Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,018 shares of the cryptocurrency exchange’s stock after selling 116 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Coinbase Global were worth $509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jacobi Capital Management LLC boosted its holdings in Coinbase Global by 2.1% in the third quarter. Jacobi Capital Management LLC now owns 1,454 shares of the cryptocurrency exchange’s stock valued at $331,000 after purchasing an additional 30 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in Coinbase Global by 0.5% in the third quarter. United Capital Financial Advisers LLC now owns 7,453 shares of the cryptocurrency exchange’s stock valued at $1,695,000 after purchasing an additional 37 shares in the last quarter. Scotia Capital Inc. lifted its stake in Coinbase Global by 2.9% in the third quarter. Scotia Capital Inc. now owns 1,758 shares of the cryptocurrency exchange’s stock valued at $400,000 after buying an additional 49 shares during the last quarter. Brookstone Capital Management lifted its stake in Coinbase Global by 4.7% in the third quarter. Brookstone Capital Management now owns 1,172 shares of the cryptocurrency exchange’s stock valued at $289,000 after buying an additional 53 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Coinbase Global by 27.3% in the fourth quarter. Larson Financial Group LLC now owns 303 shares of the cryptocurrency exchange’s stock valued at $76,000 after buying an additional 65 shares during the last quarter. 26.28% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:COIN traded up $5.90 during trading hours on Tuesday, hitting $151.06. The company’s stock had a trading volume of 55,157 shares, compared to its average volume of 4,758,553. The business’s 50-day moving average is $179.13 and its two-hundred day moving average is $236.80. The company has a market capitalization of $33.15 billion and a PE ratio of 10.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.61 and a current ratio of 1.61. Coinbase Global, Inc. has a 52-week low of $140.53 and a 52-week high of $368.90.

Coinbase Global (NASDAQ:COINGet Rating) last released its quarterly earnings data on Thursday, February 24th. The cryptocurrency exchange reported $3.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $1.38. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Coinbase Global had a return on equity of 77.65% and a net margin of 46.23%. The company’s revenue was up 325.6% compared to the same quarter last year. As a group, analysts predict that Coinbase Global, Inc. will post 3.67 EPS for the current fiscal year.

A number of equities research analysts have weighed in on COIN shares. Compass Point reduced their price objective on Coinbase Global from $325.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, February 28th. Citigroup reduced their price objective on Coinbase Global from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Oppenheimer reduced their price objective on Coinbase Global from $377.00 to $314.00 and set an “outperform” rating for the company in a research note on Monday. Piper Sandler reduced their price objective on Coinbase Global from $440.00 to $360.00 and set an “overweight” rating for the company in a research note on Friday, February 25th. Finally, JMP Securities reduced their price objective on Coinbase Global from $405.00 to $394.00 and set a “market outperform” rating for the company in a research note on Thursday, April 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $311.95.

In other Coinbase Global news, insider Paul Grewal sold 1,207 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $173.87, for a total value of $209,861.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Coinbase Global Profile (Get Rating)

Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment.

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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