Coinbase Global, Inc. $COIN Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 41.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,828 shares of the cryptocurrency exchange’s stock after purchasing an additional 7,528 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Coinbase Global were worth $8,717,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COIN. Vanguard Group Inc. lifted its position in shares of Coinbase Global by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after buying an additional 4,914,407 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Coinbase Global by 46.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after buying an additional 1,755,146 shares during the last quarter. Norges Bank acquired a new stake in Coinbase Global during the second quarter worth about $1,044,354,000. Charles Schwab Investment Management Inc. raised its stake in Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after acquiring an additional 504,068 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Coinbase Global by 14.6% in the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock worth $398,374,000 after acquiring an additional 145,047 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In other news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $248.96, for a total value of $9,958,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Grewal sold 976 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total transaction of $253,760.00. Following the completion of the transaction, the insider owned 74,835 shares of the company’s stock, valued at $19,457,100. This trade represents a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 839,554 shares of company stock valued at $248,795,837 over the last quarter. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Trading Down 2.0%

NASDAQ:COIN opened at $240.78 on Friday. The stock has a market cap of $64.92 billion, a price-to-earnings ratio of 20.83 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year high of $444.64. The business has a fifty day moving average of $263.36 and a 200-day moving average of $315.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company’s revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. Equities analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Coinbase Global News Roundup

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

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

Analysts Set New Price Targets

COIN has been the subject of several recent research reports. Erste Group Bank lowered Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Jefferies Financial Group restated a “hold” rating and set a $384.00 price objective on shares of Coinbase Global in a research note on Wednesday, October 29th. Benchmark reaffirmed a “buy” rating on shares of Coinbase Global in a research report on Friday, October 31st. Barclays cut their target price on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Rosenblatt Securities upped their price target on shares of Coinbase Global from $450.00 to $470.00 in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $376.74.

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.