Coinbase Global, Inc. (NASDAQ:COIN) Stock Holdings Lessened by Inspire Investing LLC

Inspire Investing LLC lowered its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,044 shares of the cryptocurrency exchange’s stock after selling 543 shares during the period. Inspire Investing LLC’s holdings in Coinbase Global were worth $259,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC raised its stake in Coinbase Global by 0.8% during the 3rd quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock valued at $924,000 after purchasing an additional 43 shares during the period. Capital Advisors Wealth Management LLC raised its stake in Coinbase Global by 3.2% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after purchasing an additional 45 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Coinbase Global by 9.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after purchasing an additional 51 shares during the period. Pallas Capital Advisors LLC raised its stake in Coinbase Global by 2.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,625 shares of the cryptocurrency exchange’s stock valued at $652,000 after purchasing an additional 51 shares during the period. Finally, Brooklyn Investment Group raised its stake in Coinbase Global by 3.9% during the 3rd quarter. Brooklyn Investment Group now owns 1,760 shares of the cryptocurrency exchange’s stock valued at $314,000 after purchasing an additional 66 shares during the period. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling

In other news, COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $203.30, for a total transaction of $304,950.00. Following the completion of the sale, the chief operating officer now owns 175,101 shares of the company’s stock, valued at approximately $35,598,033.30. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 10,216 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $310.14, for a total transaction of $3,168,390.24. Following the sale, the director now directly owns 10,417 shares in the company, valued at $3,230,728.38. This trade represents a 49.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 377,705 shares of company stock valued at $112,792,687 over the last quarter. Corporate insiders own 23.43% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $320.00 price target on shares of Coinbase Global in a report on Wednesday, October 9th. Oppenheimer lowered their price target on shares of Coinbase Global from $358.00 to $334.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Barclays boosted their price target on shares of Coinbase Global from $204.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Mizuho boosted their price target on shares of Coinbase Global from $160.00 to $178.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Finally, Bank of America boosted their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $282.83.

Coinbase Global Stock Up 1.4 %

Shares of COIN opened at $281.82 on Wednesday. The company has a 50-day simple moving average of $288.73 and a 200-day simple moving average of $234.81. The firm has a market capitalization of $70.55 billion, a P/E ratio of 48.09 and a beta of 3.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 52 week low of $114.51 and a 52 week high of $349.75.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted ($0.01) EPS. The firm’s quarterly revenue was up 78.8% on a year-over-year basis. On average, equities research analysts expect that Coinbase Global, Inc. will post 4.81 earnings per share for the current year.

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.