Coinbase Global, Inc. $COIN Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,762 shares of the cryptocurrency exchange’s stock after purchasing an additional 32,015 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Coinbase Global were worth $70,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COIN. Palisade Asset Management LLC acquired a new position in shares of Coinbase Global during the third quarter valued at approximately $29,000. Brooklands Fund Management Ltd acquired a new position in shares of Coinbase Global during the 4th quarter valued at $34,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Coinbase Global in the 3rd quarter worth $35,000. Stephens Consulting LLC lifted its holdings in shares of Coinbase Global by 99.0% in the fourth quarter. Stephens Consulting LLC now owns 201 shares of the cryptocurrency exchange’s stock valued at $45,000 after buying an additional 100 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its stake in Coinbase Global by 728.0% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 207 shares of the cryptocurrency exchange’s stock valued at $47,000 after buying an additional 182 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

More Coinbase Global News

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

• Positive Sentiment: Analysts at multiple firms reaffirmed bullish ratings on Coinbase, with price targets ranging from $220 to $280, signaling confidence in upside from current levels.
• Positive Sentiment: Jefferies said Coinbase’s expansion into tokenized equities and AI could broaden its addressable market and strengthen its “everything exchange” strategy.
• Positive Sentiment: Coinbase launched AI-powered investing tools, including an AI investment adviser, alongside new trading features such as tokenized stocks, pre-IPO exposure, and portfolio transfers, which may improve user engagement and revenue diversification.
• Positive Sentiment: Coinbase’s move into tokenized U.S. equities, dividend-bearing onchain assets, and expanded stock/ETF trading could help it compete more directly with traditional brokerages and fintech platforms.
• Neutral Sentiment: Coinbase-linked political spending and pro-crypto election results, such as the Alabama Senate runoff win backed by a crypto PAC, suggest improving regulatory and political momentum for the industry. Article Title

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price target on shares of Coinbase Global from $180.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Jefferies Financial Group lifted their price objective on shares of Coinbase Global from $151.00 to $181.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Sanford C. Bernstein cut their target price on shares of Coinbase Global from $440.00 to $330.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Weiss Ratings upgraded shares of Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, Rothschild & Co Redburn lifted their price target on shares of Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Coinbase Global has a consensus rating of “Hold” and an average target price of $250.65.

Insider Transactions at Coinbase Global

In other news, insider Lawrence J. Brock sold 6,616 shares of the stock in a transaction 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 completion of the sale, the insider owned 517 shares in the company, valued at $97,718.17. This represents a 92.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the sale, the insider owned 84,753 shares of the company’s stock, valued at $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 30,647 shares of company stock worth $5,740,941. 16.66% of the stock is currently owned by insiders.

Coinbase Global Price Performance

NASDAQ COIN opened at $164.91 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The company has a market cap of $43.45 billion, a PE ratio of 62.00, a PEG ratio of 5.98 and a beta of 3.32. The stock’s 50-day moving average price is $184.76 and its two-hundred day moving average price is $201.96.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing the consensus estimate of $0.06 by ($1.55). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The business’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, analysts predict that Coinbase Global, Inc. will post 1.74 EPS for the current year.

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.