Czech National Bank Purchases 5,707 Shares of Coinbase Global, Inc. $COIN

Czech National Bank boosted its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,439 shares of the cryptocurrency exchange’s stock after acquiring an additional 5,707 shares during the period. Czech National Bank’s holdings in Coinbase Global were worth $19,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd raised its holdings in shares of Coinbase Global by 92.3% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after purchasing an additional 36 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Coinbase Global during the second quarter valued at approximately $30,000. City State Bank bought a new position in Coinbase Global in the second quarter worth approximately $33,000. Financial Gravity Companies Inc. purchased a new stake in Coinbase Global during the second quarter worth $34,000. Finally, Fourth Dimension Wealth LLC boosted its position in Coinbase Global by 300.0% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 100 shares of the cryptocurrency exchange’s stock valued at $35,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $273.86, for a total transaction of $10,954,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $280.27, for a total transaction of $770,742.50. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 791,804 shares of company stock worth $240,485,568. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Trading Down 2.0%

Shares of Coinbase Global stock opened at $239.20 on Friday. The firm’s 50 day simple moving average is $295.99 and its two-hundred day simple moving average is $318.05. The firm has a market capitalization of $64.50 billion, a price-to-earnings ratio of 20.69 and a beta of 3.69. Coinbase Global, Inc. has a 12-month low of $142.58 and a 12-month high of $444.64. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The business’s quarterly revenue was up 55.1% compared to the same quarter last year. Analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Wall Street Analysts Forecast Growth

COIN has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a research report on Tuesday, October 14th. The Goldman Sachs Group set a $294.00 target price on shares of Coinbase Global and gave the stock a “neutral” rating in a report on Thursday. BTIG Research restated a “buy” rating and issued a $420.00 price target on shares of Coinbase Global in a report on Thursday. Benchmark reaffirmed a “buy” rating on shares of Coinbase Global in a research report on Friday, October 31st. Finally, HC Wainwright upgraded shares of Coinbase Global from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $300.00 to $425.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coinbase Global presently has a consensus rating of “Moderate Buy” and an average target price of $383.54.

Coinbase Global Profile

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.