Union Bancaire Privee UBP SA Has $35,000 Holdings in Coinbase Global, Inc. $COIN

Union Bancaire Privee UBP SA trimmed its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 99.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105 shares of the cryptocurrency exchange’s stock after selling 180,000 shares during the period. Union Bancaire Privee UBP SA’s holdings in Coinbase Global were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Evelyn Partners Investment Management Europe Ltd raised its position in Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock worth $29,000 after purchasing an additional 36 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Coinbase Global in the 2nd quarter valued at $30,000. City State Bank bought a new stake in shares of Coinbase Global during the second quarter worth $33,000. Financial Gravity Companies Inc. acquired a new position in shares of Coinbase Global during the second quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC boosted its holdings in Coinbase Global by 300.0% in the second quarter. Fourth Dimension Wealth LLC now owns 100 shares of the cryptocurrency exchange’s stock valued at $35,000 after acquiring an additional 75 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Stock Down 2.0%

Shares of NASDAQ:COIN opened at $239.20 on Friday. The company has a 50 day moving average price of $295.99 and a two-hundred day moving average price of $318.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $64.50 billion, a PE ratio of 20.69 and a beta of 3.69. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 55.1% on a year-over-year basis. Analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other news, COO Emilie Choi sold 100,000 shares of Coinbase Global stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the transaction, the chief operating officer owned 187,802 shares in the company, valued at $58,383,885.76. The trade was a 34.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 791,804 shares of company stock valued at $240,485,568. Company insiders own 16.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup reissued a “market outperform” rating on shares of Coinbase Global in a report on Thursday. Argus restated a “hold” rating on shares of Coinbase Global in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a report on Tuesday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Coinbase Global in a research report on Friday, October 31st. Finally, Mizuho set a $280.00 price target on Coinbase Global in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $383.54.

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.