Coinbase Global, Inc. $COIN Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,496 shares of the cryptocurrency exchange’s stock after acquiring an additional 6,430 shares during the quarter. Rhumbline Advisers owned about 0.15% of Coinbase Global worth $128,413,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in COIN. Vanguard Group Inc. raised its position in Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares during the period. Norges Bank acquired a new position in Coinbase Global during the 2nd quarter worth approximately $1,044,354,000. Geode Capital Management LLC boosted its holdings in Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after acquiring an additional 1,755,146 shares during the period. Baillie Gifford & Co. acquired a new stake in Coinbase Global in the third quarter valued at approximately $198,249,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Coinbase announced “Agentic Wallets” — purpose-built wallets for AI agents that enable autonomous on‑chain spending, trading and DeFi management; this is product innovation that could drive developer adoption and new fee streams over time. Read More.
• Positive Sentiment: Interactive Brokers added Coinbase Derivatives nano and perpetual futures to its platform — expanding distribution for Coinbase’s derivatives products and potentially boosting trading volumes and fee-based revenue. Read More.
• Positive Sentiment: HC Wainwright lowered its price target but kept a “buy” stance (PT trimmed to $350), signaling some analysts still see upside from Coinbase’s long‑term positioning despite near‑term headwinds. Read More.
• Neutral Sentiment: Coinbase is pivoting its Base app to prioritize trading and is discontinuing the creator rewards program — this may streamline resources but narrows consumer-engagement experiments. Read More.
• Neutral Sentiment: Q4 earnings are due after the close and the options market is pricing a large implied move — that raises short‑term volatility and means results or guidance will likely drive the next major price reaction. Read More.
• Negative Sentiment: JPMorgan cut its price target sharply to $290 from $399 ahead of Q4 — a substantial revision that amplifies selling pressure even though the bank left an Overweight rating in place. Read More.
• Negative Sentiment: Cantor Fitzgerald and other shops also trimmed targets, adding to analyst-driven caution ahead of the report and increasing the risk premium priced into COIN. Read More.
• Negative Sentiment: CFO Alesia Haas sold 364,600 shares (filed Feb. 6) — a large insider sale that the market often interprets as a negative signal on near‑term conviction, particularly coming before earnings. Read More.
• Negative Sentiment: Sector/regulatory risk is rising: Congressional scrutiny of SEC enforcement choices and public criticism of Coinbase’s policy stances increase uncertainty about future enforcement or market-structure changes that could affect US operations. Read More.
• Negative Sentiment: Bitcoin volatility and recent spot-led selling have reduced crypto volumes and muted US retail participation — direct pressure on Coinbase’s transaction revenue. Read More.

Wall Street Analyst Weigh In

COIN has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Coinbase Global from $367.00 to $268.00 and set a “hold” rating for the company in a report on Monday, January 12th. Rothschild & Co Redburn reduced their price target on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. HC Wainwright reduced their target price on Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Coinbase Global in a research note on Friday, January 9th. Finally, Oppenheimer decreased their price target on Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Twenty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $340.08.

Insider Activity

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the sale, the chief financial officer owned 402,165 shares in the company, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 672,498 shares of company stock worth $137,109,701 in the last quarter. Company insiders own 16.56% of the company’s stock.

Coinbase Global Stock Down 5.7%

Coinbase Global stock opened at $153.20 on Thursday. 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, Inc. has a one year low of $142.58 and a one year high of $444.64. The company has a 50-day simple moving average of $229.25 and a 200-day simple moving average of $287.32. The firm has a market capitalization of $41.31 billion, a P/E ratio of 13.25 and a beta of 3.70.

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.