Foundations Investment Advisors LLC Has $5.83 Million Holdings in Coinbase Global, Inc. $COIN

Foundations Investment Advisors LLC lifted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 15.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,767 shares of the cryptocurrency exchange’s stock after acquiring an additional 3,449 shares during the period. Foundations Investment Advisors LLC’s holdings in Coinbase Global were worth $5,827,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of COIN. REAP Financial Group LLC acquired a new position in shares of Coinbase Global in the third quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in shares of Coinbase Global in the third quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Coinbase Global in the third quarter valued at about $35,000. Cloud Capital Management LLC acquired a new position in shares of Coinbase Global in the third quarter valued at about $36,000. Finally, Stephens Consulting LLC grew its stake in shares of Coinbase Global by 99.0% in the fourth quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

More Coinbase Global News

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

• Positive Sentiment: Coinbase expanded its institutional fiat infrastructure through a partnership with Standard Chartered, adding multi-currency funding and settlement rails for AUD, SGD, CAD, CHF, EUR and GBP. This could make it easier for global institutions to move money onto and off the platform, supporting trading volumes and Coinbase’s international growth. Coinbase, Standard Chartered Partner to Add 6 Currency Access
• Positive Sentiment: Coinbase’s Base network launched an AI-focused wallet integration tool that lets assistants like ChatGPT and Claude interact with crypto wallets and execute on-chain actions. Investors may view this as a new growth avenue tied to AI-enabled crypto usage. Base launches new tool to connect crypto wallets to AI agents
• Positive Sentiment: CEO Brian Armstrong said Coinbase’s new Direct Deposit feature is live, allowing users to route part of their paycheck directly into crypto purchases. That could improve customer engagement and make recurring buying easier. Brian Armstrong Says You Can Now Route Your Paycheck Directly To Coinbase For Automatic Crypto Investments
• Positive Sentiment: Goldman Sachs raised its price target on Coinbase and kept a buy rating, reinforcing the view that analysts still see meaningful upside from current levels. Goldman Sachs adjusts price target on Coinbase Global
• Neutral Sentiment: Some market commentary says Coinbase may still be range-bound and dependent on a stronger crypto market, so product news alone may not be enough to sustain momentum. Stock Of The Day: Is This The New Range For Coinbase
• Neutral Sentiment: Recent crypto headlines also point to weaker Bitcoin demand and negative Coinbase Premium readings, which could weigh on near-term trading activity. Sell in May and Walk Away” Plays Out as Bitcoin Flashes Bearish Signals
• Negative Sentiment: Insider Lawrence J. Brock sold shares under a pre-arranged trading plan, which may still be read cautiously by investors even though it does not necessarily signal a change in fundamentals. Coinbase insider trade filing

Insider Buying and Selling

In other news, insider Lawrence J. Brock sold 6,616 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the sale, the insider directly owned 517 shares in the company, valued at approximately $97,718.17. This trade represents a 92.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief financial officer owned 377,201 shares in the company, valued at approximately $75,440,200. The trade was a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 36,606 shares of company stock worth $7,264,410. 16.66% of the stock is currently owned by corporate insiders.

Coinbase Global Trading Up 4.9%

Shares of Coinbase Global stock opened at $182.25 on Friday. The company has a market capitalization of $48.02 billion, a price-to-earnings ratio of 68.52, a PEG ratio of 6.13 and a beta of 3.38. The company has a quick ratio of 2.34, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The firm’s 50-day moving average price is $188.86 and its two-hundred day moving average price is $212.34.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, analysts forecast that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on COIN. Cantor Fitzgerald upped their price target on shares of Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Compass Point reduced their price objective on shares of Coinbase Global from $190.00 to $140.00 and set a “sell” rating on the stock in a research note on Friday, February 20th. Canaccord Genuity Group reduced their price objective on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Monness Crespi & Hardt reiterated a “sell” rating and set a $110.00 price objective (down from $115.00) on shares of Coinbase Global in a research note on Friday, May 8th. Finally, Barclays reduced their price objective on shares of Coinbase Global from $140.00 to $107.00 and set an “underweight” rating on the stock in a research note on Friday, May 8th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $252.10.

About Coinbase Global

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.