Capula Management Ltd Acquires 2,128 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Capula Management Ltd increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 101.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,228 shares of the cryptocurrency exchange's stock after purchasing an additional 2,128 shares during the quarter. Capula Management Ltd's holdings in Coinbase Global were worth $1,050,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Coinbase Global by 168.2% during the 3rd quarter. Wellington Management Group LLP now owns 26,089 shares of the cryptocurrency exchange's stock worth $4,648,000 after purchasing an additional 16,363 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Coinbase Global during the fourth quarter worth $252,000. Virtu Financial LLC bought a new stake in Coinbase Global during the third quarter worth $3,866,000. Savant Capital LLC acquired a new stake in Coinbase Global in the fourth quarter valued at $591,000. Finally, Principal Financial Group Inc. increased its stake in shares of Coinbase Global by 219.2% during the 3rd quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange's stock worth $9,558,000 after purchasing an additional 36,843 shares during the last quarter. Institutional investors own 68.84% of the company's stock.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 5,700 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total value of $1,521,159.00. Following the completion of the transaction, the chief financial officer now owns 144,470 shares of the company's stock, valued at $38,554,708.90. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul Grewal sold 10,978 shares of Coinbase Global stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $211.93, for a total transaction of $2,326,567.54. Following the sale, the insider now owns 83,313 shares in the company, valued at approximately $17,656,524.09. This represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,767 shares of company stock worth $48,326,134 over the last quarter. Corporate insiders own 23.43% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on COIN shares. 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. Monness Crespi & Hardt set a $420.00 price target on Coinbase Global in a research note on Tuesday, February 18th. 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. Rosenblatt Securities reissued a "buy" rating and issued a $305.00 price objective on shares of Coinbase Global in a research report on Wednesday, March 26th. Finally, Bank of America decreased their price target on shares of Coinbase Global from $363.00 to $311.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $298.74.

Coinbase Global Price Performance

Shares of Coinbase Global stock traded up $5.88 during trading on Friday, reaching $175.50. 7,745,585 shares of the company's stock were exchanged, compared to its average volume of 9,775,182. The firm's 50-day moving average price is $210.02 and its 200 day moving average price is $241.96. The company has a market cap of $44.56 billion, a P/E ratio of 18.47 and a beta of 3.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $349.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its 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%. As a group, research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

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.