Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,508 shares of the cryptocurrency exchange’s stock after selling 5,000 shares during the period. Whittier Trust Co.’s holdings in Coinbase Global were worth $18,500,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in COIN. RPg Family Wealth Advisory LLC acquired a new stake in shares of Coinbase Global during the 3rd quarter valued at $25,000. Wingate Wealth Advisors Inc. bought a new position in shares of Coinbase Global during the 4th quarter valued at $27,000. Atala Financial Inc bought a new position in shares of Coinbase Global during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coinbase Global by 365.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after purchasing an additional 106 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Coinbase Global by 408.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock valued at $45,000 after purchasing an additional 204 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 25,194 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $298.95, for a total value of $7,531,746.30. Following the completion of the sale, the director now owns 10,417 shares of the company’s stock, valued at approximately $3,114,162.15. This represents a 70.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the completion of the sale, the insider now directly owns 69,407 shares of the company’s stock, valued at $17,816,082.83. The trade was a 12.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,455 shares of company stock valued at $60,955,968 over the last ninety days. Insiders own 23.43% of the company’s stock.

Coinbase Global Trading Up 4.8 %

Shares of NASDAQ COIN opened at $189.75 on Thursday. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75. The company has a market cap of $48.17 billion, a PE ratio of 19.97 and a beta of 3.66. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $250.03 and a two-hundred day moving average of $240.77.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group cut their price target on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. HC Wainwright restated a “buy” rating and set a $350.00 price target on shares of Coinbase Global in a report on Friday, February 21st. Canaccord Genuity Group lifted their target price on shares of Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Piper Sandler lifted their target price on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.78.

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.