Patient Capital Management LLC Lowers Holdings in Coinbase Global, Inc. $COIN

Patient Capital Management LLC lowered its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,736 shares of the cryptocurrency exchange’s stock after selling 31,764 shares during the period. Coinbase Global comprises approximately 2.3% of Patient Capital Management LLC’s holdings, making the stock its 20th largest holding. Patient Capital Management LLC owned about 0.07% of Coinbase Global worth $57,959,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares during the period. Norges Bank purchased a new stake in Coinbase Global during the second quarter worth $1,044,354,000. Geode Capital Management LLC boosted its position in 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 acquiring an additional 1,755,146 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after acquiring an additional 504,068 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Coinbase Global by 1,647.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 507,318 shares of the cryptocurrency exchange’s stock worth $171,215,000 after acquiring an additional 478,281 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $227.73 on Wednesday. The company has a 50 day simple moving average of $253.71 and a two-hundred day simple moving average of $309.42. The stock has a market cap of $61.41 billion, a price-to-earnings ratio of 19.70 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 12 month low of $142.58 and a 12 month high of $444.64.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion during 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 firm’s revenue was up 55.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. As a group, analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $309.92, for a total value of $85,870,774.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian Armstrong sold 40,000 shares of the firm’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. Over the last ninety days, insiders sold 820,587 shares of company stock valued at $240,717,580. 16.56% of the stock is owned by company insiders.

Coinbase Global News Roundup

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

• Positive Sentiment: Bermuda partnership — Coinbase announced support for Bermuda’s plan to build a “fully on‑chain” national economy with Circle, using USDC and Coinbase’s Base infrastructure; this is a material commercialization and adoption opportunity for Coinbase’s on‑chain payments, tokenization tools and Base network. Bermuda partners with Coinbase and Circle for ‘fully onchain‘ economy
• Positive Sentiment: Analyst upgrade — Bank of America upgraded COIN to a Buy with a $340 target, citing expanded addressable market, product rollouts, and rising recurring revenue (stablecoin and services). This provides third‑party validation and a near‑term catalyst for investor interest. Bank of America Asserts Buy Rating on Coinbase
• Positive Sentiment: Tokenization / research narrative — Coinbase research and Institute papers promote tokenization as a structural growth theme (broader market access, “next financial supercycle”), supporting long‑term TAM expansion for Coinbase’s custody, tokenization tooling and Base network. Coinbase Signals Next Financial Supercycle
• Positive Sentiment: Brand / user acquisition push — Coinbase launched an NBA “Rookie Firsts” content series to deepen consumer engagement and youth adoption, which could support long‑term retail growth and engagement on Base. Coinbase Launches NBA Rookie Firsts Content Series
• Neutral Sentiment: Political/regulatory outreach — CEO Brian Armstrong publicly congratulated pro‑crypto governors and is vocally pushing for fair competition between banks and stablecoins; this keeps Coinbase in policy debates that could be positive if favorable rules follow, but outcomes remain uncertain. New governors Abigail Spanberger, Mikie Sherrill congratulated by Brian Armstrong
• Neutral Sentiment: Product / business positioning — Coinbase continues to promote tokenization and capital‑access narratives that could expand TAM; these are strategic positives but will take time to monetize at scale. Coinbase calls tokenization the key to wealth access
• Negative Sentiment: Share weakness / crypto correlation — COIN logged a notable intraday/closing decline and analysts point to Bitcoin weakness as a key pressure point; Coinbase still tracks crypto volumes and asset prices closely, so market volatility directly impacts revenue. COIN Suffers a Larger Drop Than the General Market
• Negative Sentiment: Security / reputation risk — A CNBC reader account detailed a sophisticated social‑engineering attempt to steal a Coinbase account; while Coinbase says it has protections, such stories can hurt trust and user retention if incidents rise. How my Coinbase account was almost stolen
• Negative Sentiment: Regulatory noise — Reports of tensions around the Clarity Act and Coinbase withdrawing support for a bill over draft issues add uncertainty around federal policy outcomes, which can amplify short‑term volatility. Coinbase denies White House split claims

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COIN. Citigroup reiterated a “market outperform” rating on shares of Coinbase Global in a report on Thursday, December 18th. Barclays reduced their price target on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Mizuho set a $280.00 price target on Coinbase Global in a report on Tuesday, December 16th. Bank of America upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective on the stock in a report on Thursday, January 8th. Finally, Benchmark reissued a “buy” rating on shares of Coinbase Global in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

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.