Oxford Wealth Group LLC Purchases Shares of 1,645 Coinbase Global, Inc. (NASDAQ:COIN)

Oxford Wealth Group LLC bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,645 shares of the cryptocurrency exchange's stock, valued at approximately $408,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Coinbase Global in the fourth quarter worth about $536,484,000. Groupama Asset Managment purchased a new position in Coinbase Global during the 4th quarter worth approximately $372,450,000. Proficio Capital Partners LLC grew its holdings in shares of Coinbase Global by 30,664.4% during the fourth quarter. Proficio Capital Partners LLC now owns 418,396 shares of the cryptocurrency exchange's stock valued at $103,888,000 after buying an additional 417,036 shares in the last quarter. Wellington Management Group LLP lifted its stake in Coinbase Global by 1,159.9% in the 4th quarter. Wellington Management Group LLP now owns 328,684 shares of the cryptocurrency exchange's stock worth $81,612,000 after acquiring an additional 302,595 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Coinbase Global by 614.8% in the 4th quarter. Franklin Resources Inc. now owns 343,348 shares of the cryptocurrency exchange's stock worth $85,253,000 after acquiring an additional 295,313 shares in the last quarter. Institutional investors own 68.84% of the company's stock.

Coinbase Global Stock Performance

COIN traded up $5.77 during trading on Friday, hitting $209.64. The stock had a trading volume of 8,046,856 shares, compared to its average volume of 9,703,817. 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, Inc. has a 12 month low of $142.58 and a 12 month high of $349.75. The company has a 50 day simple moving average of $193.01 and a 200-day simple moving average of $242.06. The firm has a market cap of $53.22 billion, a PE ratio of 22.07 and a beta of 3.65.

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%. Analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Activity

In other Coinbase Global news, CEO Brian Armstrong sold 25,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $270.99, for a total value of $6,774,750.00. Following the completion of the sale, the chief executive officer now directly owns 526 shares of the company's stock, valued at $142,540.74. This represents a 97.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alesia J. Haas sold 7,575 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $200.00, for a total transaction of $1,515,000.00. Following the transaction, the chief financial officer now owns 114,866 shares in the company, valued at approximately $22,973,200. The trade was a 6.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,970 shares of company stock valued at $38,672,615. 23.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Coinbase Global from $280.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Monness Crespi & Hardt set a $420.00 target price on shares of Coinbase Global in a research note on Tuesday, February 18th. Piper Sandler upped their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Mizuho reduced their price objective on Coinbase Global from $280.00 to $217.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Barclays dropped their target price on Coinbase Global from $328.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $295.65.

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.