161,194 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 161,194 shares of the cryptocurrency exchange's stock, valued at approximately $28,035,000. Coinbase Global accounts for about 1.4% of Vestmark Advisory Solutions Inc.'s portfolio, making the stock its 12th biggest position. Vestmark Advisory Solutions Inc. owned about 0.07% of Coinbase Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COIN. Barrett & Company Inc. bought a new stake in Coinbase Global in the fourth quarter worth approximately $26,000. AlphaMark Advisors LLC bought a new stake in Coinbase Global in the fourth quarter worth approximately $33,000. Signature Resources Capital Management LLC bought a new stake in Coinbase Global in the fourth quarter worth approximately $39,000. Harbor Investment Advisory LLC increased its holdings in Coinbase Global by 68.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange's stock worth $43,000 after purchasing an additional 100 shares in the last quarter. Finally, Coston McIsaac & Partners bought a new stake in Coinbase Global in the fourth quarter worth approximately $52,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

Shares of NASDAQ COIN traded down $5.60 during trading on Friday, reaching $223.25. 13,739,132 shares of the stock traded hands, compared to its average volume of 9,158,455. Coinbase Global, Inc. has a 52-week low of $46.43 and a 52-week high of $283.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average of $236.37 and a 200-day moving average of $167.06. The stock has a market capitalization of $54.09 billion, a P/E ratio of 44.56 and a beta of 3.46.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $1.13. The firm had revenue of $953.80 million for the quarter, compared to analysts' expectations of $826.10 million. Coinbase Global had a return on equity of 10.24% and a net margin of 33.98%. The business's revenue for the quarter was up 51.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.46) EPS. Analysts forecast that Coinbase Global, Inc. will post 2.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on COIN shares. Oppenheimer lifted their target price on Coinbase Global from $276.00 to $282.00 and gave the stock an "outperform" rating in a report on Friday. Bank of America boosted their price objective on Coinbase Global from $92.00 to $110.00 and gave the company an "underperform" rating in a report on Wednesday, April 10th. Citigroup boosted their price objective on Coinbase Global from $90.00 to $151.00 and gave the company a "neutral" rating in a report on Friday, January 19th. TheStreet upgraded Coinbase Global from a "d" rating to a "c-" rating in a report on Friday, February 16th. Finally, Raymond James upgraded Coinbase Global from an "underperform" rating to a "market perform" rating in a report on Tuesday, March 12th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $185.48.

Insiders Place Their Bets

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 82,130 shares of the company's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $119.73, for a total value of $9,833,424.90. Following the transaction, the director now directly owns 4,662 shares in the company, valued at approximately $558,181.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Paul Grewal sold 42,113 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $190.34, for a total transaction of $8,015,788.42. Following the transaction, the insider now directly owns 66,122 shares in the company, valued at approximately $12,585,661.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 82,130 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $119.73, for a total value of $9,833,424.90. Following the transaction, the director now owns 4,662 shares in the company, valued at $558,181.26. The disclosure for this sale can be found here. Insiders have sold 420,597 shares of company stock worth $86,053,862 in the last ninety days. 33.16% of the stock is currently owned by insiders.

Coinbase Global 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.