Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Realta Investment Advisors

Realta Investment Advisors boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 63.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,684 shares of the cryptocurrency exchange’s stock after acquiring an additional 2,598 shares during the period. Realta Investment Advisors’ holdings in Coinbase Global were worth $1,809,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Coinbase Global in the third quarter valued at $25,000. ORG Wealth Partners LLC purchased a new position in Coinbase Global in the 3rd quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $34,000 after purchasing an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Coinbase Global by 408.0% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after buying an additional 204 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Coinbase Global in the third quarter valued at approximately $55,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COIN has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Mizuho raised Coinbase Global from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $250.00 to $290.00 in a research report on Wednesday, January 29th. Barclays increased their target price on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Needham & Company LLC dropped their price objective on shares of Coinbase Global from $420.00 to $330.00 and set a “buy” rating for the company in a research note on Friday. Finally, Oppenheimer decreased their target price on shares of Coinbase Global from $358.00 to $334.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Moderate Buy” and a consensus target price of $284.06.

Coinbase Global Price Performance

COIN stock opened at $270.37 on Friday. The firm has a market cap of $67.69 billion, a P/E ratio of 46.14 and a beta of 3.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 1 year low of $114.51 and a 1 year high of $349.75. The stock has a 50-day simple moving average of $285.66 and a 200-day simple moving average of $236.83.

Insiders Place Their Bets

In related news, insider Paul Grewal sold 7,104 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $307.80, for a total value of $2,186,611.20. Following the completion of the transaction, the insider now owns 79,407 shares of the company’s stock, valued at approximately $24,441,474.60. This represents a 8.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 15,228 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $280.51, for a total value of $4,271,606.28. Following the sale, the director now owns 10,417 shares of the company’s stock, valued at approximately $2,922,072.67. This trade represents a 59.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 401,798 shares of company stock worth $119,826,444 in the last 90 days. 23.43% of the stock is owned by company insiders.

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.