Coinbase Global, Inc. (NASDAQ:COIN) Stock Holdings Lessened by Oakworth Capital Inc.

Oakworth Capital Inc. lessened its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 400 shares of the cryptocurrency exchange’s stock after selling 152 shares during the period. Oakworth Capital Inc.’s holdings in Coinbase Global were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COIN. Empowered Funds LLC boosted its holdings in shares of Coinbase Global by 0.8% during the third quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock valued at $924,000 after acquiring an additional 43 shares during the period. Yousif Capital Management LLC lifted its position in Coinbase Global by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock valued at $635,000 after purchasing an additional 44 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in Coinbase Global by 3.2% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock worth $365,000 after purchasing an additional 45 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Coinbase Global by 9.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after purchasing an additional 51 shares during the period. Finally, Pallas Capital Advisors LLC increased its stake in shares of Coinbase Global by 2.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,625 shares of the cryptocurrency exchange’s stock valued at $652,000 after purchasing an additional 51 shares during the period. Institutional investors own 68.84% of the company’s stock.

Insider Activity

In related news, insider Paul Grewal sold 7,104 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $307.80, for a total value of $2,186,611.20. Following the completion of the sale, the insider now directly owns 79,407 shares of the company’s stock, valued at approximately $24,441,474.60. This represents a 8.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence J. Brock sold 15,858 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $298.98, for a total value of $4,741,224.84. Following the sale, the insider now owns 21,019 shares of the company’s stock, valued at $6,284,260.62. The trade was a 43.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 401,798 shares of company stock worth $119,826,444 over the last 90 days. 23.43% of the stock is owned by company insiders.

Coinbase Global Price Performance

COIN stock opened at $270.37 on Friday. Coinbase Global, Inc. has a one year low of $114.51 and a one year high of $349.75. The firm has a 50-day moving average of $285.66 and a two-hundred day moving average of $236.83. The firm has a market capitalization of $67.69 billion, a PE ratio of 46.14 and a beta of 3.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

COIN has been the subject of several analyst reports. Needham & Company LLC increased their price objective on Coinbase Global from $375.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays increased their price target on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Monness Crespi & Hardt lifted their price objective on shares of 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 target price on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Coinbase Global from $275.00 to $255.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Coinbase Global has an average rating of “Moderate Buy” and an average target price of $289.06.

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.