FengHe Fund Management Pte. Ltd. Purchases 38,000 Shares of Coinbase Global, Inc. $COIN

FengHe Fund Management Pte. Ltd. grew its position in Coinbase Global, Inc. (NASDAQ:COIN) by 119.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,900 shares of the cryptocurrency exchange’s stock after buying an additional 38,000 shares during the quarter. Coinbase Global accounts for about 2.2% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 19th largest holding. FengHe Fund Management Pte. Ltd.’s holdings in Coinbase Global were worth $23,591,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Coinbase Global by 25.5% during the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after purchasing an additional 1,755,146 shares in the last quarter. Norges Bank bought a new position in shares of Coinbase Global in the 2nd quarter valued at $1,044,354,000. Charles Schwab Investment Management Inc. increased its stake in shares of Coinbase Global by 53.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Coinbase Global by 14.6% during the 2nd quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock worth $398,374,000 after buying an additional 145,047 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. President Capital raised their price objective on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald dropped their target price on shares of Coinbase Global from $459.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, December 18th. HC Wainwright upgraded shares of Coinbase Global from a “sell” rating to a “buy” rating and raised their price target for the company from $300.00 to $425.00 in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coinbase Global in a research report on Tuesday, October 14th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Coinbase Global in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.74.

Key Headlines Impacting Coinbase Global

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 Stock Performance

Coinbase Global stock opened at $240.78 on Friday. The business has a 50 day moving average of $263.36 and a 200-day moving average of $315.40. The company has a market capitalization of $64.92 billion, a P/E ratio of 20.83 and a beta of 3.70. Coinbase Global, Inc. has a 1 year low of $142.58 and a 1 year 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.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, topping 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 firm posted $0.28 EPS. The company’s revenue for the quarter was up 55.1% compared to the same quarter last year. On average, equities research analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 1,375 shares of Coinbase Global stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.03, for a total transaction of $343,791.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul Grewal sold 976 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total value of $253,760.00. Following the completion of the sale, the insider owned 74,835 shares in the company, valued at $19,457,100. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 839,554 shares of company stock worth $248,795,837. Company insiders own 16.56% of the company’s stock.

Coinbase Global 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.