951 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 951 shares of the cryptocurrency exchange's stock, valued at approximately $236,000.

Several other large investors have also made changes to their positions in COIN. RPg Family Wealth Advisory LLC acquired a new position in shares of Coinbase Global during the 3rd quarter worth about $25,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Coinbase Global during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Coinbase Global by 365.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange's stock worth $34,000 after purchasing an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Coinbase Global by 408.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange's stock worth $45,000 after purchasing an additional 204 shares during the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of Coinbase Global by 252.5% during the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange's stock worth $52,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company's stock.

Insider Buying and Selling

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $307.80, for a total value of $2,186,611.20. Following the transaction, the insider now directly owns 79,407 shares in the company, valued at approximately $24,441,474.60. This trade represents a 8.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 7,614 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $325.14, for a total value of $2,475,615.96. Following the completion of the transaction, the director now owns 10,417 shares in the company, valued at $3,386,983.38. The trade was a 42.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 334,306 shares of company stock worth $97,300,651 in the last three months. Insiders own 23.43% of the company's stock.

Coinbase Global Price Performance

NASDAQ COIN traded down $21.21 during trading hours on Friday, reaching $235.38. 17,115,442 shares of the company's stock were exchanged, compared to its average volume of 8,809,222. The stock has a market cap of $58.93 billion, a PE ratio of 24.78 and a beta of 3.61. Coinbase Global, Inc. has a one year low of $146.12 and a one year high of $349.75. The firm has a fifty day moving average of $277.26 and a 200-day moving average of $239.47. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41.

Coinbase Global (NASDAQ:COIN - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $330.00 price target on shares of Coinbase Global in a report on Thursday, February 13th. Oppenheimer cut their price target on Coinbase Global from $358.00 to $334.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Monness Crespi & Hardt upped their price target on Coinbase Global from $245.00 to $390.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Mizuho cut their price target on Coinbase Global from $290.00 to $280.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Bank of America upped their price target on Coinbase Global from $196.00 to $214.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global presently has an average rating of "Moderate Buy" and a consensus target price of $304.50.

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.