Banco Santander S.A. Lowers Position in Coinbase Global, Inc. $COIN

Banco Santander S.A. lowered its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 22.6% during the third quarter, HoldingsChannel.com reports. The firm owned 72,886 shares of the cryptocurrency exchange’s stock after selling 21,300 shares during the period. Banco Santander S.A.’s holdings in Coinbase Global were worth $24,598,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC acquired a new stake in shares of Coinbase Global during the 3rd quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd boosted its holdings in Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after acquiring an additional 36 shares during the last quarter. Salomon & Ludwin LLC grew its position in Coinbase Global by 4,400.0% during the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 88 shares during the period. Financial Gravity Companies Inc. acquired a new stake in Coinbase Global during the second quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC raised its holdings in shares of Coinbase Global by 300.0% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 100 shares of the cryptocurrency exchange’s stock worth $35,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the subject of a number of research reports. Mizuho decreased their target price on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. President Capital reduced their price target on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group dropped their price objective on shares of Coinbase Global from $310.00 to $264.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Argus reissued a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Finally, BTIG Research decreased their price target on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $270.67.

Coinbase Global Trading Down 1.6%

NASDAQ COIN opened at $181.06 on Friday. The company’s fifty day simple moving average is $207.88 and its 200-day simple moving average is $274.64. The stock has a market cap of $47.81 billion, a P/E ratio of 41.24, a PEG ratio of 2.64 and a beta of 3.70. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. 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 released 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). The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm earned $4.68 EPS. Equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value 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 trade represents a 47.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 513,775 shares of company stock valued at $95,046,092. 16.56% of the stock is currently owned by insiders.

Key Coinbase Global News

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

• Positive Sentiment: Company launched U.S. stock and ETF trading (24/5 availability) as part of its “Everything Exchange” push, widening addressable revenue beyond crypto and drawing an immediate market reaction. Coinbase Expands Into Stocks, Targets ‘Everything Exchange’
• Positive Sentiment: Coinbase rolled out a unified stock + ETF trading product positioning to reach a much larger user base — a strategic diversification that could stabilize fee revenue over time if adoption scales. Coinbase Launches Unified Stock and ETF Trading to Empower One Billion Users
• Positive Sentiment: Legal team pushing back publicly on state actions around prediction markets, signaling an active defense of new product lines and a bid to limit state-level regulatory risk. That defense can reduce execution risk if it gains traction. Coinbase litigation head challenges state “gaslighting” over prediction markets
• Neutral Sentiment: Management will present at the Morgan Stanley TMT conference — a forum where executives often provide color on product rollout progress and monetization timelines; useful for investors seeking execution updates. Coinbase to Participate in Morgan Stanley Technology, Media, and Telecom Conference
• Neutral Sentiment: Coinbase research and public commentary on Bitcoin price bands (key levels ~ $60k and $82k) is shaping trader flow and platform volumes — BTC moves remain a major short-term volume driver for COIN but are not a new risk. Is Bitcoin The Poor Man’s Hedge Against Inflation? Coinbase CEO Thinks So
• Negative Sentiment: Analysts cut price targets this week (President Capital to $236; China Renaissance to $223.20), trimming upside and likely contributing to today’s pullback despite the product news. President Capital Adjusts Price Target on Coinbase Global to $236 from $472, Maintains Buy Rating China Renaissance Lowers Coinbase Global Price Target to $223.20
• Negative Sentiment: Ongoing regulatory uncertainty (CLARITY Act timing and state actions) and the possibility of slower-than-expected monetization of new equity products keep risk-premium elevated for the stock. Coinbase Stock Struggles Amid Gloomy Odds For Clarity Act; Is Coinbase Stock A Sell Now?

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.