Signature Estate & Investment Advisors LLC Has $30.45 Million Holdings in Coinbase Global, Inc. $COIN

Signature Estate & Investment Advisors LLC cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,644 shares of the cryptocurrency exchange’s stock after selling 31,512 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Coinbase Global were worth $30,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after buying an additional 2,007,930 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $1,626,000. Harvest Portfolios Group Inc. raised its position in shares of Coinbase Global by 21.7% in the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after buying an additional 67,082 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $14,491,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $224,663,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Stock Up 1.2%

Shares of COIN opened at $193.56 on Friday. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company has a market cap of $51.00 billion, a P/E ratio of 72.77, a P/E/G ratio of 6.97 and a beta of 3.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a 50 day simple moving average of $190.76 and a two-hundred day simple moving average of $216.96.

Coinbase Global (NASDAQ:COINGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a net margin of 12.20% and a return on equity of 4.06%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was down 30.5% on a year-over-year basis. Research analysts forecast that Coinbase Global, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COIN shares. HC Wainwright dropped their price target on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Zacks Research upgraded shares of Coinbase Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Mizuho boosted their price target on Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Citizens Jmp dropped their price target on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Finally, Wedbush set a $224.00 price target on Coinbase Global in a research note on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $252.20.

Get Our Latest Stock Report on Coinbase Global

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the transaction, the chief financial officer owned 397,171 shares of the company’s stock, valued at approximately $79,434,200. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 29,990 shares of company stock worth $6,013,920 over the last three months. 16.66% of the stock is currently owned by insiders.

Key Stories Impacting Coinbase Global

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

About Coinbase Global

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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