Integrated Investment Consultants LLC Buys 250 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Integrated Investment Consultants LLC boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,170 shares of the cryptocurrency exchange’s stock after purchasing an additional 250 shares during the period. Coinbase Global comprises 0.6% of Integrated Investment Consultants LLC’s holdings, making the stock its 12th largest position. Integrated Investment Consultants LLC’s holdings in Coinbase Global were worth $28,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Coinbase Global in the third quarter valued at $25,000. ORG Wealth Partners LLC bought a new position in shares of Coinbase Global in the 3rd quarter valued at about $32,000. Brown Brothers Harriman & Co. increased its position in shares of Coinbase Global by 408.0% in the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock valued at $45,000 after acquiring an additional 204 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in Coinbase Global by 548.5% during the second quarter. Abich Financial Wealth Management LLC now owns 214 shares of the cryptocurrency exchange’s stock worth $48,000 after acquiring an additional 181 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Coinbase Global during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insiders Place Their Bets

In other news, COO Emilie Choi sold 1,500 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $203.30, for a total transaction of $304,950.00. Following the completion of the transaction, the chief operating officer now owns 175,101 shares of the company’s stock, valued at approximately $35,598,033.30. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alesia J. Haas sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $300.00, for a total value of $6,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 124,470 shares in the company, valued at $37,341,000. This trade represents a 13.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,033 shares of company stock worth $102,613,277 over the last ninety days. Corporate insiders own 23.43% of the company’s stock.

Coinbase Global Stock Up 4.9 %

NASDAQ COIN opened at $295.48 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The company has a market cap of $73.97 billion, a price-to-earnings ratio of 50.42 and a beta of 3.59. The company has a 50 day moving average of $291.21 and a 200-day moving average of $231.24. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $349.75.

Coinbase Global (NASDAQ:COIN) last released its earnings results 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). 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 the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue was up 78.8% compared to the same quarter last year. On average, equities research analysts expect that Coinbase Global, Inc. will post 4.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COIN. JMP Securities reiterated a “market outperform” rating and set a $320.00 price objective on shares of Coinbase Global in a research note on Wednesday, October 9th. Monness Crespi & Hardt increased their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Mizuho upped their target price 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. B. Riley initiated coverage on Coinbase Global in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 price target on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Coinbase Global in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $282.83.

Coinbase Global Company 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.