Windmill Hill Asset Management Ltd Sells 1,355 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Windmill Hill Asset Management Ltd cut its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,160 shares of the cryptocurrency exchange’s stock after selling 1,355 shares during the period. Coinbase Global comprises approximately 0.8% of Windmill Hill Asset Management Ltd’s holdings, making the stock its 15th largest position. Windmill Hill Asset Management Ltd’s holdings in Coinbase Global were worth $785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Coinbase Global in the third quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new stake in Coinbase Global in the third quarter worth about $32,000. 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 valued at $34,000 after buying an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Coinbase Global by 408.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after acquiring an additional 204 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in Coinbase Global during the 3rd quarter worth approximately $55,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Price Performance

Shares of COIN stock opened at $270.37 on Friday. The stock has a 50 day moving average price of $285.66 and a 200 day moving average price of $236.83. Coinbase Global, Inc. has a 52-week low of $114.51 and a 52-week high of $349.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $67.69 billion, a P/E ratio of 46.14 and a beta of 3.61.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $307.80, for a total transaction of $2,186,611.20. Following the transaction, the insider now owns 79,407 shares of the company’s stock, valued at approximately $24,441,474.60. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 15,228 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $280.51, for a total transaction of $4,271,606.28. Following the completion of the transaction, the director now directly owns 10,417 shares of the company’s stock, valued at $2,922,072.67. This trade represents a 59.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 401,798 shares of company stock worth $119,826,444 over the last quarter. Company insiders own 23.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. HC Wainwright restated a “buy” rating and set a $295.00 price objective on shares of Coinbase Global in a research report on Tuesday, October 29th. Monness Crespi & Hardt lifted their target price on Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Bank of America increased their price objective 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. Barclays lifted their target price on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Coinbase Global in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Coinbase Global currently has an average rating of “Moderate Buy” and a consensus target price of $284.06.

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.