Brooklyn Investment Group Sells 1,088 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Brooklyn Investment Group lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 61.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 672 shares of the cryptocurrency exchange's stock after selling 1,088 shares during the quarter. Brooklyn Investment Group's holdings in Coinbase Global were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Banco Santander S.A. increased its holdings in shares of Coinbase Global by 12.7% in the third quarter. Banco Santander S.A. now owns 148,906 shares of the cryptocurrency exchange's stock valued at $26,531,000 after purchasing an additional 16,737 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Coinbase Global by 135.1% during the third quarter. Global Retirement Partners LLC now owns 2,680 shares of the cryptocurrency exchange's stock worth $477,000 after acquiring an additional 1,540 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Coinbase Global during the third quarter valued at $29,756,000. Lindbrook Capital LLC boosted its holdings in Coinbase Global by 30.2% in the third quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange's stock valued at $5,347,000 after acquiring an additional 6,963 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Coinbase Global during the 2nd quarter worth about $2,908,000. 68.84% of the stock is owned by institutional investors.

Insider Activity at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the company's stock in a transaction 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 sale, the insider now directly owns 74,956 shares of the company's stock, valued at approximately $15,739,260.88. This represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $203.30, for a total transaction of $304,950.00. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 347,033 shares of company stock valued at $102,613,277. Insiders own 23.43% of the company's stock.

Analyst Upgrades and Downgrades

COIN has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of 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. Bank of America increased their price target on Coinbase Global from $196.00 to $214.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on Coinbase Global from $245.00 to $285.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. JMP Securities restated a "market outperform" rating and set a $320.00 target price on shares of Coinbase Global in a research report on Wednesday, October 9th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $280.00 price target on shares of Coinbase Global in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $282.83.

Coinbase Global Stock Up 4.9 %

Shares of COIN stock traded up $13.85 during trading on Friday, reaching $295.48. The company's stock had a trading volume of 11,250,894 shares, compared to its average volume of 6,726,179. Coinbase Global, Inc. has a one year low of $114.51 and a one year high of $349.75. The business has a fifty day moving average price of $291.21 and a 200-day moving average price of $231.26. The company has a market cap of $73.97 billion, a price-to-earnings ratio of 50.42 and a beta of 3.59. The company has a quick ratio of 1.03, a current 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 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 the consensus estimate of $1.26 billion. Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company's quarterly revenue was up 78.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. Analysts anticipate that Coinbase Global, Inc. will post 4.69 earnings per share for the current year.

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.