Fi3 FINANCIAL ADVISORS LLC Buys New Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Fi3 FINANCIAL ADVISORS LLC acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,211 shares of the cryptocurrency exchange’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in COIN. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Coinbase Global by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock worth $2,561,000 after acquiring an additional 81 shares during the last quarter. Fountainhead AM LLC lifted its stake in Coinbase Global by 2.1% in the 4th quarter. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock valued at $688,000 after purchasing an additional 81 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock valued at $590,000 after buying an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Coinbase Global by 2.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,849 shares of the cryptocurrency exchange’s stock worth $669,000 after buying an additional 90 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Coinbase Global by 34.5% during the fourth quarter. Larson Financial Group LLC now owns 351 shares of the cryptocurrency exchange’s stock worth $61,000 after buying an additional 90 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COIN has been the subject of several research reports. Bank of America increased their target price on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Piper Sandler upped their price target on shares of Coinbase Global from $225.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. raised their price target on shares of Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Oppenheimer boosted their price objective on shares of Coinbase Global from $276.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Mizuho raised their target price on Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $185.48.

Insider Buying and Selling at Coinbase Global

In related news, CAO Jennifer N. Jones sold 1,624 shares of Coinbase Global stock in a transaction on Monday, February 26th. The stock was sold at an average price of $168.75, for a total transaction of $274,050.00. Following the sale, the chief accounting officer now directly owns 29,236 shares in the company, valued at $4,933,575. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brian Armstrong sold 23,075 shares of Coinbase Global stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $147.03, for a total value of $3,392,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer N. Jones sold 1,624 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $168.75, for a total transaction of $274,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,236 shares of the company’s stock, valued at $4,933,575. The disclosure for this sale can be found here. In the last three months, insiders have sold 420,597 shares of company stock worth $86,053,862. Corporate insiders own 33.16% of the company’s stock.

Coinbase Global Stock Down 2.4 %

Shares of NASDAQ COIN traded down $5.60 during mid-day trading on Friday, reaching $223.25. 13,739,132 shares of the company’s stock traded hands, compared to its average volume of 9,158,455. Coinbase Global, Inc. has a 1-year low of $46.43 and a 1-year high of $283.48. The stock has a market cap of $54.09 billion, a P/E ratio of 44.56 and a beta of 3.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day simple moving average of $236.37 and a 200 day simple moving average of $165.79.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, topping the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 10.24% and a net margin of 33.98%. The firm had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. During the same period in the prior year, the business posted ($2.46) earnings per share. The company’s quarterly revenue was up 51.6% compared to the same quarter last year. On average, analysts expect that Coinbase Global, Inc. will post 2.71 EPS for the current fiscal year.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.