Retirement Systems of Alabama Buys 2,880 Shares of Coinbase Global, Inc. $COIN

Retirement Systems of Alabama lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 6.3% during the third quarter, HoldingsChannel.com reports. The fund owned 48,244 shares of the cryptocurrency exchange’s stock after purchasing an additional 2,880 shares during the period. Retirement Systems of Alabama’s holdings in Coinbase Global were worth $16,282,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Coinbase Global by 25.5% in the second 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Coinbase Global by 46.1% in 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 buying an additional 1,755,146 shares in the last quarter. Norges Bank acquired a new stake in Coinbase Global during the 2nd quarter worth $1,044,354,000. Charles Schwab Investment Management Inc. raised its stake in Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after buying an additional 504,068 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Coinbase Global by 14.6% during the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock worth $398,374,000 after acquiring an additional 145,047 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other news, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of Coinbase Global stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 820,587 shares of company stock worth $240,717,580 in the last three months. Insiders own 16.56% of the company’s stock.

Coinbase Global Price Performance

NASDAQ COIN opened at $210.83 on Wednesday. The company has a quick ratio of 2.40, a current 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. The company has a market capitalization of $56.85 billion, a PE ratio of 18.24 and a beta of 3.70. The firm’s 50 day moving average is $247.60 and its 200-day moving average is $304.00.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, topping the consensus estimate of $1.04 by $0.40. The business 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Coinbase Global News Summary

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

• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and a $277 price target (~31% upside from current levels), which can provide a near-term buy-side catalyst and institutional interest.
• Positive Sentiment: Adoption tailwind — reports say ~60% of top U.S. banks are preparing Bitcoin services (trading/custody), supporting long-term exchange volumes and service demand. 60% of top US banks are geared up for Bitcoin: River
• Positive Sentiment: Coinbase survey shows most institutional investors view Bitcoin as undervalued in the mid-$80k–$95k range, which could support a rebound in trading activity if sentiment improves. Majority of institutional investors say Bitcoin is undervalued: Coinbase
• Neutral Sentiment: Technical/watchlist coverage — a Forbes piece flags COIN trading in a historical support zone and as a watchlist candidate; useful for traders but not a fundamental catalyst by itself. Is Coinbase Stock A Buy Now?
• Neutral Sentiment: Corporate preparedness — Coinbase formed an advisory board to study long-term threats (e.g., quantum computing), signaling proactive risk management but with long-term, uncertain payoff. Coinbase Is Prepping For ‘Future Threats’
• Neutral Sentiment: The short-interest report in January shows nonsensical/zero values (data appears unreliable), so it offers little actionable signal right now.
• Negative Sentiment: Crypto market weakness — record ETF outflows and a deeply negative Coinbase premium point to U.S. selling pressure in Bitcoin and lower retail/institutional demand, which pressures Coinbase’s core trading revenue. Bitcoin Stuck in 60-Day Range as Record ETF Outflows Show US Selling Pressure
• Negative Sentiment: Regulatory/political friction — Coinbase’s political activity helped delay a key crypto bill and drew a White House rebuke, increasing regulatory uncertainty that can weigh on investor sentiment. Coinbase power play sparks crypto rift as key bill gets delayed
• Negative Sentiment: Analyst/headline downside risk — outlets cite bearish forecasts and at least one firm (KeyCorp) issued a bearish view on Q4; combined with Bitcoin downside scenarios (some technical calls project much lower BTC prices), these create headline risk for COIN’s revenue outlook. KeyCorp Has Bearish Forecast for Coinbase Global Q4 Earnings

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COIN shares. HC Wainwright upgraded Coinbase Global from a “sell” rating to a “buy” rating and increased their price target for the stock from $300.00 to $425.00 in a report on Thursday, October 30th. Redburn Partners set a $417.00 target price on Coinbase Global in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Coinbase Global in a report on Wednesday, December 17th. They set a “buy” rating and a $340.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Coinbase Global from $303.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Bank of America raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $356.27.

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.