Natixis Advisors LLC Has $4.80 Million Stock Position in Coinbase Global, Inc. $COIN

Natixis Advisors LLC decreased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 21.6% in the fourth quarter, HoldingsChannel reports. The firm owned 21,210 shares of the cryptocurrency exchange’s stock after selling 5,850 shares during the period. Natixis Advisors LLC’s holdings in Coinbase Global were worth $4,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Coinbase Global in the 3rd quarter valued at $25,000. Palisade Asset Management LLC acquired a new stake in Coinbase Global during the 3rd quarter worth about $29,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Coinbase Global during the 3rd quarter worth about $35,000. JPL Wealth Management LLC acquired a new stake in Coinbase Global during the 3rd quarter worth about $49,000. Finally, GW&K Investment Management LLC boosted its position in Coinbase Global by 32.2% during the 3rd quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock worth $51,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds 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: Bitcoin’s rebound above $63,000 is helping lift crypto-linked stocks, and Coinbase often trades as a high-beta proxy for the digital asset market. Why Coinbase (COIN) Stock Is Trading Up Today
• Positive Sentiment: More than 200 crypto groups, including Coinbase, urged the Senate to vote on the Clarity Act, which could improve regulatory visibility for the industry and support Coinbase’s long-term business outlook. Over 200 Crypto Groups Urge Senate Clarity Act Vote
• Positive Sentiment: Coinbase is highlighting new growth opportunities such as crypto-backed mortgages and broader financial use cases for digital assets, which could expand its ecosystem beyond trading. Could Bitcoin Help You Buy Your Next Home? Coinbase Thinks It’s Possible.
• Neutral Sentiment: Coinbase CEO Brian Armstrong said the company is using cheaper AI models where possible to keep costs roughly flat while growing token usage, a sign of expense discipline rather than a direct near-term revenue driver. The cost-saving AI measure Coinbase’s CEO is taking to keep costs ‘roughly flat’ while growing token usage
• Negative Sentiment: Some recent coverage says Wall Street is losing faith in Coinbase as Bitcoin weakens, and analysts have also trimmed price targets, showing that sentiment can reverse quickly if crypto prices fall again. As Bitcoin Prices Plunge, Wall Street Is Losing Faith in Coinbase Stock

Coinbase Global Trading Up 6.4%

NASDAQ:COIN opened at $162.11 on Tuesday. The stock’s 50 day moving average price is $185.83 and its 200 day moving average price is $206.49. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The company has a market capitalization of $42.71 billion, a P/E ratio of 60.94, a P/E/G ratio of 5.28 and a beta of 3.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was down 30.5% on a year-over-year basis. On average, research analysts forecast that Coinbase Global, Inc. will post 1.77 EPS for the current fiscal year.

Insider Transactions at Coinbase Global

In related news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $189.01, for a total value of $1,250,490.16. Following the transaction, the insider owned 517 shares in the company, valued at approximately $97,718.17. This represents a 92.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the completion of the transaction, the chief financial officer owned 377,201 shares in the company, valued at $75,440,200. This represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 38,546 shares of company stock worth $7,422,495. Corporate insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COIN. Jefferies Financial Group raised their price objective on Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. The Goldman Sachs Group raised their price objective on Coinbase Global from $226.00 to $228.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on Coinbase Global from $252.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Barclays decreased their price objective on Coinbase Global from $140.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, May 8th. Finally, Monness Crespi & Hardt restated a “sell” rating on shares of Coinbase Global in a research report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $250.23.

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.