Coinbase Global, Inc. (NASDAQ:COIN) Stock Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,933 shares of the cryptocurrency exchange's stock after buying an additional 7,096 shares during the period. Victory Capital Management Inc.'s holdings in Coinbase Global were worth $17,861,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Coinbase Global during the third quarter worth $25,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coinbase Global during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB lifted its position 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 last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Coinbase Global by 408.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange's stock worth $45,000 after buying an additional 204 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Coinbase Global by 252.5% in the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange's stock valued at $52,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 68.84% of the company's stock.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $191.69 on Wednesday. The stock's 50 day moving average price is $259.55 and its 200 day moving average price is $241.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market cap of $48.67 billion, a price-to-earnings ratio of 20.18 and a beta of 3.66. Coinbase Global, Inc. has a 12 month low of $146.12 and a 12 month high of $349.75.

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Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on COIN shares. HC Wainwright reiterated a "buy" rating and set a $350.00 price objective on shares of Coinbase Global in a research note on Friday, February 21st. Bank of America dropped their price target on Coinbase Global from $363.00 to $311.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Barclays boosted their price objective on Coinbase Global from $282.00 to $328.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Oppenheimer reaffirmed an "outperform" rating on shares of Coinbase Global in a research report on Monday, February 10th. Finally, Rosenblatt Securities started coverage on shares of Coinbase Global in a report on Friday, March 7th. They set a "buy" rating and a $305.00 price target for the company. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $307.89.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 5,700 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total value of $1,521,159.00. Following the transaction, the chief financial officer now owns 144,470 shares of the company's stock, valued at approximately $38,554,708.90. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $256.69, for a total value of $2,566,900.00. Following the sale, the insider now directly owns 69,407 shares of the company's stock, valued at approximately $17,816,082.83. This represents a 12.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,455 shares of company stock valued at $60,955,968. 23.43% of the stock is owned by insiders.

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.

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