57,232 Shares of Coinbase Global, Inc. $COIN Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 57,232 shares of the cryptocurrency exchange’s stock, valued at approximately $10,669,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its stake in Coinbase Global by 2.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange’s stock valued at $494,000 after purchasing an additional 69 shares during the last quarter. Aspen Grove Capital LLC increased its holdings in Coinbase Global by 2.1% during the 1st quarter. Aspen Grove Capital LLC now owns 3,439 shares of the cryptocurrency exchange’s stock worth $600,000 after purchasing an additional 71 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Coinbase Global by 53.7% in the third quarter. Physician Wealth Advisors Inc. now owns 229 shares of the cryptocurrency exchange’s stock worth $43,000 after purchasing an additional 80 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Coinbase Global by 0.4% in the third quarter. Yousif Capital Management LLC now owns 20,892 shares of the cryptocurrency exchange’s stock worth $3,894,000 after purchasing an additional 80 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Coinbase Global by 45.1% in the third quarter. Armstrong Advisory Group Inc. now owns 280 shares of the cryptocurrency exchange’s stock worth $52,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Coinbase said more than 99% of customer crypto is held in offline cold storage, with distributed signing keys and emergency shutdown controls. The company said the recent Binance hack did not affect its systems or customer funds, a message that may reassure customers and investors about Coinbase’s custody protections. Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
• Positive Sentiment: New Jersey withdrew its cease-and-desist order against Coinbase’s staking program, allowing residents to resume earning staking rewards. This removes one state-level obstacle, though disputes or restrictions remain in four other states. Coinbase Wins New Jersey Staking Fight, but Four States Still Stand in the Way
• Neutral Sentiment: A federal appeals court declined to pause New York and Connecticut actions involving Coinbase’s prediction-market business. The ruling leaves Coinbase’s federal preemption argument unresolved, so the ultimate regulatory outcome remains uncertain. Second Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase
• Negative Sentiment: Morgan Stanley downgraded Coinbase to Underweight and cut its price target from $258 to $120, citing weaker confidence in an earnings recovery, a softer revenue outlook and crypto-market uncertainty. The downgrade adds pressure even as the shares rise. Coinbase gets downgraded for a breach that happened elsewhere

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COIN. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $212.00 target price on shares of Coinbase Global in a research report on Friday, October 30th. Argus reissued a “hold” rating on shares of Coinbase Global in a research report on Wednesday, August 26th. Wells Fargo & Company dropped their price objective on Coinbase Global from $200.00 to $174.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective on shares of Coinbase Global in a research note on Thursday, October 29th. Finally, Needham & Company LLC cut their price objective on shares of Coinbase Global from $205.00 to $197.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $210.97.

Coinbase Global Stock Performance

Shares of Coinbase Global stock opened at $151.50 on Thursday. The business’s fifty day simple moving average is $177.37 and its 200 day simple moving average is $177.25. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $39.97 billion, a P/E ratio of -53.53 and a beta of 3.35. Coinbase Global, Inc. has a 12 month low of $135.46 and a 12 month high of $324.80.

Insider Transactions at Coinbase Global

In other news, CFO Alesia Haas sold 39,030 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $205.24, for a total transaction of $8,010,517.20. Following the completion of the transaction, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. This represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Jones sold 2,062 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 92,120 shares of company stock worth $17,968,544 over the last quarter. 16.66% of the stock is currently owned by corporate insiders.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.