O Neil Global Advisors Inc. Acquires Shares of 3,500 Coinbase Global, Inc. (NASDAQ:COIN)

O Neil Global Advisors Inc. acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,500 shares of the cryptocurrency exchange's stock, valued at approximately $869,000. Coinbase Global makes up 0.3% of O Neil Global Advisors Inc.'s portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Coinbase Global during the third quarter valued at about $25,000. Wingate Wealth Advisors Inc. acquired a new stake in Coinbase Global during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in Coinbase Global by 365.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock worth $34,000 after acquiring an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. increased its position 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 acquiring an additional 204 shares during the period. Finally, Bogart Wealth LLC raised its stake in shares of Coinbase Global by 252.5% during the fourth quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange's stock valued at $52,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 68.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COIN. Keefe, Bruyette & Woods boosted their price objective on shares of Coinbase Global from $255.00 to $305.00 and gave the stock a "market perform" rating in a research note on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $330.00 price target on shares of Coinbase Global in a research report on Thursday, February 13th. Mizuho decreased their price target on Coinbase Global from $290.00 to $280.00 and set a "neutral" rating for the company in a research note on Thursday. Canaccord Genuity Group lifted their price objective on Coinbase Global from $280.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt upped their target price on Coinbase Global from $245.00 to $390.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Coinbase Global currently has an average rating of "Moderate Buy" and an average target price of $304.50.

Insider Activity at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 26,649 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $308.14, for a total value of $8,211,622.86. Following the completion of the sale, the director now directly owns 10,417 shares of the company's stock, valued at $3,209,894.38. This represents a 71.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Grewal sold 7,104 shares of Coinbase Global stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $307.80, for a total value of $2,186,611.20. Following the transaction, the insider now directly owns 79,407 shares in the company, valued at approximately $24,441,474.60. The trade was a 8.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 334,306 shares of company stock valued at $97,300,651. 23.43% of the stock is owned by company insiders.

Coinbase Global Stock Down 8.3 %

Shares of COIN stock traded down $21.21 on Friday, reaching $235.38. 17,128,111 shares of the company were exchanged, compared to its average volume of 8,810,530. Coinbase Global, Inc. has a one year low of $146.12 and a one year high of $349.75. The company has a market cap of $58.93 billion, a price-to-earnings ratio of 24.78 and a beta of 3.61. The company has a 50-day moving average of $275.76 and a 200-day moving average of $239.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Coinbase Global Company 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.