New York State Teachers Retirement System Acquires 22,423 Shares of Coinbase Global, Inc. $COIN

New York State Teachers Retirement System increased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,880 shares of the cryptocurrency exchange’s stock after purchasing an additional 22,423 shares during the period. New York State Teachers Retirement System’s holdings in Coinbase Global were worth $59,020,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COIN. Vanguard Group Inc. lifted its holdings in shares of Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after buying an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC grew its stake in Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after acquiring an additional 1,755,146 shares in the last quarter. Norges Bank bought a new stake in Coinbase Global in the 2nd quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. lifted its stake in Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after purchasing an additional 504,068 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Coinbase Global by 14.6% during the 2nd quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after purchasing an additional 145,047 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $240.78 on Monday. The stock’s fifty day moving average is $263.36 and its 200 day moving average is $314.91. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The firm has a market capitalization of $64.92 billion, a PE ratio of 20.83 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, topping the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. Coinbase Global’s quarterly revenue was up 55.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Coinbase Global News Roundup

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

Insider Buying and Selling

In related news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $309.92, for a total transaction of $85,870,774.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Emilie Choi sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the completion of the sale, the chief operating officer directly owned 187,802 shares of the company’s stock, valued at approximately $58,383,885.76. The trade was a 34.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 814,554 shares of company stock valued at $239,762,837. Company insiders own 16.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COIN shares. Needham & Company LLC reduced their target price on Coinbase Global from $400.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Erste Group Bank downgraded Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. Redburn Partners set a $417.00 target price on Coinbase Global in a research report on Friday, October 3rd. Rosenblatt Securities raised their target price on shares of Coinbase Global from $450.00 to $470.00 in a report on Friday, October 31st. Finally, Monness Crespi & Hardt upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global presently has an average rating of “Moderate Buy” and a consensus target price of $376.74.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.