Hel Ved Capital Management Ltd Trims Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Hel Ved Capital Management Ltd cut its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 84.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,972 shares of the cryptocurrency exchange's stock after selling 106,100 shares during the period. Coinbase Global comprises approximately 1.5% of Hel Ved Capital Management Ltd's investment portfolio, making the stock its 20th biggest holding. Hel Ved Capital Management Ltd's holdings in Coinbase Global were worth $4,959,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. increased its position in shares of Coinbase Global by 17.7% during the fourth quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange's stock worth $66,000 after purchasing an additional 40 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Coinbase Global by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 964 shares of the cryptocurrency exchange's stock worth $239,000 after acquiring an additional 40 shares during the period. Yousif Capital Management LLC boosted its position in shares of Coinbase Global by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange's stock worth $635,000 after acquiring an additional 44 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its holdings in Coinbase Global by 3.2% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange's stock valued at $365,000 after acquiring an additional 45 shares during the last quarter. Finally, IPG Investment Advisors LLC increased its position in Coinbase Global by 2.0% during the 4th quarter. IPG Investment Advisors LLC now owns 2,261 shares of the cryptocurrency exchange's stock worth $561,000 after purchasing an additional 45 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other Coinbase Global news, CEO Brian Armstrong sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $198.15, for a total transaction of $1,981,500.00. Following the sale, the chief executive officer now owns 526 shares in the company, valued at approximately $104,226.90. This trade represents a 95.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alesia J. Haas sold 5,700 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 144,470 shares of the company's stock, valued at $38,554,708.90. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,767 shares of company stock worth $45,798,184. Corporate insiders own 23.43% of the company's stock.

Coinbase Global Stock Down 2.0 %

Shares of COIN stock traded down $3.27 during trading hours on Monday, reaching $157.28. The company had a trading volume of 13,201,587 shares, compared to its average volume of 9,733,614. 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 company has a market cap of $39.93 billion, a price-to-earnings ratio of 16.56 and a beta of 3.65. The business has a fifty day simple moving average of $226.99 and a 200-day simple moving average of $243.17. Coinbase Global, Inc. has a 12 month low of $142.76 and a 12 month high of $349.75.

Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (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%. On average, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on COIN. Keefe, Bruyette & Woods increased their price target on Coinbase Global from $255.00 to $305.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Monness Crespi & Hardt set a $420.00 target price on shares of Coinbase Global in a research note on Tuesday, February 18th. HC Wainwright reiterated a "buy" rating and issued a $350.00 price target on shares of Coinbase Global in a research note on Friday, February 21st. Piper Sandler lifted their target price on Coinbase Global from $285.00 to $310.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group began coverage on Coinbase Global in a research report on Thursday, March 20th. They set a "neutral" rating and a $195.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $305.89.

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.