Fideuram Intesa Sanpaolo Private Banking S.P.A. Increases Stock Position in Coinbase Global, Inc. $COIN

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 158.3% during the first quarter, HoldingsChannel.com reports. The fund owned 105,048 shares of the cryptocurrency exchange’s stock after buying an additional 64,373 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Coinbase Global were worth $18,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Patten Group Inc. increased its stake in Coinbase Global by 114.5% in the first quarter. Patten Group Inc. now owns 6,282 shares of the cryptocurrency exchange’s stock valued at $1,097,000 after purchasing an additional 3,353 shares during the period. Keybank National Association OH boosted its stake in shares of Coinbase Global by 24.1% during the first quarter. Keybank National Association OH now owns 3,218 shares of the cryptocurrency exchange’s stock worth $562,000 after buying an additional 624 shares during the period. Essex Financial Services Inc. acquired a new stake in shares of Coinbase Global during the first quarter worth about $318,000. Fulton Bank N.A. grew its holdings in shares of Coinbase Global by 1.1% during the first quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock worth $863,000 after buying an additional 53 shares during the last quarter. Finally, USS Investment Management Ltd grew its holdings in shares of Coinbase Global by 1.9% during the first quarter. USS Investment Management Ltd now owns 34,685 shares of the cryptocurrency exchange’s stock worth $6,056,000 after buying an additional 659 shares during the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Price Performance

Coinbase Global stock opened at $165.48 on Friday. Coinbase Global, Inc. has a one year low of $139.18 and a one year high of $444.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The business has a fifty day moving average of $177.92 and a two-hundred day moving average of $193.03. The company has a market cap of $43.60 billion, a P/E ratio of 62.21, a price-to-earnings-growth ratio of 5.62 and a beta of 3.35.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion for 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 revenue for the quarter was down 30.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. As a group, analysts predict that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

COIN has been the subject of several analyst reports. Compass Point reaffirmed a “sell” rating on shares of Coinbase Global in a research note on Monday, June 1st. Benchmark reissued a “buy” rating and issued a $270.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. BTIG Research restated a “buy” rating and set a $280.00 price target on shares of Coinbase Global in a research note on Wednesday, June 17th. Oppenheimer decreased their price target on Coinbase Global from $227.00 to $224.00 in a report on Friday, May 8th. Finally, Rothschild & Co Redburn lifted their price objective on shares of Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $250.65.

Insider Activity

In other Coinbase Global news, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the transaction, the chief financial officer directly owned 377,201 shares in the company, valued at approximately $75,440,200. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $158.15, for a total transaction of $324,365.65. 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. Insiders have sold 30,647 shares of company stock valued at $5,740,941 in the last quarter. Insiders own 16.66% of the company’s stock.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase is part of the newly launched Global Stablecoin Initiative/Open USD effort alongside Visa, Mastercard, and BNY, which could expand its role in mainstream digital payments and stablecoin infrastructure. Article Title
• Positive Sentiment: Crypto-linked stocks, including Coinbase, are participating in a broader bounce across the sector, helping sentiment after weakness in recent weeks. Article Title
• Neutral Sentiment: Coinbase Ventures was named as a backer of Venice AI’s new funding round, reinforcing Coinbase’s ongoing exposure to venture investing themes, though the direct stock impact appears limited. Article Title
• Neutral Sentiment: Coinbase CEO Brian Armstrong made headlines with comments on U.S. debt, fiscal safeguards, and AI/cybersecurity, but these were mostly policy and opinion pieces rather than direct business updates. Article Title
• Negative Sentiment: One analysis argued Coinbase is “further losing its grip,” reflecting concern that competitive pressure and shifting stablecoin economics could weigh on long-term growth. Article Title
• Negative Sentiment: Another report noted the Coinbase Premium has stayed negative, a sign that U.S. Bitcoin demand remains softer than on global venues and may temper trading enthusiasm. Article Title

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.