Metis Global Partners LLC Acquires 1,447 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Metis Global Partners LLC increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 55.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,065 shares of the cryptocurrency exchange’s stock after acquiring an additional 1,447 shares during the period. Metis Global Partners LLC’s holdings in Coinbase Global were worth $1,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its holdings in Coinbase Global by 9.4% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after buying an additional 51 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Coinbase Global by 20.1% during the third quarter. Janney Montgomery Scott LLC now owns 38,634 shares of the cryptocurrency exchange’s stock worth $6,883,000 after acquiring an additional 6,466 shares during the last quarter. Van ECK Associates Corp grew its stake in Coinbase Global by 110.4% during the third quarter. Van ECK Associates Corp now owns 198,788 shares of the cryptocurrency exchange’s stock valued at $35,418,000 after acquiring an additional 104,292 shares in the last quarter. National Pension Service increased its holdings in Coinbase Global by 15.6% in the 3rd quarter. National Pension Service now owns 265,646 shares of the cryptocurrency exchange’s stock valued at $47,330,000 after acquiring an additional 35,839 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Coinbase Global by 3.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 68,193 shares of the cryptocurrency exchange’s stock valued at $12,150,000 after acquiring an additional 2,352 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 5,262 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $300.09, for a total value of $1,579,073.58. Following the transaction, the director now owns 10,417 shares of the company’s stock, valued at $3,126,037.53. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Grewal sold 10,978 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $211.93, for a total value of $2,326,567.54. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,455 shares of company stock worth $60,955,968. 23.43% of the stock is currently owned by insiders.

Coinbase Global Stock Up 3.3 %

Shares of NASDAQ COIN opened at $212.55 on Wednesday. Coinbase Global, Inc. has a 1 year low of $146.12 and a 1 year high of $349.75. The firm has a 50-day simple moving average of $265.52 and a two-hundred day simple moving average of $241.38. The company has a market cap of $53.96 billion, a P/E ratio of 22.37 and a beta of 3.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (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%. Research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. JMP Securities lifted their price objective on Coinbase Global from $400.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. HC Wainwright reiterated a “buy” rating and set a $350.00 target price on shares of Coinbase Global in a research report on Friday, February 21st. Finally, Canaccord Genuity Group raised their target price on shares of Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $311.56.

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.