Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 819 shares of the cryptocurrency exchange's stock after selling 148,844 shares during the quarter. International Assets Investment Management LLC's holdings in Coinbase Global were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Street Derivatives LLC purchased a new position in shares of Coinbase Global in the third quarter valued at about $409,919,000. Renaissance Technologies LLC raised its position in Coinbase Global by 185.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,063,117 shares of the cryptocurrency exchange's stock valued at $236,258,000 after purchasing an additional 691,288 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Coinbase Global by 10.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,425,619 shares of the cryptocurrency exchange's stock worth $609,789,000 after buying an additional 314,388 shares during the period. Azora Capital LP grew its position in shares of Coinbase Global by 214.1% in the 3rd quarter. Azora Capital LP now owns 322,868 shares of the cryptocurrency exchange's stock worth $57,525,000 after buying an additional 220,078 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of Coinbase Global during the third quarter valued at approximately $38,535,000. 68.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $203.30, for a total value of $304,950.00. Following the completion of the sale, the chief operating officer now owns 175,101 shares in the company, valued at approximately $35,598,033.30. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Armstrong sold 58,269 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $328.00, for a total value of $19,112,232.00. Following the transaction, the chief executive officer now owns 526 shares of the company's stock, valued at approximately $172,528. This represents a 99.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,733 shares of company stock valued at $95,173,894 over the last ninety days. Company insiders own 23.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COIN. HC Wainwright reissued a "buy" rating and set a $295.00 price objective on shares of Coinbase Global in a research report on Tuesday, October 29th. Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price target on shares of Coinbase Global in a research note on Thursday, October 31st. B. Riley started coverage on shares of Coinbase Global in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $185.00 price objective for the company. Oppenheimer increased their target price on Coinbase Global from $265.00 to $358.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Finally, Mizuho lifted their price target on Coinbase Global from $160.00 to $178.00 and gave the company an "underperform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Coinbase Global has a consensus rating of "Hold" and an average target price of $284.17.

Coinbase Global Price Performance

NASDAQ:COIN traded up $4.17 during trading hours on Tuesday, hitting $255.37. 5,687,722 shares of the stock were exchanged, compared to its average volume of 7,370,748. The company has a market cap of $63.93 billion, a P/E ratio of 43.58 and a beta of 3.59. The firm's fifty day moving average price is $289.78 and its 200 day moving average price is $230.14. Coinbase Global, Inc. has a 52-week low of $114.51 and a 52-week high of $349.75. 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 announced 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 firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company's revenue for the quarter was up 78.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 4.44 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.