Spire Wealth Management Has $983,000 Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Spire Wealth Management decreased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,960 shares of the cryptocurrency exchange’s stock after selling 364 shares during the period. Spire Wealth Management’s holdings in Coinbase Global were worth $983,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC increased its holdings in shares of Coinbase Global by 15.2% during the fourth quarter. DAVENPORT & Co LLC now owns 2,892 shares of the cryptocurrency exchange’s stock worth $718,000 after buying an additional 382 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Coinbase Global during the fourth quarter worth approximately $1,149,000. Western Financial Corp CA acquired a new stake in shares of Coinbase Global during the fourth quarter worth approximately $459,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Coinbase Global during the fourth quarter worth approximately $301,000. Finally, Waldron Private Wealth LLC increased its holdings in shares of Coinbase Global by 6.5% during the fourth quarter. Waldron Private Wealth LLC now owns 2,557 shares of the cryptocurrency exchange’s stock worth $635,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on COIN shares. JMP Securities reissued a “market outperform” rating and set a $320.00 price target on shares of Coinbase Global in a research note on Wednesday, October 9th. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 price target on shares of Coinbase Global in a research note on Thursday, October 31st. Bank of America increased their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, B. Riley started coverage on shares of Coinbase Global in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 price target on the stock. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $289.06.

Insider Transactions at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $307.80, for a total value of $2,186,611.20. Following the completion of the sale, the insider now owns 79,407 shares of the company’s stock, valued at $24,441,474.60. The trade was a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $298.31, for a total transaction of $447,465.00. Following the completion of the transaction, the chief operating officer now owns 177,576 shares of the company’s stock, valued at $52,972,696.56. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 371,570 shares of company stock worth $111,328,987 in the last ninety days. Insiders own 23.43% of the company’s stock.

Coinbase Global Stock Down 1.4 %

Coinbase Global stock opened at $280.39 on Wednesday. The firm has a market capitalization of $70.20 billion, a PE ratio of 47.85 and a beta of 3.61. The company’s 50-day moving average is $287.18 and its 200-day moving average is $236.32. 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 current ratio of 1.03 and a quick ratio of 1.03.

About Coinbase Global

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.