Sumitomo Mitsui DS Asset Management Company Ltd Acquires 2,088 Shares of Coinbase Global, Inc. $COIN

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 8.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,751 shares of the cryptocurrency exchange’s stock after purchasing an additional 2,088 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Coinbase Global were worth $9,028,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position 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 boosted its stake in shares of 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 worth $1,940,805,000 after buying an additional 1,755,146 shares during the last quarter. Norges Bank bought a new position in shares of Coinbase Global in the 2nd quarter valued at about $1,044,354,000. Charles Schwab Investment Management Inc. grew 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 in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Coinbase Global by 14.6% in the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after acquiring an additional 145,047 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 2.0%

COIN opened at $240.78 on Friday. The stock’s fifty day simple moving average is $263.36 and its 200 day simple moving average is $315.19. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64. The stock has a market cap of $64.92 billion, a PE ratio of 20.83 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 (NASDAQ:COIN) last released its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company’s quarterly revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COIN has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and set a $420.00 price target on shares of Coinbase Global in a research report on Thursday, December 18th. Cantor Fitzgerald cut their price objective on Coinbase Global from $459.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of Coinbase Global in a research note on Wednesday, December 17th. They issued a “buy” rating and a $340.00 target price for the company. HC Wainwright raised shares of Coinbase Global from a “sell” rating to a “buy” rating and upped their price target for the stock from $300.00 to $425.00 in a research report on Thursday, October 30th. Finally, Argus reiterated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $376.74.

More Coinbase Global News

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

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

Insider Activity at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available 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. In the last 90 days, insiders have sold 839,554 shares of company stock worth $248,795,837. Insiders own 16.56% of the company’s stock.

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.