HighTower Advisors LLC Has $32.53 Million Stock Holdings in Coinbase Global, Inc. $COIN

HighTower Advisors LLC boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 283.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 96,396 shares of the cryptocurrency exchange’s stock after acquiring an additional 71,279 shares during the period. HighTower Advisors LLC’s holdings in Coinbase Global were worth $32,533,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after buying an additional 4,914,407 shares during the last quarter. Geode Capital Management LLC raised its stake in Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares during the period. Norges Bank bought a new stake in Coinbase Global in the 2nd quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. lifted its holdings in Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Coinbase Global by 14.6% during the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock worth $398,374,000 after purchasing an additional 145,047 shares during the period. Institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the transaction, the chief financial officer owned 402,165 shares of the company’s stock, valued at $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 574,395 shares of company stock valued at $110,451,160. 16.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. China Renaissance dropped their price objective on shares of Coinbase Global from $479.30 to $301.50 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Monness Crespi & Hardt cut shares of Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Thursday, February 12th. Argus restated a “hold” rating on shares of Coinbase Global in a report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a research report on Friday, January 9th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.82.

Coinbase Global Stock Down 1.2%

Shares of COIN opened at $164.05 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The firm’s 50 day moving average is $217.84 and its 200-day moving average is $280.18. The stock has a market capitalization of $44.24 billion, a PE ratio of 37.37 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $4.68 earnings per share. The company’s quarterly revenue was down 21.6% on a year-over-year basis. Equities research analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.

More Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Company buybacks: Coinbase disclosed ~8 million shares repurchased last quarter, which reduces dilution and can support EPS over time. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Positive Sentiment: Institutional buying: Reports say ARK Investment resumed purchases of Coinbase shares, signaling some continued institutional appetite. This can provide support amid retail volatility. Riot Rises On Activist Data Center Proposal, ARK Resumes Coinbase Buys
• Positive Sentiment: Base moves to own stack: Base (Coinbase-backed L2) is transitioning off Optimism’s stack to a unified, in-house architecture to speed upgrades and simplify the sequencer — a structural long-term positive for product control and developer velocity. Coinbase’s Base transitions to its own architecture with eye on streamlining
• Neutral Sentiment: CEO regulatory outreach: Brian Armstrong’s CNBC interview (with Senator Moreno) reiterates Coinbase’s push for clearer US crypto rules — constructive for the regulatory outlook but unlikely to change near-term fundamentals. Watch CNBC’s full interview with Coinbase CEO Brian Armstrong and U.S. Senator Bernie Moreno
• Neutral Sentiment: Stablecoin positioning: CryptoQuant data shows Coinbase holds ~8% of CEX stablecoin reserves (vs. Binance’s 65%). It highlights scale limits vs. Binance but also room to grow; relevance is strategic rather than immediate. 65% of CEX Stablecoins Sit on Binance as Exchange Reserves Hit $47.5B, CryptoQuant Reports
• Negative Sentiment: Earnings miss and revenue decline: Q4 adjusted EPS and revenue missed expectations (EPS 66c vs. est. 86c; revenue down ~22% YoY), and recent commentary included a loss per share — fundamentals remain pressured. Coinbase Global, Inc. (COIN) Reports Q4 Adjusted EPS of 66 cents Compared to the 86 cents Estimate
• Negative Sentiment: Analyst downgrades/target cuts: Multiple firms trimmed price targets (Rothschild & Co Redburn to $288; Goldman to $264; Mizuho to $170), which weighs on investor expectations despite some shops keeping “buy” or “neutral” ratings. Rothschild & Co Redburn Adjusts Price Target on Coinbase Global to $288 Goldman Sachs Lowers PT Mizuho Lowers PT to $170
• Negative Sentiment: Security incident on Base: Moonwell was exploited after a cbETH oracle misprice (cbETH = Coinbase Wrapped Staked ETH), raising smart-contract/oracle risk concerns tied to assets linked to Coinbase. That may increase scrutiny around cbETH and DeFi integrations. Moonwell hit by $1.78M exploit as AI vibe coding debate reaches DeFi
• Negative Sentiment: Zacks added COIN to Strong Sell list, which can pressure sentiment and flow-sensitive ETFs or quant funds. New Strong Sell Stocks for February 18th

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.