Federated Hermes Inc. Sells 240,379 Shares of Coinbase Global, Inc. $COIN

Federated Hermes Inc. lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 96.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,818 shares of the cryptocurrency exchange’s stock after selling 240,379 shares during the quarter. Federated Hermes Inc.’s holdings in Coinbase Global were worth $2,638,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Coinbase Global by 24.2% in the first quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock valued at $365,000 after acquiring an additional 413 shares during the last quarter. Empowered Funds LLC lifted its stake in Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after purchasing an additional 1,761 shares during the last quarter. Focus Partners Wealth grew its holdings in Coinbase Global by 9.9% during the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after purchasing an additional 467 shares during the period. Sivia Capital Partners LLC acquired a new position in Coinbase Global during the second quarter worth approximately $285,000. Finally, Ameritas Advisory Services LLC acquired a new position in Coinbase Global during the second quarter worth approximately $227,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COIN has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. The Goldman Sachs Group lifted their price objective on Coinbase Global from $303.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $440.00 price target on shares of Coinbase Global in a research report on Tuesday, January 6th. Finally, President Capital lifted their target price on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $356.27.

Coinbase Global Stock Down 4.4%

Coinbase Global stock opened at $179.66 on Wednesday. The firm has a market capitalization of $48.44 billion, a price-to-earnings ratio of 15.54 and a beta of 3.70. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64. The firm’s fifty day moving average price is $242.09 and its two-hundred day moving average price is $296.67.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase launched a U.S.-regulated prediction market platform through its CFTC-regulated arm — a new product line that could drive trading volume and fees if it scales. Coinbase Launches Prediction Market Across US as SUBBD Explodes
• Positive Sentiment: Ark Invest (Cathie Wood) added Coinbase to its purchases, signaling institutional interest that can support near-term demand for the stock. Cathie Wood Loads Up On Coinbase, Circle, Robinhood
• Positive Sentiment: Analyst commentary (MarketBeat) frames Coinbase’s pivot into derivatives/prediction markets (and its Deribit integration) as a strategic revenue diversification away from spot trading. That thesis supports upside if trading churn rises. From Holding to Hedging: The “Crypto Casino” Trade Is Taking Over
• Neutral Sentiment: Regulatory clarity efforts (push for the CLARITY Act and expanded CFTC authority) could help Coinbase long term, but legislative timing and scope remain uncertain. SEC’s Paul Atkins Pushes Congress to Sign CLARITY Act
• Negative Sentiment: Nevada’s Gaming Control Board filed a civil enforcement action seeking to stop Coinbase from offering certain event/sports contracts in the state and asked for injunctive relief — a material legal risk that could restrict the rollout and raise compliance costs. Nevada authorities file lawsuit against Coinbase over unlicensed wagering
• Negative Sentiment: Newly released DOJ emails and reporting suggest Jeffrey Epstein held an early Coinbase stake and realized large gains — a reputational issue that may pressure sentiment and invite further scrutiny. Jeffrey Epstein Was an Early Investor in Coinbase, Emails Reveal
• Negative Sentiment: Broader crypto weakness — Bitcoin sliding to fresh 2026 lows — is depressing trading volumes across exchanges and has pressured Coinbase shares as part of the sector decline. Bitcoin Dropped to Prices Last Seen in 2024 as Crypto-Linked Stocks Extended Falls

Insider Buying and Selling

In related news, COO Emilie Choi sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the sale, the chief operating officer owned 187,802 shares of the company’s stock, valued at approximately $58,383,885.76. This represents a 34.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 795,587 shares of company stock valued at $232,280,330. 16.56% of the stock is owned by insiders.

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.