Stephens Consulting LLC Has $186,000 Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Stephens Consulting LLC raised its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 200.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 750 shares of the cryptocurrency exchange’s stock after buying an additional 500 shares during the quarter. Stephens Consulting LLC’s holdings in Coinbase Global were worth $186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in COIN. Empowered Funds LLC lifted its position in shares of Coinbase Global by 0.8% in the 3rd quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock valued at $924,000 after acquiring an additional 43 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of Coinbase Global by 3.2% in the fourth 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 in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Coinbase Global by 9.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock worth $106,000 after buying an additional 51 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of Coinbase Global by 2.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,625 shares of the cryptocurrency exchange’s stock valued at $652,000 after buying an additional 51 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Coinbase Global by 2.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,029 shares of the cryptocurrency exchange’s stock valued at $504,000 after buying an additional 56 shares during the period. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In other news, insider Lawrence J. Brock sold 4,635 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $250.00, for a total transaction of $1,158,750.00. Following the completion of the transaction, the insider now owns 18,525 shares of the company’s stock, valued at approximately $4,631,250. This represents a 20.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 10,216 shares of Coinbase Global stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $310.14, for a total value of $3,168,390.24. Following the sale, the director now directly owns 10,417 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 376,205 shares of company stock worth $112,487,737. Company insiders own 23.43% of the company’s stock.

Coinbase Global Stock Down 2.4 %

Coinbase Global stock opened at $284.41 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a fifty-two week low of $114.51 and a fifty-two week high of $349.75. The firm has a fifty day moving average price of $287.44 and a two-hundred day moving average price of $236.16. The firm has a market cap of $71.20 billion, a price-to-earnings ratio of 48.53 and a beta of 3.61.

Analysts Set New Price Targets

Several equities analysts have weighed in on COIN shares. The Goldman Sachs Group lowered their target price on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. JMP Securities reiterated a “market outperform” rating and issued a $320.00 price objective on shares of Coinbase Global in a research note on Wednesday, October 9th. Piper Sandler lifted their target price on shares of Coinbase Global from $245.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Needham & Company LLC upped their price target on shares of Coinbase Global from $375.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Bank of America lifted their price objective on Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $289.06.

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.