Vestmark Advisory Solutions Inc. Has $13.40 Million Stock Position in Coinbase Global, Inc. $COIN

Vestmark Advisory Solutions Inc. cut its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 55.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,713 shares of the cryptocurrency exchange’s stock after selling 50,371 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Coinbase Global were worth $13,403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Coinbase Global by 672.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after buying an additional 1,015 shares in the last quarter. SP Asset Management LLC bought a new position in Coinbase Global during the second quarter valued at approximately $360,000. Vanguard Group Inc. raised its stake in shares of Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after acquiring an additional 2,007,930 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Coinbase Global by 890.8% in the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after acquiring an additional 28,302 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Coinbase Global in the 2nd quarter valued at $1,137,000. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global News Roundup

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.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Rosenblatt Securities lowered their price target 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. Erste Group Bank downgraded Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Monness Crespi & Hardt lowered Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Thursday, February 12th. Benchmark reduced their price target on Coinbase Global from $421.00 to $267.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Citigroup decreased their price target on Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $281.15.

Coinbase Global Stock Up 3.3%

Shares of NASDAQ:COIN opened at $171.35 on Friday. The stock’s 50-day moving average is $213.86 and its 200 day moving average is $278.23. The company has a market cap of $46.20 billion, a PE ratio of 39.03, a P/E/G ratio of 2.62 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64.

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

Insider Activity at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $257.31, for a total transaction of $10,292,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on 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 directly owned 402,165 shares of the company’s stock, valued at $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 574,395 shares of company stock valued at $110,451,160 over the last three months. Corporate insiders own 16.56% of the company’s stock.

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.