1,258 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Tamar Securities LLC

Tamar Securities LLC bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,258 shares of the cryptocurrency exchange's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Banco Santander S.A. lifted its position in Coinbase Global by 12.7% during the 3rd quarter. Banco Santander S.A. now owns 148,906 shares of the cryptocurrency exchange's stock worth $26,531,000 after acquiring an additional 16,737 shares during the period. Global Retirement Partners LLC raised its stake in shares of Coinbase Global by 135.1% in the third quarter. Global Retirement Partners LLC now owns 2,680 shares of the cryptocurrency exchange's stock worth $477,000 after purchasing an additional 1,540 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Coinbase Global during the third quarter worth about $29,756,000. Lindbrook Capital LLC boosted its position in Coinbase Global by 30.2% in the third quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange's stock valued at $5,347,000 after buying an additional 6,963 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Coinbase Global during the 2nd quarter worth approximately $2,908,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Price Performance

Shares of NASDAQ:COIN traded up $3.83 during midday trading on Tuesday, hitting $281.82. The company had a trading volume of 4,486,410 shares, compared to its average volume of 8,455,416. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50-day simple moving average is $289.59 and its 200-day simple moving average is $234.36. Coinbase Global, Inc. has a twelve month low of $114.51 and a twelve month high of $349.75. The stock has a market cap of $70.55 billion, a price-to-earnings ratio of 48.09 and a beta of 3.59.

Coinbase Global (NASDAQ:COIN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.13). Coinbase Global had a return on equity of 14.81% and a net margin of 29.76%. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the business posted ($0.01) EPS. The business's revenue for the quarter was up 78.8% on a year-over-year basis. On average, research analysts predict that Coinbase Global, Inc. will post 4.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Coinbase Global from $275.00 to $255.00 and set a "market perform" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group cut their price target on Coinbase Global from $397.00 to $340.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Barclays boosted their price objective on Coinbase Global from $204.00 to $355.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. B. Riley began coverage on Coinbase Global in a report on Wednesday, October 23rd. They set a "neutral" rating and a $185.00 target price on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $295.00 price target on shares of Coinbase Global in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $282.83.

Insider Activity

In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the company's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $203.30, for a total transaction of $304,950.00. Following the completion of the transaction, the chief operating officer now owns 175,101 shares in the company, valued at approximately $35,598,033.30. This represents a 0.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Armstrong sold 58,269 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $328.00, for a total value of $19,112,232.00. Following the completion of the sale, the chief executive officer now directly owns 526 shares of the company's stock, valued at $172,528. This represents a 99.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 367,489 shares of company stock worth $109,624,297. 23.43% of the stock is currently owned by corporate insiders.

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.