U.S. Capital Wealth Advisors LLC Purchases 971 Shares of Coinbase Global, Inc. $COIN

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Coinbase Global, Inc. by 35.0% during the 2nd quarter, holding a total of 3,747 shares valued at $1,313,000.
• Insiders at Coinbase Global sold a total of 749,515 shares worth approximately $283.99 million over the past three months, with notable sales by CFO Alesia J. Haas and insider Paul Grewal.
• Wall Street analysts have mixed views on Coinbase Global, with a consensus target price of $356.18 and ratings ranging from Buy to Sell.

U.S. Capital Wealth Advisors LLC increased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 35.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,747 shares of the cryptocurrency exchange's stock after acquiring an additional 971 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Coinbase Global were worth $1,313,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Groupama Asset Managment grew its stake in Coinbase Global by 100.0% in the 1st quarter. Groupama Asset Managment now owns 3,000,000 shares of the cryptocurrency exchange's stock valued at $516,690,000 after purchasing an additional 1,500,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Coinbase Global by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 19,294,456 shares of the cryptocurrency exchange's stock worth $3,323,084,000 after purchasing an additional 875,359 shares during the last quarter. Nuveen LLC bought a new position in Coinbase Global during the first quarter valued at $83,454,000. Amundi raised its stake in shares of Coinbase Global by 44.1% in the first quarter. Amundi now owns 1,574,434 shares of the cryptocurrency exchange's stock valued at $268,850,000 after buying an additional 481,786 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Coinbase Global by 1,159.9% during the 4th quarter. Wellington Management Group LLP now owns 328,684 shares of the cryptocurrency exchange's stock worth $81,612,000 after acquiring an additional 302,595 shares during the period. 68.84% of the stock is currently owned by institutional investors.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 4,675 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $322.24, for a total transaction of $1,506,472.00. Following the completion of the transaction, the chief financial officer directly owned 89,220 shares of the company's stock, valued at approximately $28,750,252.80. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $304.52, for a total transaction of $3,045,200.00. Following the sale, the insider owned 82,328 shares of the company's stock, valued at approximately $25,070,522.56. This represents a 10.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 749,515 shares of company stock worth $283,990,425 over the last ninety days. Insiders own 17.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COIN. The Goldman Sachs Group lifted their target price on shares of Coinbase Global from $239.00 to $268.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Mizuho set a $300.00 price target on Coinbase Global in a research report on Thursday, September 18th. Keefe, Bruyette & Woods dropped their price objective on Coinbase Global from $355.00 to $335.00 and set a "market perform" rating on the stock in a report on Monday, August 4th. Rosenblatt Securities restated a "buy" rating and issued a $470.00 target price on shares of Coinbase Global in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt cut Coinbase Global from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. Thirteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $356.18.

Coinbase Global Stock Up 0.5%

COIN opened at $321.77 on Thursday. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64. The company has a current ratio of 2.12, a quick ratio of 2.13 and a debt-to-equity ratio of 0.25. The business's 50-day moving average price is $332.53 and its 200-day moving average price is $273.28. The company has a market cap of $82.68 billion, a P/E ratio of 31.12 and a beta of 3.68.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The cryptocurrency exchange reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.79). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.68 billion. Coinbase Global had a return on equity of 16.02% and a net margin of 40.87%.Coinbase Global's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

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.

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