Brighton Jones LLC Sells 1,261 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Brighton Jones LLC lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,674 shares of the cryptocurrency exchange's stock after selling 1,261 shares during the quarter. Brighton Jones LLC's holdings in Coinbase Global were worth $1,657,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Coinbase Global by 0.8% during the 3rd quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange's stock worth $924,000 after acquiring an additional 43 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its stake in shares of Coinbase Global by 3.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange's stock valued at $365,000 after purchasing an additional 45 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Coinbase Global by 9.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange's stock worth $106,000 after buying an additional 51 shares during the period. Pallas Capital Advisors LLC raised its holdings in Coinbase Global by 2.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,625 shares of the cryptocurrency exchange's stock valued at $652,000 after buying an additional 51 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Coinbase Global by 3.9% in the 3rd quarter. Brooklyn Investment Group now owns 1,760 shares of the cryptocurrency exchange's stock worth $314,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company's stock.

Analyst Ratings Changes

COIN has been the topic of several recent analyst reports. Needham & Company LLC raised their target price on Coinbase Global from $375.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods reduced their target price on Coinbase Global from $275.00 to $255.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. Barclays upped their target price on Coinbase Global from $204.00 to $355.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. Mizuho boosted their price objective on shares of Coinbase Global from $160.00 to $178.00 and gave the company an "underperform" rating in a research report on Thursday, October 31st. Finally, Piper Sandler upped their price objective on shares of Coinbase Global from $245.00 to $285.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Coinbase Global currently has an average rating of "Hold" and a consensus price target of $282.83.

Coinbase Global Stock Up 0.7 %

Shares of NASDAQ COIN traded up $1.99 during midday trading on Friday, hitting $298.00. The stock had a trading volume of 9,731,345 shares, compared to its average volume of 6,441,804. The business's 50 day moving average is $290.54 and its 200-day moving average is $233.82. Coinbase Global, Inc. has a 52 week low of $114.51 and a 52 week high of $349.75. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.48. The company has a market cap of $74.60 billion, a P/E ratio of 50.85 and a beta of 3.59.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Coinbase Global's quarterly revenue was up 78.8% compared to the same quarter last year. As a group, analysts predict that Coinbase Global, Inc. will post 4.81 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In related news, COO Emilie Choi sold 1,500 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $203.30, for a total value of $304,950.00. Following the transaction, the chief operating officer now directly owns 175,101 shares of the company's stock, valued at approximately $35,598,033.30. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lawrence J. Brock sold 4,635 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $250.00, for a total transaction of $1,158,750.00. Following the sale, the insider now owns 18,525 shares in the company, valued at approximately $4,631,250. The trade was a 20.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 367,489 shares of company stock worth $109,624,297. 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.