Atria Wealth Solutions Inc. Acquires 5,266 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Atria Wealth Solutions Inc. grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,339 shares of the cryptocurrency exchange's stock after purchasing an additional 5,266 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Coinbase Global were worth $3,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in COIN. Banco Santander S.A. raised its position in Coinbase Global by 12.7% in the 3rd quarter. Banco Santander S.A. now owns 148,906 shares of the cryptocurrency exchange's stock worth $26,531,000 after purchasing an additional 16,737 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Coinbase Global during the 3rd quarter worth $29,756,000. Lindbrook Capital LLC grew its holdings in Coinbase Global by 30.2% during the 3rd quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange's stock worth $5,347,000 after acquiring an additional 6,963 shares during the period. Wellington Management Group LLP grew its holdings in shares of Coinbase Global by 168.2% in the 3rd quarter. Wellington Management Group LLP now owns 26,089 shares of the cryptocurrency exchange's stock valued at $4,648,000 after buying an additional 16,363 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in shares of Coinbase Global by 237.5% in the 3rd quarter. QRG Capital Management Inc. now owns 32,743 shares of the cryptocurrency exchange's stock valued at $5,834,000 after buying an additional 23,040 shares during the period. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

Shares of COIN stock traded down $21.21 during trading on Friday, reaching $235.38. 17,128,111 shares of the company's stock traded hands, compared to its average volume of 8,810,530. The company has a market capitalization of $58.93 billion, a P/E ratio of 24.78 and a beta of 3.61. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm's 50-day moving average is $277.26 and its 200 day moving average is $239.47. Coinbase Global, Inc. has a 1 year low of $146.12 and a 1 year high of $349.75.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on COIN. Keefe, Bruyette & Woods upped their target price 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. Barclays upped their target price on shares of Coinbase Global from $282.00 to $328.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Piper Sandler increased their target price on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Oppenheimer decreased their target price on shares of Coinbase Global from $358.00 to $334.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Mizuho reduced their price target on shares of Coinbase Global from $290.00 to $280.00 and set a "neutral" rating on the stock in a research report on Thursday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $304.50.

Insider Transactions at Coinbase Global

In other news, CEO Brian Armstrong sold 25,000 shares of Coinbase Global stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $307.30, for a total value of $7,682,500.00. Following the completion of the sale, the chief executive officer now directly owns 526 shares in the company, valued at $161,639.80. The trade was a 97.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick Ernest Ehrsam III sold 7,614 shares of Coinbase Global stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $295.10, for a total transaction of $2,246,891.40. Following the completion of the sale, the director now owns 10,417 shares of the company's stock, valued at $3,074,056.70. This represents a 42.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 334,306 shares of company stock valued at $97,300,651. Company insiders own 23.43% of the company's stock.

About Coinbase Global

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.