Fountainhead AM LLC Has $688,000 Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Fountainhead AM LLC boosted its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,957 shares of the cryptocurrency exchange’s stock after buying an additional 81 shares during the period. Fountainhead AM LLC’s holdings in Coinbase Global were worth $688,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates grew its stake in Coinbase Global by 65.5% in the 4th quarter. Raymond James & Associates now owns 24,165 shares of the cryptocurrency exchange’s stock valued at $4,203,000 after buying an additional 9,564 shares during the last quarter. Mariner LLC grew its stake in Coinbase Global by 5.4% in the 3rd quarter. Mariner LLC now owns 82,582 shares of the cryptocurrency exchange’s stock valued at $6,200,000 after buying an additional 4,259 shares during the last quarter. Masso Torrence Wealth Management Inc. acquired a new position in Coinbase Global in the 4th quarter valued at about $302,000. Itau Unibanco Holding S.A. grew its stake in Coinbase Global by 10.0% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,374 shares of the cryptocurrency exchange’s stock valued at $103,000 after buying an additional 125 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in Coinbase Global in the 4th quarter valued at about $1,035,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 81,530 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $121.29, for a total value of $9,888,773.70. Following the completion of the transaction, the director now directly owns 120,214 shares in the company, valued at approximately $14,580,756.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Paul Grewal sold 10,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $121.02, for a total transaction of $1,210,200.00. Following the completion of the sale, the insider now directly owns 61,665 shares in the company, valued at $7,462,698.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 81,530 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $121.29, for a total transaction of $9,888,773.70. Following the sale, the director now owns 120,214 shares of the company’s stock, valued at $14,580,756.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 607,358 shares of company stock worth $106,945,156. 33.16% of the stock is currently owned by company insiders.

Coinbase Global Price Performance

NASDAQ:COIN traded up $10.57 on Tuesday, hitting $236.43. The company had a trading volume of 7,283,624 shares, compared to its average volume of 13,764,534. The stock has a market capitalization of $57.28 billion, a price-to-earnings ratio of 875.67 and a beta of 3.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $228.18 and a two-hundred day moving average of $158.91. Coinbase Global, Inc. has a 52 week low of $46.43 and a 52 week high of $283.48.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The business had revenue of $953.80 million during the quarter, compared to the consensus estimate of $826.10 million. During the same quarter in the prior year, the firm earned ($2.46) EPS. The firm’s revenue was up 51.6% compared to the same quarter last year. On average, research analysts anticipate that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on COIN shares. Citigroup increased their target price on shares of Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Bank of America increased their target price on shares of Coinbase Global from $92.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Barclays increased their target price on shares of Coinbase Global from $146.00 to $179.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Canaccord Genuity Group restated a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a research report on Thursday, March 28th. Finally, TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $165.43.

Coinbase Global Profile

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.