2,080 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC bought a new stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,080 shares of the cryptocurrency exchange's stock, valued at approximately $516,000.

Several other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Coinbase Global in the third quarter worth approximately $25,000. Wingate Wealth Advisors Inc. bought a new position in Coinbase Global in the 4th quarter valued at approximately $27,000. Atala Financial Inc purchased a new stake in Coinbase Global during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock worth $34,000 after purchasing an additional 106 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Coinbase Global by 408.0% in the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange's stock worth $45,000 after purchasing an additional 204 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global Stock Up 0.6 %

Coinbase Global stock traded up $1.19 during mid-day trading on Tuesday, reaching $204.23. 7,477,986 shares of the company's stock were exchanged, compared to its average volume of 9,288,262. The company has a fifty day moving average of $246.30 and a 200-day moving average of $241.82. The company has a market cap of $51.85 billion, a P/E ratio of 21.50 and a beta of 3.66. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Coinbase Global, Inc. has a twelve month low of $146.12 and a twelve month high of $349.75.

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Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (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%. Sell-side analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 22,842 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $281.94, for a total value of $6,440,073.48. Following the completion of the sale, the director now directly owns 10,417 shares of the company's stock, valued at approximately $2,936,968.98. This represents a 68.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the completion of the transaction, the insider now directly owns 69,407 shares in the company, valued at $17,816,082.83. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,034 shares of company stock worth $57,835,408 over the last ninety days. Corporate insiders own 23.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on COIN shares. Mizuho reduced their price objective on Coinbase Global from $280.00 to $217.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Keefe, Bruyette & Woods lifted their price target 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, February 18th. Canaccord Genuity Group upped 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. Bank of America cut their price target on Coinbase Global from $363.00 to $311.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein upgraded Coinbase Global to a "strong-buy" rating in a research report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Coinbase Global has a consensus rating of "Moderate Buy" and an average target price of $314.72.

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.