Coinbase Global, Inc. (NASDAQ:COIN) is Paragon Capital Management Ltd's 4th Largest Position

Paragon Capital Management Ltd lowered its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,037 shares of the cryptocurrency exchange's stock after selling 50,356 shares during the period. Coinbase Global comprises 8.6% of Paragon Capital Management Ltd's investment portfolio, making the stock its 4th biggest position. Paragon Capital Management Ltd owned about 0.07% of Coinbase Global worth $42,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COIN. RPg Family Wealth Advisory LLC acquired a new stake in Coinbase Global during the 3rd quarter worth $25,000. ORG Wealth Partners LLC purchased a new position in shares of Coinbase Global in the third quarter worth about $32,000. Brown Brothers Harriman & Co. boosted its position in Coinbase Global by 408.0% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange's stock worth $45,000 after acquiring an additional 204 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in Coinbase Global by 548.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 214 shares of the cryptocurrency exchange's stock valued at $48,000 after acquiring an additional 181 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $55,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coinbase Global

In related news, COO Emilie Choi sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $203.30, for a total transaction of $304,950.00. Following the sale, the chief operating officer now directly owns 175,101 shares in the company, valued at approximately $35,598,033.30. This represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Grewal sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $209.98, for a total transaction of $2,099,800.00. Following the completion of the sale, the insider now directly owns 74,956 shares in the company, valued at approximately $15,739,260.88. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,333 shares of company stock valued at $95,092,118 in the last 90 days. Company insiders own 23.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COIN. Piper Sandler upped their price target on Coinbase Global from $245.00 to $285.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Oppenheimer upped their target price on Coinbase Global from $265.00 to $358.00 and gave the company an "outperform" rating in a report on Monday, November 25th. Bank of America raised their target price on Coinbase Global from $196.00 to $214.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. JMP Securities reissued a "market outperform" rating and set a $320.00 price target on shares of Coinbase Global in a research report on Wednesday, October 9th. Finally, Mizuho raised their price objective on shares of Coinbase Global from $160.00 to $178.00 and gave the stock an "underperform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coinbase Global has an average rating of "Hold" and a consensus price target of $284.17.

Coinbase Global Trading Up 2.4 %

COIN traded up $6.70 during mid-day trading on Thursday, hitting $281.63. 6,734,695 shares of the stock were exchanged, compared to its average volume of 7,483,058. The firm's fifty day moving average is $290.19 and its two-hundred day moving average is $230.45. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $349.75. The company has a market cap of $70.51 billion, a PE ratio of 48.06 and a beta of 3.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48.

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