Jupiter Asset Management Ltd. Acquires New Holdings in Coinbase Global, Inc. $COIN

Jupiter Asset Management Ltd. bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 11,297 shares of the cryptocurrency exchange’s stock, valued at approximately $3,813,000.

A number of other institutional investors also recently modified their holdings of the company. Capital Advisors Wealth Management LLC grew its stake in Coinbase Global by 2.0% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after buying an additional 30 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Coinbase Global by 37.6% during the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after acquiring an additional 32 shares during the period. StoneX Group Inc. grew its position in shares of Coinbase Global by 1.8% in the second quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock valued at $690,000 after purchasing an additional 34 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in shares of Coinbase Global by 3.4% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after purchasing an additional 34 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Coinbase Global by 17.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 241 shares of the cryptocurrency exchange’s stock worth $81,000 after purchasing an additional 35 shares during the period. Institutional investors own 68.84% of the company’s stock.

Coinbase Global News Summary

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

• Positive Sentiment: Signs of meaningful progress on U.S. crypto regulation (White House meetings and talks on the CLARITY Act) reduce policy uncertainty for Coinbase and its institutional roadmap. White House Talks Over Stalled Crypto Bill Drag on. It Matters for Coinbase.
• Positive Sentiment: Public optimism from allies and Coinbase CEO participation at high‑profile forums (Brian Armstrong with Senator Bernie Moreno) reinforces hopes the CLARITY Act could pass, which would be structurally positive for COIN. US CLARITY Act to pass ‘hopefully by April’: Senator Bernie Moreno
• Positive Sentiment: Product monetization: Coinbase expanded on‑chain loans to accept XRP, DOGE, ADA and LTC as collateral and increased borrowing capacity — a revenue diversification signal and a way to capture more user wallet activity. Coinbase Integrates XRP, DOGE, ADA, LTC for Crypto Loans
• Positive Sentiment: Prediction markets are gaining traction on Coinbase (leadership says the sector outgrew expectations), signaling new product engagement and potential fee streams. EXCLUSIVE: Coinbase Prediction Markets Leader Says He ‘Underpredicted’ How Big The Sector Would Get
• Neutral Sentiment: Study shows community banks experienced net deposit outflows to Coinbase, highlighting customer adoption but also raising questions about banking relationships and regulatory attention. Community banks see net deposit outflows to Coinbase: Study
• Neutral Sentiment: Analyses and commentary about share buybacks are active — buybacks can support the stock but depend on the board’s pace and available cash. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Negative Sentiment: Multiple analyst downgrades and price‑target cuts (Compass Point, Zacks, others) increase selling pressure and highlight concerns about revenue softness and valuation. Compass Point Adjusts Coinbase Global Price Target to $140
• Negative Sentiment: User complaints over delayed/missing Super Bowl promotion payouts raise short‑term trust and customer‑service concerns that could dent user sentiment. Coinbase Super Bowl Payout Complaints Test Trust And Valuation Story
• Neutral Sentiment: Short‑interest reports in the feed show anomalous “0 shares / NaN” figures and do not provide meaningful evidence of a large short squeeze dynamic at present.

Insider Activity at Coinbase Global

In related news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 574,395 shares of company stock valued at $110,451,160 over the last quarter. 16.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

COIN has been the topic of a number of research analyst reports. Piper Sandler lowered their target price on Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. Rothschild & Co Redburn dropped their target price on shares of Coinbase Global from $403.00 to $288.00 and set a “buy” rating on the stock in a research report on Wednesday. Rosenblatt Securities cut their target price on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a research report on Tuesday, January 6th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and an average price target of $281.15.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $171.35 on Friday. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.62 and a beta of 3.70. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The business has a fifty day simple moving average of $213.86 and a 200 day simple moving average of $278.23. 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 (NASDAQ:COIN) last announced 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 business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $4.68 EPS. The company’s quarterly revenue was down 21.6% compared to the same quarter last year. Sell-side analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Coinbase Global 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.