Oxinas Partners Wealth Management LLC Buys Shares of 1,067 Coinbase Global, Inc. (NASDAQ:COIN)

Oxinas Partners Wealth Management LLC acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,067 shares of the cryptocurrency exchange's stock, valued at approximately $265,000.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Coinbase Global during the third quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its position in Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock valued at $34,000 after buying an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Coinbase Global by 408.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange's stock valued at $45,000 after buying an additional 204 shares during the period. Finally, Abich Financial Wealth Management LLC raised its position in Coinbase Global by 548.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 214 shares of the cryptocurrency exchange's stock worth $48,000 after buying an additional 181 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coinbase Global

In related news, insider Lawrence J. Brock sold 4,635 shares of Coinbase Global stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $250.00, for a total value of $1,158,750.00. Following the completion of the transaction, the insider now directly owns 18,525 shares in the company, valued at approximately $4,631,250. This trade represents a 20.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Grewal sold 10,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $209.98, for a total value of $2,099,800.00. Following the sale, the insider now owns 74,956 shares in the company, valued at $15,739,260.88. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 377,489 shares of company stock valued at $111,724,097. 23.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on COIN shares. Barclays boosted their price target on shares of Coinbase Global from $204.00 to $355.00 and gave the stock an "equal weight" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods dropped their target price on shares of Coinbase Global from $275.00 to $255.00 and set a "market perform" rating for the company in a report on Monday, January 13th. Oppenheimer lowered their price target on Coinbase Global from $358.00 to $334.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Bank of America lifted their price objective on Coinbase Global from $196.00 to $214.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Mizuho upped their target price on Coinbase Global from $160.00 to $178.00 and gave the company an "underperform" rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $282.83.

Coinbase Global Trading Up 0.6 %

Shares of Coinbase Global stock traded up $1.66 during trading hours on Wednesday, hitting $295.85. The company's stock had a trading volume of 6,642,633 shares, compared to its average volume of 8,128,426. The business has a fifty day moving average of $290.36 and a 200 day moving average of $232.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $349.75. The company has a market capitalization of $74.07 billion, a PE ratio of 50.49 and a beta of 3.59.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.13). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company's revenue for the quarter was up 78.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. As a group, equities analysts forecast that Coinbase Global, Inc. will post 4.81 EPS for the current year.

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.