Focus Financial Network Inc. Has $481,000 Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Focus Financial Network Inc. grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 39.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,939 shares of the cryptocurrency exchange’s stock after buying an additional 550 shares during the period. Focus Financial Network Inc.’s holdings in Coinbase Global were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in COIN. CWM LLC increased its stake in shares of Coinbase Global by 4.4% in the third quarter. CWM LLC now owns 6,039 shares of the cryptocurrency exchange’s stock valued at $1,076,000 after buying an additional 253 shares during the period. Inspire Investing LLC grew its stake in Coinbase Global by 33.2% during the third quarter. Inspire Investing LLC now owns 1,587 shares of the cryptocurrency exchange’s stock worth $283,000 after purchasing an additional 396 shares during the period. Creative Planning grew its stake in Coinbase Global by 42.5% during the third quarter. Creative Planning now owns 71,545 shares of the cryptocurrency exchange’s stock worth $12,747,000 after purchasing an additional 21,335 shares during the period. Swedbank AB grew its stake in Coinbase Global by 1.6% during the third quarter. Swedbank AB now owns 46,206 shares of the cryptocurrency exchange’s stock worth $8,233,000 after purchasing an additional 730 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Coinbase Global by 65.9% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,966 shares of the cryptocurrency exchange’s stock worth $885,000 after purchasing an additional 1,972 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Up 8.4 %

COIN stock opened at $298.11 on Friday. Coinbase Global, Inc. has a twelve month low of $146.12 and a twelve month high of $349.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $282.36 and its 200-day moving average is $237.88. The firm has a market capitalization of $74.63 billion, a PE ratio of 50.87 and a beta of 3.61.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. Sell-side analysts expect that Coinbase Global, Inc. will post 4.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian Armstrong sold 58,269 shares of Coinbase Global stock in a transaction on Monday, November 18th. The stock was sold at an average price of $328.00, for a total transaction of $19,112,232.00. Following the sale, the chief executive officer now directly owns 526 shares in the company, valued at approximately $172,528. This trade represents a 99.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Alesia J. Haas sold 5,700 shares of Coinbase Global stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total value of $1,521,159.00. Following the sale, the chief financial officer now owns 144,470 shares in the company, valued at $38,554,708.90. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 386,798 shares of company stock worth $114,707,944. 23.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on COIN shares. Keefe, Bruyette & Woods decreased their target price on Coinbase Global from $275.00 to $255.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Mizuho raised Coinbase Global from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $250.00 to $290.00 in a research note on Wednesday, January 29th. Monness Crespi & Hardt raised their target price on Coinbase Global from $245.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Bank of America raised their target price on Coinbase Global from $196.00 to $214.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, B. Riley began coverage on Coinbase Global in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $185.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Coinbase Global presently has a consensus rating of “Moderate Buy” and an average price target of $286.00.

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.