Handelsbanken Fonder AB Raises Stock Position in Coinbase Global, Inc. $COIN

Handelsbanken Fonder AB increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 31.6% during the 4th quarter, HoldingsChannel reports. The firm owned 77,354 shares of the cryptocurrency exchange’s stock after buying an additional 18,568 shares during the period. Handelsbanken Fonder AB’s holdings in Coinbase Global were worth $17,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. West Family Investments Inc. boosted its holdings in Coinbase Global by 3.3% in the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after purchasing an additional 33 shares during the last quarter. Forvis Mazars Wealth Advisors LLC boosted its holdings in 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 last quarter. Waterfront Wealth Inc. boosted its holdings in Coinbase Global by 4.8% in the third quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock worth $241,000 after purchasing an additional 35 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in Coinbase Global by 2.9% in the third quarter. Howard Capital Management Inc. now owns 1,284 shares of the cryptocurrency exchange’s stock worth $433,000 after purchasing an additional 36 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Coinbase Global by 1.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,913 shares of the cryptocurrency exchange’s stock worth $983,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on COIN shares. Citigroup dropped their target price on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Needham & Company LLC decreased their price target on shares of Coinbase Global from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wedbush set a $224.00 price target on shares of Coinbase Global in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Coinbase Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, President Capital increased their price target on shares of Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and a consensus price target of $252.20.

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. This trade represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 29,990 shares of company stock worth $6,013,920. 16.66% of the stock is owned by company insiders.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase expanded its stablecoin infrastructure business by helping launch USDF with Flipcash on Solana, reinforcing its push into white-label payments, custody, and settlement services. Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch
• Positive Sentiment: Coinbase-backed political spending through Fairshake saw wins in several U.S. state primaries, which may improve the odds of more crypto-friendly policy momentum ahead of the 2026 midterms. Fairshake PAC’s $20M backing pays off in three US state primaries
• Positive Sentiment: Industry commentary highlighted Coinbase as a likely beneficiary of tokenized securities and broader market-structure reform, given its regulatory footprint and institutional infrastructure. Coinbase Global, Inc. (COIN) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: Coinbase was mentioned in a regulatory debate over crypto trust charters, with Senator Elizabeth Warren pressuring the OCC over approvals tied to Coinbase and other firms. This keeps regulatory scrutiny in focus but does not directly change fundamentals yet. Crypto Bank Charter Battle Grows as OCC Clears Coinbase, Ripple, Bitgo and Others
• Neutral Sentiment: Reports about Coinbase-related BTC premium weakness and exchange flow shifts point to softer U.S. crypto demand, which mainly matters as a sentiment indicator for Coinbase’s trading activity. Key Bitcoin price metric used by bulls falls to six-week low, but there’s a silver lining
• Negative Sentiment: Coinbase user security concerns resurfaced after reports that a customer lost millions in crypto theft and laundering involving exchange accounts, which could slightly pressure trust sentiment. Kraken, Coinbase User Hit by $6.7M Crypto Theft and Laundering

Coinbase Global Stock Down 1.1%

COIN opened at $191.29 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 1-year low of $139.36 and a 1-year high of $444.64. The company has a market capitalization of $50.40 billion, a PE ratio of 71.91, a PEG ratio of 7.05 and a beta of 3.38. The firm’s 50 day simple moving average is $190.82 and its two-hundred day simple moving average is $218.01.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a return on equity of 4.06% and a net margin of 12.20%.The firm’s revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. As a group, equities analysts forecast that Coinbase Global, Inc. will post 1.75 EPS for the current year.

About Coinbase Global

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.