Sepio Capital LP Has $2.16 Million Position in Coinbase Global, Inc. $COIN

Key Points

• Sepio Capital LP increased its position in Coinbase Global by 9.4%, bringing its total holdings to $2.16 million worth of shares.
• Coinbase Global reported a loss of $0.79 per share against analysts' expectations of $0.91 earnings per share, with a revenue of $1.50 billion for the quarter.
• Analysts have varying price targets for Coinbase Global, with Goldman Sachs setting a target of $268.00 while Barclays upgraded their target to $365.00.

Sepio Capital LP boosted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,557 shares of the cryptocurrency exchange's stock after buying an additional 1,077 shares during the period. Sepio Capital LP's holdings in Coinbase Global were worth $2,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vivaldi Capital Management LP boosted its stake in Coinbase Global by 0.3% during the fourth quarter. Vivaldi Capital Management LP now owns 13,843 shares of the cryptocurrency exchange's stock worth $3,437,000 after buying an additional 47 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Coinbase Global by 7.1% in the 1st quarter. Brooklyn Investment Group now owns 720 shares of the cryptocurrency exchange's stock worth $124,000 after purchasing an additional 48 shares during the last quarter. Rede Wealth LLC grew its holdings in shares of Coinbase Global by 0.6% in the 1st quarter. Rede Wealth LLC now owns 8,027 shares of the cryptocurrency exchange's stock worth $1,382,000 after purchasing an additional 50 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Coinbase Global by 7.4% in the 1st quarter. Ancora Advisors LLC now owns 868 shares of the cryptocurrency exchange's stock worth $149,000 after purchasing an additional 60 shares during the last quarter. Finally, Callan Capital LLC grew its holdings in shares of Coinbase Global by 5.1% in the 1st quarter. Callan Capital LLC now owns 1,247 shares of the cryptocurrency exchange's stock worth $215,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.

Coinbase Global Stock Down 2.5%

Shares of NASDAQ:COIN opened at $299.07 on Friday. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64. The company's 50-day moving average price is $344.04 and its two-hundred day moving average price is $264.23. The company has a quick ratio of 2.13, a current ratio of 2.12 and a debt-to-equity ratio of 0.25. The firm has a market cap of $76.84 billion, a P/E ratio of 28.92 and a beta of 3.68.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The cryptocurrency exchange reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.79). Coinbase Global had a return on equity of 16.02% and a net margin of 40.87%.The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $0.14 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 336,265 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $190,732.86. This represents a 99.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 1,180,871 shares of company stock worth $439,493,026. Corporate insiders own 17.65% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on COIN. The Goldman Sachs Group upped their target price on shares of Coinbase Global from $239.00 to $268.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods lowered their target price on shares of Coinbase Global from $355.00 to $335.00 and set a "market perform" rating on the stock in a report on Monday, August 4th. HC Wainwright reaffirmed a "sell" rating and issued a $300.00 target price on shares of Coinbase Global in a report on Friday, August 1st. Wall Street Zen raised shares of Coinbase Global from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Barclays upped their target price on shares of Coinbase Global from $352.00 to $365.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. Thirteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $352.72.

Coinbase Global Company 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.

Want to see what other hedge funds are holding COIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coinbase Global, Inc. (NASDAQ:COIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.