Titan Wealth CI Ltd Acquires New Shares in Coinbase Global, Inc. $COIN

Titan Wealth CI Ltd acquired a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 17,646 shares of the cryptocurrency exchange’s stock, valued at approximately $3,990,000.

Several other large investors have also added to or reduced their stakes in COIN. West Family Investments Inc. grew its holdings in Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after buying an additional 33 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Coinbase Global by 32.2% in the third quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock valued at $51,000 after acquiring an additional 37 shares during the period. Bridgewater Advisors Inc. grew its stake in Coinbase Global by 1.2% during the third quarter. Bridgewater Advisors Inc. now owns 3,307 shares of the cryptocurrency exchange’s stock valued at $1,116,000 after acquiring an additional 38 shares in the last quarter. Formidable Asset Management LLC grew its stake in Coinbase Global by 2.2% during the fourth quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock valued at $469,000 after acquiring an additional 44 shares in the last quarter. Finally, L2 Asset Management LLC increased its holdings in Coinbase Global by 5.0% during the 3rd quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock worth $326,000 after acquiring an additional 46 shares during the period. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

COIN has been the topic of several recent analyst reports. Robert W. Baird lowered their target price on shares of Coinbase Global from $160.00 to $142.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Wedbush set a $224.00 price target on shares of Coinbase Global in a research report on Friday, May 8th. Oppenheimer decreased their price target on shares of Coinbase Global from $227.00 to $224.00 in a report on Friday, May 8th. President Capital increased their price objective on Coinbase Global from $236.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Barclays reduced their target price 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. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $250.23.

Coinbase Global Stock Performance

Coinbase Global stock opened at $169.27 on Wednesday. Coinbase Global, Inc. has a fifty-two week low of $139.36 and a fifty-two week 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 stock has a market cap of $44.60 billion, a P/E ratio of 63.64, a price-to-earnings-growth ratio of 5.40 and a beta of 3.32. The firm’s fifty day moving average price is $184.95 and its 200-day moving average price is $202.67.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm’s revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. On average, equities research analysts expect that Coinbase Global, Inc. will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at approximately $5,446,200. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total value of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at $14,991,110.64. This trade represents a 2.26% decrease in their ownership of the stock. 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 90 days, insiders have sold 30,647 shares of company stock valued at $5,740,941. 16.66% of the stock is owned by insiders.

More Coinbase Global News

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

• Positive Sentiment: Coinbase launched an AI-powered investment advisor, “Coinbase Advisor,” for U.S. Coinbase One members, using portfolio and account data to generate personalized guidance and trade ideas. Brian Armstrong Says Coinbase’s New AI Investment Advisor Will ‘Prompt You With Ideas You Hadn’t Thought Of’
• Positive Sentiment: The company expanded into stock and ETF trading, including ACATS portfolio transfers, zero-commission trading, fractional shares, and up to 3.5% rewards on eligible USDC balances, which could broaden engagement and attract more assets onto the platform. Coinbase lets users transfer stock portfolios as exchange expands beyond crypto
• Positive Sentiment: Coinbase also unveiled tokenized U.S. stocks with automatic dividends, adding another potential growth avenue as it competes to bring traditional assets on-chain. Coinbase Launches Real Tokenized Stocks, Robinhood, Kraken Race To Follow
• Positive Sentiment: Coinbase is pushing further into “everything exchange” territory with AI trading tools, prediction markets, derivatives, and global payments partnerships, which supports the case for a larger addressable market. Coinbase Global, Inc. (COIN) Discusses Unified Trading Platform, AI Integration, and Global Payments Innovations Prepared Remarks Transcript
• Neutral Sentiment: CEO Brian Armstrong’s comments about revisiting accredited investor rules and expanding access to private and public markets add to the company’s strategic narrative, but they are more policy-oriented than immediately revenue-driving. Coinbase CEO Brian Armstrong: ‘Time to Revisit’ US Accredited Investor Laws
• Negative Sentiment: The recent move still comes against a backdrop of weak recent stock performance and investor caution after Coinbase’s latest earnings miss earlier this year, which may be limiting enthusiasm despite the product announcements.

Coinbase Global Company 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.