K.J. Harrison & Partners Inc Makes New $2.23 Million Investment in Coinbase Global, Inc. $COIN

K.J. Harrison & Partners Inc bought a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the cryptocurrency exchange’s stock, valued at approximately $2,232,000.

Several other large investors also recently modified their holdings of the stock. Capital Advisors Wealth Management LLC lifted its stake 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 valued at $523,000 after purchasing an additional 30 shares during 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 valued at $39,000 after buying an additional 32 shares during the period. StoneX Group Inc. lifted its position in shares of Coinbase Global by 1.8% during the 2nd quarter. StoneX Group Inc. now owns 1,970 shares of the cryptocurrency exchange’s stock valued at $690,000 after buying an additional 34 shares during the last quarter. Forvis Mazars Wealth Advisors LLC grew its stake in shares of Coinbase Global by 3.4% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock worth $351,000 after acquiring an additional 34 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Coinbase Global by 17.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 241 shares of the cryptocurrency exchange’s stock worth $81,000 after acquiring an additional 35 shares during the last quarter. 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: Major product launch — Coinbase opened U.S. stock and ETF trading (24 hours a day, five days a week), with 6k–8k+ securities, fractional shares, instant funding and USD/USDC rails. This broadens revenue opportunities, increases user engagement, and positions COIN to compete with retail brokers. Read More.
• Positive Sentiment: “Everything Exchange” narrative reinforced — multiple outlets frame the stock trading rollout as a game‑changer that expands Coinbase from crypto-only into multi-asset retail execution and custody, a strategic pivot that could lift lifetime value per user and diversify fee streams. Read More.
• Positive Sentiment: Stablecoin revenue upside — Bloomberg Intelligence estimates Coinbase’s USDC-related revenue could rise materially (2x–7x) if USDC adoption in payments accelerates, highlighting a high‑margin revenue line beyond trading fees. That expansion thesis supports longer-term earnings upside. Read More.
• Positive Sentiment: Crypto market tailwinds — a fresh leg higher in Bitcoin improved sentiment and helped COIN shares; positive crypto price action typically boosts exchange volumes and fee revenue. Read More.
• Neutral Sentiment: Market structure & trading playbook — Coinbase published BTC price-level guidance (key zones near $60k and $82k) that traders will use to time activity; useful for forecasting future volume but not an immediate revenue driver. Read More.
• Neutral Sentiment: Coinbase Credit activity — the exchange is extending institutional-style services (example: $30M facility to Smarter Web), showing product depth but limited near-term P&L impact relative to trading revenues. Read More.
• Negative Sentiment: Analyst pushback / price-target cut — China Renaissance lowered COIN’s price target to $223.20, signaling continued analyst caution and reminding investors that multiple quarters of muted trading volumes and profit variability still pose valuation risk. Read More.
• Neutral Sentiment: Mixed market signals — a short-interest update in late February contained anomalous zero values and is not currently a clear headwind; watch official short-interest releases for cleaner signals on positioning.

Insider Transactions at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $273.86, for a total transaction of $10,954,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 513,775 shares of company stock valued at $95,046,092. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Trading Up 13.5%

Coinbase Global stock opened at $183.94 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week high of $444.64. The stock has a market cap of $48.57 billion, a P/E ratio of 41.90, a PEG ratio of 2.33 and a beta of 3.70. The firm’s fifty day moving average price is $209.04 and its 200-day moving average price is $275.30.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.Coinbase Global’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.68 earnings per share. Equities research analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on COIN. Cantor Fitzgerald dropped their price objective on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. The Goldman Sachs Group lowered their price target on shares of Coinbase Global from $310.00 to $264.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Piper Sandler cut their price objective on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, February 13th. B. Riley Financial boosted their target price on shares of Coinbase Global from $185.00 to $243.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a research report on Thursday, January 8th. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $278.54.

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.