32,270 Shares in Coinbase Global, Inc. $COIN Acquired by Aperture Investors LLC

Aperture Investors LLC purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,270 shares of the cryptocurrency exchange’s stock, valued at approximately $11,310,000. Coinbase Global accounts for 1.5% of Aperture Investors LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other large investors also recently bought and sold shares of COIN. Vanguard Group Inc. raised its position in Coinbase Global by 25.5% in the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after acquiring an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Coinbase Global by 46.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares during the period. Groupama Asset Managment grew its stake in shares of Coinbase Global by 100.0% during the 1st quarter. Groupama Asset Managment now owns 3,000,000 shares of the cryptocurrency exchange’s stock worth $516,690,000 after purchasing an additional 1,500,000 shares during the period. Norges Bank acquired a new stake in shares of Coinbase Global in the second quarter valued at about $1,044,354,000. Finally, Amundi boosted its holdings in Coinbase Global by 44.1% during the first quarter. Amundi now owns 1,574,434 shares of the cryptocurrency exchange’s stock worth $268,850,000 after buying an additional 481,786 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on COIN shares. HC Wainwright raised Coinbase Global from a “sell” rating to a “buy” rating and upped their target price for the company from $300.00 to $425.00 in a report on Thursday, October 30th. UBS Group set a $404.00 target price on shares of Coinbase Global in a report on Friday, October 24th. The Goldman Sachs Group reduced their price target on shares of Coinbase Global from $314.00 to $294.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. President Capital increased their price objective on shares of Coinbase Global from $401.00 to $472.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities upped their target price on shares of Coinbase Global from $450.00 to $470.00 in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $396.94.

Insider Buying and Selling

In other news, CAO Jennifer N. Jones sold 1,787 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $244.49, for a total value of $436,903.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alesia J. Haas sold 5,500 shares of Coinbase Global stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $273.62, for a total transaction of $1,504,910.00. Following the completion of the transaction, the chief financial officer directly owned 79,320 shares in the company, valued at $21,703,538.40. This represents a 6.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 733,096 shares of company stock worth $226,624,810. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Stock Up 1.2%

Coinbase Global stock opened at $277.36 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64. The company has a 50-day simple moving average of $312.73 and a 200-day simple moving average of $318.87. The firm has a market capitalization of $74.79 billion, a P/E ratio of 23.99 and a beta of 3.69.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.40. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The business’s revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

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.