Atomi Financial Group Inc. Sells 1,316 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Atomi Financial Group Inc. lowered its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,838 shares of the cryptocurrency exchange's stock after selling 1,316 shares during the quarter. Coinbase Global accounts for about 4.1% of Atomi Financial Group Inc.'s portfolio, making the stock its 2nd largest position. Atomi Financial Group Inc. owned about 0.13% of Coinbase Global worth $80,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COIN. Ballentine Partners LLC raised its stake in shares of Coinbase Global by 4.5% during the fourth quarter. Ballentine Partners LLC now owns 3,463 shares of the cryptocurrency exchange's stock valued at $860,000 after acquiring an additional 150 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Coinbase Global during the 4th quarter worth $278,000. Harbor Investment Advisory LLC raised its position in Coinbase Global by 15.5% during the 4th quarter. Harbor Investment Advisory LLC now owns 737 shares of the cryptocurrency exchange's stock valued at $183,000 after purchasing an additional 99 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 buying an additional 106 shares during the period. Finally, McElhenny Sheffield Capital Management LLC bought a new position in shares of Coinbase Global during the 4th quarter worth $252,000. Hedge funds and other institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Down 0.4 %

Shares of COIN stock traded down $1.29 during trading hours on Tuesday, reaching $294.19. 12,820,538 shares of the stock were exchanged, compared to its average volume of 8,244,119. Coinbase Global, Inc. has a 12-month low of $114.51 and a 12-month high of $349.75. The business's fifty day moving average is $290.63 and its two-hundred day moving average is $231.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $73.65 billion, a P/E ratio of 50.20 and a beta of 3.59.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business's revenue for the quarter was up 78.8% on a year-over-year basis. As a group, research analysts expect that Coinbase Global, Inc. will post 4.69 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CAO Jennifer N. Jones sold 1,837 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $295.02, for a total value of $541,951.74. Following the completion of the transaction, the chief accounting officer now owns 1,160 shares in the company, valued at approximately $342,223.20. This represents a 61.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Emilie Choi sold 1,500 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $203.30, for a total transaction of $304,950.00. Following the sale, the chief operating officer now owns 175,101 shares in the company, valued at $35,598,033.30. The trade was a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 347,033 shares of company stock worth $102,613,277. 23.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and set a $320.00 target price on shares of Coinbase Global in a research report on Wednesday, October 9th. Piper Sandler raised their price target on shares of Coinbase Global from $245.00 to $285.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Coinbase Global from $275.00 to $255.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. Bank of America raised their target price on shares of Coinbase Global from $196.00 to $214.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Finally, Barclays upped their price target on Coinbase Global from $204.00 to $355.00 and gave the stock an "equal weight" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $282.83.

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.