Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 2,578.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,095 shares of the cryptocurrency exchange's stock after buying an additional 52,075 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Coinbase Global were worth $13,432,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. raised its position in Coinbase Global by 17.7% in the 4th quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange's stock valued at $66,000 after buying an additional 40 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Coinbase Global by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange's stock valued at $239,000 after acquiring an additional 40 shares during the period. Yousif Capital Management LLC raised its holdings in Coinbase Global by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange's stock valued at $635,000 after acquiring an additional 44 shares during the period. IPG Investment Advisors LLC increased its stake in shares of Coinbase Global by 2.0% during the fourth quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange's stock worth $561,000 after purchasing an additional 45 shares during the period. Finally, Vivaldi Capital Management LP boosted its position in shares of Coinbase Global by 0.3% in the fourth quarter. Vivaldi Capital Management LP now owns 13,843 shares of the cryptocurrency exchange's stock valued at $3,437,000 after acquiring an additional 47 shares during the period. Institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Performance

NASDAQ:COIN traded down $5.45 on Thursday, reaching $248.84. 7,666,571 shares of the company's stock were exchanged, compared to its average volume of 10,183,909. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $349.75. The firm has a market cap of $63.18 billion, a price-to-earnings ratio of 26.19 and a beta of 3.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a fifty day simple moving average of $203.87 and a 200-day simple moving average of $246.61.

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 the consensus estimate of $2.18 by ($0.24). Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on COIN shares. Mizuho dropped their price target on Coinbase Global from $280.00 to $217.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. JMP Securities reiterated a "market outperform" rating and set a $400.00 price target on shares of Coinbase Global in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price objective on shares of Coinbase Global from $276.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. 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 research note on Monday, May 12th. Finally, Benchmark boosted their target price on Coinbase Global from $252.00 to $301.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $266.10.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 12,931 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $267.29, for a total value of $3,456,326.99. Following the transaction, the insider now owns 84,280 shares in the company, valued at approximately $22,527,201.20. The trade was a 13.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alesia J. Haas sold 7,575 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the transaction, the chief financial officer now owns 114,866 shares in the company, valued at approximately $22,973,200. This represents a 6.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 170,717 shares of company stock valued at $36,801,351. 17.65% of the stock is currently owned by corporate insiders.

About Coinbase Global

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.