Xponance Inc. Has $1.12 Million Position in Coinbase Global, Inc. (NASDAQ:COIN)

Xponance Inc. boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 6,454 shares of the cryptocurrency exchange’s stock after purchasing an additional 193 shares during the period. Xponance Inc.’s holdings in Coinbase Global were worth $1,122,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barrett & Company Inc. bought a new position in Coinbase Global in the fourth quarter valued at approximately $26,000. AlphaMark Advisors LLC bought a new position in Coinbase Global in the fourth quarter valued at approximately $33,000. Harbor Investment Advisory LLC lifted its stake in Coinbase Global by 68.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock valued at $43,000 after buying an additional 100 shares in the last quarter. Coston McIsaac & Partners bought a new position in Coinbase Global in the fourth quarter valued at approximately $52,000. Finally, Steph & Co. lifted its stake in Coinbase Global by 100.0% in the fourth quarter. Steph & Co. now owns 300 shares of the cryptocurrency exchange’s stock valued at $52,000 after buying an additional 150 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In related news, insider Paul Grewal sold 42,113 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $190.34, for a total value of $8,015,788.42. Following the transaction, the insider now directly owns 66,122 shares in the company, valued at $12,585,661.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Paul Grewal sold 42,113 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $190.34, for a total value of $8,015,788.42. Following the transaction, the insider now directly owns 66,122 shares in the company, valued at $12,585,661.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 97,836 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $131.57, for a total transaction of $12,872,282.52. Following the completion of the transaction, the director now owns 6,072 shares in the company, valued at $798,893.04. The disclosure for this sale can be found here. Insiders have sold a total of 515,828 shares of company stock worth $95,846,182 over the last ninety days. Insiders own 33.16% of the company’s stock.

Coinbase Global Price Performance

NASDAQ:COIN opened at $224.37 on Thursday. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48. The company has a market cap of $54.36 billion, a P/E ratio of 831.00 and a beta of 3.41. The firm’s fifty day moving average price is $229.46 and its two-hundred day moving average price is $159.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 15th. The cryptocurrency exchange reported $1.04 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same period in the previous year, the company earned ($2.46) earnings per share. The company’s quarterly revenue was up 51.6% on a year-over-year basis. Equities analysts expect that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on COIN shares. JPMorgan Chase & Co. lifted their price target on shares of Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Sanford C. Bernstein boosted their price objective on shares of Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Raymond James raised shares of Coinbase Global from an “underperform” rating to a “market perform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group raised shares of Coinbase Global from a “sell” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, Needham & Company LLC boosted their price objective on shares of Coinbase Global from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Coinbase Global presently has an average rating of “Hold” and an average target price of $165.43.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.