Coinbase Global, Inc. (NASDAQ:COIN) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc increased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 304.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,218 shares of the cryptocurrency exchange’s stock after purchasing an additional 64,897 shares during the period. TD Asset Management Inc’s holdings in Coinbase Global were worth $14,995,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COIN. Principal Financial Group Inc. boosted its stake in Coinbase Global by 5.3% in the third quarter. Principal Financial Group Inc. now owns 17,483 shares of the cryptocurrency exchange’s stock valued at $1,313,000 after acquiring an additional 884 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Coinbase Global by 256.8% in the third quarter. Victory Capital Management Inc. now owns 66,446 shares of the cryptocurrency exchange’s stock valued at $4,989,000 after acquiring an additional 47,825 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Coinbase Global by 8.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 70,700 shares of the cryptocurrency exchange’s stock valued at $5,308,000 after acquiring an additional 5,591 shares in the last quarter. Barclays PLC boosted its stake in Coinbase Global by 41.5% in the third quarter. Barclays PLC now owns 404,779 shares of the cryptocurrency exchange’s stock valued at $30,394,000 after acquiring an additional 118,670 shares in the last quarter. Finally, Metis Global Partners LLC acquired a new position in Coinbase Global in the third quarter valued at $203,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. HC Wainwright upped their target price on shares of Coinbase Global from $250.00 to $300.00 and gave the company a “buy” rating in a report on Monday, April 29th. Wedbush upped their target price on shares of Coinbase Global from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $320.00 target price on shares of Coinbase Global in a report on Friday, May 3rd. Singular Research reaffirmed a “buy” rating on shares of Coinbase Global in a report on Wednesday, May 8th. Finally, Mizuho upped their target price on shares of Coinbase Global from $84.00 to $145.00 and gave the company an “underperform” rating in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Coinbase Global currently has an average rating of “Hold” and a consensus price target of $214.67.

Get Our Latest Stock Analysis on Coinbase Global

Insider Buying and Selling at Coinbase Global

In other news, COO Emilie Choi sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $195.90, for a total value of $293,850.00. Following the sale, the chief operating officer now directly owns 204,436 shares in the company, valued at $40,049,012.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Emilie Choi sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $195.90, for a total value of $293,850.00. Following the sale, the chief operating officer now directly owns 204,436 shares in the company, valued at $40,049,012.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Wilson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $241.28, for a total transaction of $3,619,200.00. Following the completion of the sale, the director now owns 180,539 shares in the company, valued at $43,560,449.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 465,233 shares of company stock valued at $106,055,266. Corporate insiders own 23.43% of the company’s stock.

Coinbase Global Trading Down 3.8 %

Shares of Coinbase Global stock opened at $225.92 on Monday. Coinbase Global, Inc. has a 12-month low of $46.43 and a 12-month high of $283.48. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.52. The stock has a market cap of $55.48 billion, a PE ratio of 45.09 and a beta of 3.46. The company has a 50-day moving average of $231.22 and a two-hundred day moving average of $186.43.

Coinbase Global (NASDAQ:COINGet Free Report) last issued its earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.26 billion. On average, research analysts anticipate that Coinbase Global, Inc. will post 5.01 EPS for the current fiscal year.

Coinbase Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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