Coinbase Global, Inc. (NASDAQ:COIN) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,196 shares of the cryptocurrency exchange's stock after buying an additional 46,634 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.07% of Coinbase Global worth $43,998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of COIN. Wellington Management Group LLP lifted its stake in shares of Coinbase Global by 168.2% in the 3rd quarter. Wellington Management Group LLP now owns 26,089 shares of the cryptocurrency exchange's stock valued at $4,648,000 after purchasing an additional 16,363 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter worth about $252,000. Virtu Financial LLC purchased a new position in shares of Coinbase Global in the 3rd quarter valued at about $3,866,000. Savant Capital LLC purchased a new position in Coinbase Global during the fourth quarter worth approximately $591,000. Finally, Principal Financial Group Inc. grew its holdings in Coinbase Global by 219.2% in the third quarter. Principal Financial Group Inc. now owns 53,648 shares of the cryptocurrency exchange's stock valued at $9,558,000 after purchasing an additional 36,843 shares during the period. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Trading Down 0.6 %

Shares of COIN traded down $1.01 during trading on Tuesday, reaching $175.57. 5,331,763 shares of the company traded hands, compared to its average volume of 9,741,335. The stock has a 50-day simple moving average of $208.05 and a 200-day simple moving average of $242.29. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $349.75. The stock has a market cap of $44.57 billion, a PE ratio of 18.48 and a beta of 3.65.

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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, analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Activity

In other Coinbase Global news, insider Paul Grewal sold 10,978 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $211.93, for a total value of $2,326,567.54. Following the completion of the transaction, the insider now owns 83,313 shares in the company, valued at $17,656,524.09. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Alesia J. Haas sold 5,700 shares of Coinbase Global stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total value of $1,521,159.00. Following the completion of the transaction, the chief financial officer now owns 144,470 shares of the company's stock, valued at approximately $38,554,708.90. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,767 shares of company stock valued at $48,326,134. 23.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on COIN. The Goldman Sachs Group assumed coverage on shares of Coinbase Global in a research note on Thursday, March 20th. They issued a "neutral" rating and a $195.00 price target on the stock. Bank of America reduced their target price on Coinbase Global from $363.00 to $311.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Needham & Company LLC restated a "buy" rating and issued a $330.00 price objective on shares of Coinbase Global in a report on Thursday, February 13th. Piper Sandler increased their target price on shares of Coinbase Global from $285.00 to $310.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Finally, Barclays dropped their price objective on shares of Coinbase Global from $328.00 to $169.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Coinbase Global has an average rating of "Moderate Buy" and a consensus price target of $298.74.

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.