Nwam LLC Acquires 2,628 Shares of Coinbase Global, Inc. $COIN

Nwam LLC grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 21.5% during the 3rd quarter, Holdings Channel reports. The fund owned 14,862 shares of the cryptocurrency exchange’s stock after buying an additional 2,628 shares during the period. Nwam LLC’s holdings in Coinbase Global were worth $4,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cadent Capital Advisors LLC raised its holdings in Coinbase Global by 1.0% in the 2nd quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange’s stock worth $1,108,000 after purchasing an additional 30 shares during the period. Ameriflex Group Inc. increased its position in Coinbase Global by 20.0% in the second quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after buying an additional 30 shares in the last quarter. Capital Advisors Wealth Management LLC increased its position in Coinbase Global by 2.0% in the third quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock worth $523,000 after buying an additional 30 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Coinbase Global by 37.6% in the third quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock worth $39,000 after buying an additional 32 shares during the period. Finally, Pettinga Financial Advisors LLC lifted its position in shares of Coinbase Global by 2.6% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange’s stock valued at $463,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Down 6.5%

Shares of Coinbase Global stock opened at $239.28 on Friday. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $444.64. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $258.13 and a 200-day moving average price of $312.36. The firm has a market cap of $64.52 billion, a price-to-earnings ratio of 20.70 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.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 prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 55.1% on a year-over-year basis. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $309.92, for a total transaction of $85,870,774.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Emilie Choi sold 100,000 shares of Coinbase Global stock in a transaction on 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 transaction, the chief operating officer directly owned 187,802 shares of the company’s stock, valued at $58,383,885.76. The trade was a 34.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 808,412 shares of company stock worth $237,645,711. 16.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on COIN shares. Argus restated a “hold” rating on shares of Coinbase Global in a research note on Tuesday, November 25th. Cantor Fitzgerald decreased their price objective on shares of Coinbase Global from $459.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, December 18th. B. Riley upped their target price on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Erste Group Bank cut Coinbase Global from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Rothschild & Co Redburn dropped their price objective on Coinbase Global from $417.00 to $404.00 and set a “buy” rating for the company in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Coinbase Global has an average rating of “Moderate Buy” and a consensus price target of $362.72.

More Coinbase Global News

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

• Positive Sentiment: U.S. institutional bitcoin buying has picked up, with the Coinbase premium gap turning positive — a sign American whales are buying and that Coinbase could benefit from higher trading volumes and fee revenue. Read More.
• Positive Sentiment: Some sell-side support remains: Daiwa reiterated a buy on COIN (a vote of confidence that could limit downside if sentiment stabilizes). Read More.
• Neutral Sentiment: Senate timing remains uncertain but negotiators say progress is possible — Coinbase’s objections paused a markup, and senators indicate a revised vote could be scheduled in a few weeks, leaving the regulatory outcome unresolved. Read More.
• Negative Sentiment: Coinbase withdrew support for the CLARITY/market-structure bill, arguing it would ban certain stablecoin rewards, limit tokenized equities and give overbroad authority to regulators — Armstrong said banks are lobbying to stifle competition; the move spooked markets and delayed legislation. Read More.
• Negative Sentiment: Investors moved to hedge: unusually large put-option volume was reported (hundreds of thousands of puts traded), signaling heightened bearish positioning or hedging after the bill fallout. (market data cited in news flow)
• Negative Sentiment: Analysts adjusted targets/ratings amid the turmoil — Jefferies cut its price target to $268 (hold), and China Renaissance trimmed its target to $301.50 (still buy), reflecting mixed views and increased near-term risk. Read More. Read More.
• Negative Sentiment: Coinbase was cited as a large detractor in some funds (e.g., ARK ETFs) during Q4 weakness, underscoring that equity investors may punish COIN more than crypto moves when volumes drop. Read More.

Coinbase Global Profile

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.