Emory University Takes Position in Coinbase Global, Inc. (NASDAQ:COIN)

Emory University acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,296 shares of the cryptocurrency exchange's stock, valued at approximately $747,000. Coinbase Global makes up about 0.5% of Emory University's holdings, making the stock its 5th biggest position.

A number of other institutional investors have also modified their holdings of the company. Barrett & Company Inc. purchased a new position in Coinbase Global in the fourth quarter valued at $26,000. Ancora Advisors LLC boosted its holdings in Coinbase Global by 144.0% in the fourth quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange's stock valued at $26,000 after purchasing an additional 435 shares during the period. Tyler Stone Wealth Management purchased a new position in Coinbase Global in the second quarter valued at $31,000. AlphaMark Advisors LLC purchased a new position in Coinbase Global in the fourth quarter valued at $33,000. Finally, Bessemer Group Inc. boosted its holdings in Coinbase Global by 100.0% in the fourth quarter. Bessemer Group Inc. now owns 1,000 shares of the cryptocurrency exchange's stock valued at $36,000 after purchasing an additional 500 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COIN has been the subject of a number of recent analyst reports. Bank of America lifted their price target on Coinbase Global from $92.00 to $110.00 and gave the stock an "underperform" rating in a report on Wednesday, April 10th. Sanford C. Bernstein lifted their price target on Coinbase Global from $80.00 to $200.00 and gave the stock a "market perform" rating in a report on Thursday. JMP Securities reaffirmed a "market outperform" rating on shares of Coinbase Global in a report on Friday, March 22nd. Barclays lifted their price target on Coinbase Global from $146.00 to $179.00 and gave the stock an "underweight" rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price target on Coinbase Global from $160.00 to $230.00 and gave the stock a "market perform" rating in a report on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coinbase Global has a consensus rating of "Hold" and an average target price of $165.43.

Coinbase Global Stock Performance

COIN stock traded down $7.07 during trading on Friday, hitting $211.01. The company had a trading volume of 9,363,985 shares, compared to its average volume of 9,448,070. The firm has a market cap of $51.12 billion, a PE ratio of 781.52 and a beta of 3.41. Coinbase Global, Inc. has a 1-year low of $46.43 and a 1-year high of $283.48. The firm has a 50-day moving average price of $224.69 and a 200-day moving average price of $156.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm had revenue of $953.80 million for the quarter, compared to analysts' expectations of $826.10 million. During the same quarter in the previous year, the firm posted ($2.46) EPS. The firm's revenue for the quarter was up 51.6% on a year-over-year basis. On average, analysts expect that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 10,257 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $275.60, for a total transaction of $2,826,829.20. Following the transaction, the insider now owns 66,122 shares in the company, valued at approximately $18,223,223.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coinbase Global news, insider Paul Grewal sold 10,257 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $275.60, for a total transaction of $2,826,829.20. Following the transaction, the insider now owns 66,122 shares in the company, valued at approximately $18,223,223.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 81,530 shares of the business's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $121.29, for a total value of $9,888,773.70. Following the transaction, the director now owns 120,214 shares in the company, valued at approximately $14,580,756.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 607,358 shares of company stock worth $106,945,156. Company insiders own 33.16% of the company's stock.

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.

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