Lincoln National Corp Has $1.82 Million Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Lincoln National Corp increased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 194.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,456 shares of the cryptocurrency exchange's stock after acquiring an additional 6,900 shares during the quarter. Lincoln National Corp's holdings in Coinbase Global were worth $1,819,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of COIN. Barrett & Company Inc. purchased a new position in shares of Coinbase Global in the 4th quarter valued at approximately $26,000. AlphaMark Advisors LLC purchased a new position in shares of Coinbase Global in the fourth quarter worth $33,000. Signature Resources Capital Management LLC acquired a new stake in shares of Coinbase Global during the fourth quarter worth $39,000. Harbor Investment Advisory LLC grew its holdings in shares of Coinbase Global by 68.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange's stock valued at $43,000 after buying an additional 100 shares during the last quarter. Finally, Coston McIsaac & Partners acquired a new position in shares of Coinbase Global in the 4th quarter valued at $52,000. Institutional investors own 68.84% of the company's stock.

Analyst Upgrades and Downgrades

COIN has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price target on Coinbase Global from $230.00 to $240.00 and gave the stock a "market perform" rating in a research report on Friday, May 3rd. Barclays increased their price target on shares of Coinbase Global from $179.00 to $204.00 and gave the stock an "underweight" rating in a report on Monday. Canaccord Genuity Group lifted their price objective on shares of Coinbase Global from $240.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. Sanford C. Bernstein upped their price objective on shares of Coinbase Global from $80.00 to $200.00 and gave the company a "market perform" rating in a report on Thursday, April 18th. Finally, Citigroup raised their target price on shares of Coinbase Global from $90.00 to $151.00 and gave the stock a "neutral" rating in a report on Friday, January 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $193.85.

Coinbase Global Price Performance

NASDAQ COIN traded down $3.14 on Wednesday, hitting $211.20. The company had a trading volume of 4,588,654 shares, compared to its average volume of 13,136,091. The company has a market capitalization of $51.17 billion, a PE ratio of 42.16 and a beta of 3.46. The company's fifty day moving average price is $237.33 and its 200-day moving average price is $169.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.02 and a quick ratio of 1.02. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. The company had revenue of $953.80 million during the quarter, compared to analyst estimates of $826.10 million. During the same period in the previous year, the business earned ($2.46) EPS. Coinbase Global's quarterly revenue was up 51.6% on a year-over-year basis. As a group, analysts predict that Coinbase Global, Inc. will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In other Coinbase Global news, CEO Brian Armstrong sold 23,075 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $224.13, for a total value of $5,171,799.75. Following the transaction, the chief executive officer now owns 526 shares of the company's stock, valued at $117,892.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Paul Grewal sold 42,113 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $190.34, for a total transaction of $8,015,788.42. Following the sale, the insider now owns 66,122 shares of the company's stock, valued at $12,585,661.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Armstrong sold 23,075 shares of Coinbase Global stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $224.13, for a total transaction of $5,171,799.75. Following the completion of the transaction, the chief executive officer now owns 526 shares of the company's stock, valued at approximately $117,892.38. The disclosure for this sale can be found here. Insiders sold a total of 361,542 shares of company stock valued at $81,392,237 over the last quarter. 33.16% of the stock is owned by insiders.

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.