Lindbrook Capital LLC Has $5.35 Million Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Lindbrook Capital LLC raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 30.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,012 shares of the cryptocurrency exchange's stock after buying an additional 6,963 shares during the quarter. Lindbrook Capital LLC's holdings in Coinbase Global were worth $5,347,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in COIN. Creative Financial Designs Inc. ADV raised its holdings in Coinbase Global by 9.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange's stock valued at $106,000 after acquiring an additional 51 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Coinbase Global by 0.4% during the 2nd quarter. Fifth Third Bancorp now owns 12,498 shares of the cryptocurrency exchange's stock valued at $2,777,000 after acquiring an additional 55 shares in the last quarter. Versant Capital Management Inc increased its stake in Coinbase Global by 75.0% in the second quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange's stock valued at $30,000 after acquiring an additional 57 shares during the period. Larson Financial Group LLC increased its stake in Coinbase Global by 12.1% in the second quarter. Larson Financial Group LLC now owns 530 shares of the cryptocurrency exchange's stock valued at $118,000 after acquiring an additional 57 shares during the period. Finally, Benjamin Edwards Inc. raised its position in Coinbase Global by 3.1% in the second quarter. Benjamin Edwards Inc. now owns 2,009 shares of the cryptocurrency exchange's stock worth $446,000 after purchasing an additional 61 shares in the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Trading Up 5.9 %

Shares of NASDAQ:COIN traded up $15.16 during trading on Friday, hitting $270.74. 17,431,714 shares of the company's stock were exchanged, compared to its average volume of 12,968,342. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The firm has a market cap of $67.78 billion, a P/E ratio of 46.20 and a beta of 3.34. The firm has a 50-day moving average price of $184.92 and a two-hundred day moving average price of $209.24. Coinbase Global, Inc. has a 1-year low of $88.62 and a 1-year high of $283.48.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted ($0.01) EPS. The company's revenue for the quarter was up 78.8% compared to the same quarter last year. Equities analysts predict that Coinbase Global, Inc. will post 4.27 earnings per share for the current year.

Insider Activity

In related news, CFO Alesia J. Haas sold 5,250 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $195.25, for a total transaction of $1,025,062.50. Following the completion of the transaction, the chief financial officer now owns 169,786 shares in the company, valued at approximately $33,150,716.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Lawrence J. Brock sold 4,635 shares of Coinbase Global stock in a transaction dated 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 transaction, the insider now owns 18,525 shares in the company, valued at $4,631,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 5,250 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $195.25, for a total value of $1,025,062.50. Following the completion of the transaction, the chief financial officer now owns 169,786 shares of the company's stock, valued at $33,150,716.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,822 shares of company stock valued at $16,372,294 in the last ninety days. 23.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Monness Crespi & Hardt began coverage on Coinbase Global in a report on Monday, October 28th. They issued a "buy" rating and a $245.00 target price for the company. Compass Point dropped their price objective on Coinbase Global from $325.00 to $295.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Canaccord Genuity Group restated a "buy" rating and issued a $280.00 target price on shares of Coinbase Global in a research note on Thursday, October 31st. Mizuho upped their target price on shares of Coinbase Global from $160.00 to $178.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. Finally, Bank of America lifted their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Coinbase Global currently has an average rating of "Hold" and a consensus price target of $246.28.

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.