Robeco Institutional Asset Management B.V. Raises Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Robeco Institutional Asset Management B.V. boosted its position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,619 shares of the cryptocurrency exchange's stock after buying an additional 25,972 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Coinbase Global were worth $25,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of COIN. RPg Family Wealth Advisory LLC purchased a new stake in shares of Coinbase Global in the 3rd quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in Coinbase Global during the third quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB boosted its position in Coinbase Global by 365.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock valued at $34,000 after buying an additional 106 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Coinbase Global by 408.0% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange's stock valued at $45,000 after buying an additional 204 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Coinbase Global in the 3rd quarter valued at about $55,000. 68.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COIN shares. Barclays raised 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. Monness Crespi & Hardt lifted their target price on shares of Coinbase Global from $245.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. 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. Piper Sandler boosted their price objective on shares of Coinbase Global from $245.00 to $285.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Finally, HC Wainwright reiterated a "buy" rating and set a $295.00 target price on shares of Coinbase Global in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $289.06.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 10,216 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $310.14, for a total transaction of $3,168,390.24. Following the transaction, the director now owns 10,417 shares in the company, valued at approximately $3,230,728.38. This represents a 49.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence J. Brock sold 4,635 shares of Coinbase Global 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 completion of the sale, the insider now directly owns 18,525 shares of the company's stock, valued at approximately $4,631,250. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 376,205 shares of company stock worth $112,487,737 in the last quarter. Corporate insiders own 23.43% of the company's stock.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $301.30 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day simple moving average of $288.26 and a two-hundred day simple moving average of $235.66. Coinbase Global, Inc. has a fifty-two week low of $114.51 and a fifty-two week high of $349.75. The company has a market capitalization of $75.43 billion, a price-to-earnings ratio of 51.42 and a beta of 3.59.

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

Coinbase Global Company 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.