1,067 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC purchased a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,067 shares of the cryptocurrency exchange’s stock, valued at approximately $265,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ballentine Partners LLC increased its stake in Coinbase Global by 4.5% in the fourth quarter. Ballentine Partners LLC now owns 3,463 shares of the cryptocurrency exchange’s stock valued at $860,000 after purchasing an additional 150 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Coinbase Global in the fourth quarter valued at approximately $278,000. Harbor Investment Advisory LLC increased its stake in Coinbase Global by 15.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 737 shares of the cryptocurrency exchange’s stock valued at $183,000 after purchasing an additional 99 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Coinbase Global by 365.5% in the fourth 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 during the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Coinbase Global in the fourth quarter valued at approximately $252,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 20,000 shares of the business’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 transaction, the chief financial officer now owns 124,470 shares of the company’s stock, valued at approximately $37,341,000. The trade was a 13.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 58,269 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $328.00, for a total transaction of $19,112,232.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $172,528. The trade was a 99.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 347,033 shares of company stock valued at $102,613,277 in the last 90 days. 23.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on COIN. Barclays increased their price target on shares of Coinbase Global from $204.00 to $355.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Needham & Company LLC lifted their target price on shares of Coinbase Global from $375.00 to $420.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler lifted their target price on shares of Coinbase Global from $245.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Bank of America lifted their target price on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Oppenheimer cut their target price on shares of Coinbase Global from $358.00 to $334.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Coinbase Global has a consensus rating of “Hold” and a consensus target price of $282.83.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $294.19 on Wednesday. The firm has a market capitalization of $73.65 billion, a P/E ratio of 50.20 and a beta of 3.59. Coinbase Global, Inc. has a one year low of $114.51 and a one year high of $349.75. The company’s fifty day moving average is $290.14 and its two-hundred day moving average is $232.30. 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 (NASDAQ:COIN) last issued its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. Coinbase Global’s revenue for the quarter was up 78.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Analysts forecast that Coinbase Global, Inc. will post 4.69 EPS for the current fiscal year.

Coinbase Global 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.