Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,238 shares of the cryptocurrency exchange’s stock after purchasing an additional 309 shares during the period. Coinbase Global makes up 20.4% of DGS Capital Management LLC’s holdings, making the stock its biggest position. DGS Capital Management LLC’s holdings in Coinbase Global were worth $81,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Coinbase Global by 14.8% in the second quarter. Envestnet Asset Management Inc. now owns 44,847 shares of the cryptocurrency exchange’s stock worth $9,966,000 after acquiring an additional 5,767 shares during the period. AE Wealth Management LLC raised its stake in shares of Coinbase Global by 17.9% during the 2nd quarter. AE Wealth Management LLC now owns 941 shares of the cryptocurrency exchange’s stock worth $209,000 after buying an additional 143 shares during the period. Sei Investments Co. grew its position in shares of Coinbase Global by 22.3% in the second quarter. Sei Investments Co. now owns 12,128 shares of the cryptocurrency exchange’s stock valued at $2,694,000 after purchasing an additional 2,212 shares during the period. Caxton Associates LP purchased a new stake in shares of Coinbase Global during the second quarter worth about $628,000. Finally, AQR Capital Management LLC lifted its stake in Coinbase Global by 103.8% in the 2nd quarter. AQR Capital Management LLC now owns 30,729 shares of the cryptocurrency exchange’s stock valued at $6,829,000 after buying an additional 15,652 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Trading Up 0.7 %

Shares of COIN stock opened at $298.00 on Friday. The stock has a market capitalization of $74.60 billion, a P/E ratio of 50.85 and a beta of 3.59. Coinbase Global, Inc. has a fifty-two week low of $114.51 and a fifty-two week high of $349.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $290.54 and a 200 day moving average price of $233.72.

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

Insider Activity

In other Coinbase Global news, CFO Alesia J. Haas sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total transaction of $1,521,159.00. Following the sale, the chief financial officer now owns 144,470 shares of the company’s stock, valued at approximately $38,554,708.90. This trade represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer N. Jones sold 1,837 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $295.02, for a total transaction of $541,951.74. Following the completion of the transaction, the chief accounting officer now owns 1,160 shares of the company’s stock, valued at approximately $342,223.20. The trade was a 61.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 367,489 shares of company stock worth $109,624,297. 23.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COIN. Piper Sandler increased their target price on Coinbase Global from $245.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Bank of America raised their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price objective on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Needham & Company LLC lifted their price objective on Coinbase Global from $375.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, HC Wainwright restated a “buy” rating and issued a $295.00 target price on shares of Coinbase Global in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $282.83.

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.