Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,450 shares of the cryptocurrency exchange's stock after buying an additional 2,150 shares during the quarter. Aquatic Capital Management LLC's holdings in Coinbase Global were worth $19,479,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 18,419,097 shares of the cryptocurrency exchange's stock worth $4,573,462,000 after purchasing an additional 128,802 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Coinbase Global by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 3,552,694 shares of the cryptocurrency exchange's stock worth $882,822,000 after buying an additional 127,075 shares during the period. Norges Bank acquired a new stake in shares of Coinbase Global during the fourth quarter worth about $536,484,000. Groupama Asset Managment acquired a new stake in shares of Coinbase Global during the fourth quarter worth about $372,450,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Coinbase Global by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,032 shares of the cryptocurrency exchange's stock worth $232,168,000 after buying an additional 15,954 shares during the period. Hedge funds and other institutional investors own 68.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt set a $420.00 target price on shares of Coinbase Global in a research note on Tuesday, February 18th. Cantor Fitzgerald initiated coverage on shares of Coinbase Global in a research note on Tuesday, April 8th. They set an "overweight" rating and a $245.00 target price for the company. Compass Point restated a "sell" rating and issued a $180.00 price objective on shares of Coinbase Global in a research report on Monday. Canaccord Genuity Group raised their price objective on shares of Coinbase Global from $280.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, JMP Securities reduced their price objective on shares of Coinbase Global from $475.00 to $400.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $289.90.

Coinbase Global Price Performance

Shares of COIN traded up $0.86 during mid-day trading on Tuesday, reaching $206.13. 4,231,921 shares of the company's stock were exchanged, compared to its average volume of 9,688,871. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $190.84 and a two-hundred day simple moving average of $243.62. Coinbase Global, Inc. has a 52-week low of $142.58 and a 52-week high of $349.75. The company has a market cap of $52.33 billion, a price-to-earnings ratio of 21.70 and a beta of 3.65.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, sell-side analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 25,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $270.99, for a total value of $6,774,750.00. Following the completion of the transaction, the chief executive officer now directly owns 526 shares in the company, valued at approximately $142,540.74. The trade was a 97.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alesia J. Haas sold 7,575 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $200.00, for a total value of $1,515,000.00. Following the completion of the transaction, the chief financial officer now owns 114,866 shares of the company's stock, valued at $22,973,200. This trade represents a 6.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 168,970 shares of company stock worth $38,672,615. Insiders own 23.43% of the company's stock.

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.