84% of the stock is owned by institutional investors and hedge funds.

More Coinbase Global News

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

• Positive Sentiment: Large staking flows routed through Coinbase Prime — Bitmine staked ~$508M of ETH in one day via Coinbase Prime, increasing custody and staking activity that can boost institutional revenue and stickiness. Bitmine Stakes $508M ETH
• Positive Sentiment: Product expansion — Coinbase launched “CUSHY” and added a tokenized share class to a digital credit fund, pushing into tokenized private credit and stablecoin credit markets that could create new fee streams and institutional demand. Coinbase Launches CUSHY
• Positive Sentiment: Regulatory positioning — Coinbase and peers backed a CFTC ban on casino‑style prediction markets while defending sports markets, a stance that may reduce risky product exposure and steer regulatory outcomes more favorably for mainstream exchange offerings. Coinbase, Robinhood Back Push
• Positive Sentiment: Analyst/upside narrative — Recent analyst interest and coverage (including positive notes and raised targets) continue to support bullish sentiment among some investors. Why Prediction Market Matters
• Neutral Sentiment: New token listings — MegaETH launched across major exchanges including Coinbase without listing fees; listings can drive short-term volume but impact on long‑term revenue is unclear. MegaETH Token Debuts
• Neutral Sentiment: Retail/investor attention — Zacks/Yahoo pieces note elevated investor interest in COIN; attention can amplify moves but doesn’t guarantee fundamentals change. Coinbase Attracting Investor Attention
• Negative Sentiment: Crypto market breadth warning — CNBC reports April’s BTC rally was driven by leveraged derivatives while spot demand contracted, raising the risk that trading volume and real‑money flows (key to Coinbase revenue) could falter. Bitcoin surged in April
• Negative Sentiment: Ongoing regulatory/legal risk — Coverage highlights that a finding that Coinbase acted as a “seller” could have harmful precedents; unresolved SEC-related legal exposure remains a major overhang on valuation. Finding Coinbase a 'Seller' Would Bring Harms
• Negative Sentiment: Near-term earnings risk — Analyst previews expect a decline in upcoming earnings, leaving the stock sensitive to any further misses. Analysts Estimate Earnings Decline

Insiders Place Their Bets

In related news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer owned 377,201 shares in the company, valued at $75,440,200. This represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 394,590 shares of company stock worth $62,508,690. 16.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COIN shares. Zacks Research upgraded Coinbase Global from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 14th. Citizens Jmp lowered their target price on 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. Bank of America lowered their target price on Coinbase Global from $288.00 to $234.00 in a research note on Thursday, April 2nd. President Capital lowered their target price on Coinbase Global from $472.00 to $236.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on Coinbase Global from $399.00 to $290.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 10th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of "Hold" and an average target price of $262.07.

Coinbase Global Stock Performance

COIN opened at $191.25 on Monday. The company has a market cap of $50.51 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 4.33 and a beta of 3.38. The stock has a 50-day moving average of $187.15 and a 200-day moving average of $229.84. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released 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). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business's revenue was down 21.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.68 EPS. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 2.77 earnings per share for the current fiscal year.

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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