Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 25.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 515,437 shares of the cryptocurrency exchange's stock after selling 180,424 shares during the period. Coinbase Global comprises about 1.4% of Banco Bilbao Vizcaya Argentaria S.A.'s holdings, making the stock its 12th biggest holding. Banco Bilbao Vizcaya Argentaria S.A. owned 0.21% of Coinbase Global worth $128,866,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new position in Coinbase Global in the 4th quarter valued at $27,000. Atala Financial Inc purchased a new stake in shares of Coinbase Global during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Coinbase Global by 365.5% in the fourth 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. Cullen Frost Bankers Inc. acquired a new stake in shares of Coinbase Global in the fourth quarter valued at about $50,000. Finally, Bogart Wealth LLC lifted its stake in shares of Coinbase Global by 252.5% in the fourth quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange's stock worth $52,000 after buying an additional 149 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Trading Up 2.8 %

Coinbase Global stock traded up $5.77 during midday trading on Friday, reaching $209.64. 8,046,856 shares of the stock traded hands, compared to its average volume of 9,718,514. The firm has a market cap of $53.22 billion, a PE ratio of 22.07 and a beta of 3.65. 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 company has a 50-day simple moving average of $191.91 and a two-hundred day simple moving average of $242.87. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $349.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating 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%. Research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Frederick Ernest Ehrsam III sold 15,228 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $280.51, for a total value of $4,271,606.28. Following the transaction, the director now owns 10,417 shares in the company, valued at approximately $2,922,072.67. This represents a 59.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Armstrong sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $198.44, for a total value of $3,968,800.00. Following the sale, the chief executive officer now owns 526 shares of the company's stock, valued at approximately $104,379.44. The trade was a 97.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,970 shares of company stock worth $38,672,615 over the last 90 days. Corporate insiders own 23.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on COIN. Barclays cut their price objective on shares of Coinbase Global from $328.00 to $169.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $330.00 price target on shares of Coinbase Global in a report on Thursday, February 13th. Cantor Fitzgerald started coverage on Coinbase Global in a research note on Tuesday, April 8th. They set an "overweight" rating and a $245.00 price objective on the stock. Rosenblatt Securities dropped their target price on Coinbase Global from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lifted their price target on Coinbase Global from $255.00 to $305.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $295.65.

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.