Commonwealth Equity Services LLC Trims Position in Coinbase Global, Inc. $COIN

Commonwealth Equity Services LLC reduced its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,070 shares of the cryptocurrency exchange’s stock after selling 3,507 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Coinbase Global were worth $16,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COIN. Earned Wealth Advisors LLC boosted its position in shares of Coinbase Global by 13.5% during the 3rd quarter. Earned Wealth Advisors LLC now owns 766 shares of the cryptocurrency exchange’s stock worth $259,000 after purchasing an additional 91 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Coinbase Global by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,820 shares of the cryptocurrency exchange’s stock valued at $28,626,000 after purchasing an additional 389 shares in the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at about $337,000. Fifth Third Wealth Advisors LLC boosted its holdings in Coinbase Global by 19.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,805 shares of the cryptocurrency exchange’s stock worth $609,000 after buying an additional 289 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in Coinbase Global during the third quarter worth about $317,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In related news, COO Emilie Choi sold 100,000 shares of Coinbase Global stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the sale, the chief operating officer owned 187,802 shares of the company’s stock, valued at $58,383,885.76. The trade was a 34.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 839,554 shares of company stock valued at $248,795,837 over the last three months. 16.56% of the stock is owned by company insiders.

Coinbase Global News Summary

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

• Positive Sentiment: Bank of America upgraded COIN to Buy with a $340 target, citing expansion into 24/5 stock trading, prediction markets, real‑world asset tokenization and possible Base‑token monetization — the upgrade signals meaningful upside if execution continues. Read More.
• Positive Sentiment: External integrations are expanding Coinbase’s ecosystem: OwlTing announced integration with Coinbase’s x402 standard (AI‑initiated payments), which could broaden on‑ramps for merchant payments and demand for Coinbase infrastructure. Read More.
• Positive Sentiment: Multiple brokerages and Wall Street notes (including Goldman/Bernstein/Monness coverage items this week) have refreshed Buy ratings or reiterated bullish views, supporting flows into the stock on the upgrade narrative. Read More.
• Neutral Sentiment: Options market activity is elevated — more volume and positioning details could amplify intraday moves but don’t change fundamentals; watch skew and open interest for near‑term volatility signals. Read More.
• Neutral Sentiment: Management is pitching 2026 as a shift from exchange to “global market operator” — a bullish strategic narrative if realized, but it requires execution and time to materially change multiples. Read More.
• Negative Sentiment: Insider selling: CEO Brian Armstrong and director Fred Ehrsam disclosed sizeable share sales in early January; such moves often sap near‑term sentiment even if they’re pre‑planned/routine. Read More.
• Negative Sentiment: CEO comments warning that China’s interest‑paying digital yuan could create a competitive payments edge have raised policy and market‑share concerns for dollar‑pegged stablecoins — a potential margin/competitive headwind. Read More.
• Negative Sentiment: Regional execution/regulatory snags (e.g., paused fiat rails in Argentina) plus recent bitcoin weakness and technical chart pressure are adding flow and technical selling into COIN. Read More. Read More.

Coinbase Global Trading Down 2.0%

NASDAQ COIN opened at $240.78 on Friday. The company has a market cap of $64.92 billion, a P/E ratio of 20.83 and a beta of 3.70. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The company has a 50-day moving average of $263.36 and a 200-day moving average of $315.40.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COIN. Cantor Fitzgerald decreased their price target on Coinbase Global from $459.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, December 18th. Wall Street Zen downgraded Coinbase Global from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. JPMorgan Chase & Co. lowered their target price on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group raised Coinbase Global from a “neutral” rating to a “buy” rating and set a $303.00 price target for the company in a research note on Monday. Finally, Mizuho set a $280.00 price objective on shares of Coinbase Global in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $376.74.

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.