New York State Teachers Retirement System Increases Stock Position in Coinbase Global, Inc. $COIN

New York State Teachers Retirement System raised its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 14.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 174,880 shares of the cryptocurrency exchange’s stock after purchasing an additional 22,423 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Coinbase Global worth $59,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 4,914,407 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $1,940,805,000 after acquiring an additional 1,755,146 shares during the period. Norges Bank purchased a new stake in shares of Coinbase Global during the 2nd quarter valued at about $1,044,354,000. Charles Schwab Investment Management Inc. grew its stake in shares of Coinbase Global by 53.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after acquiring an additional 504,068 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Coinbase Global by 14.6% during the second quarter. Legal & General Group Plc now owns 1,136,620 shares of the cryptocurrency exchange’s stock valued at $398,374,000 after purchasing an additional 145,047 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a report on Thursday. Rothschild & Co Redburn lowered their price target on Coinbase Global from $417.00 to $404.00 and set a “buy” rating on the stock in a report on Friday, November 28th. BTIG Research reaffirmed a “buy” rating and issued a $420.00 price objective on shares of Coinbase Global in a report on Thursday, December 18th. Jefferies Financial Group reiterated a “hold” rating and set a $384.00 price objective on shares of Coinbase Global in a research report on Wednesday, October 29th. Finally, Rosenblatt Securities raised their target price on Coinbase Global from $450.00 to $470.00 in a research report on Friday, October 31st. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $376.74.

Coinbase Global Price Performance

NASDAQ COIN opened at $240.78 on Monday. The business’s fifty day moving average is $263.36 and its 200 day moving average is $314.91. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $64.92 billion, a PE ratio of 20.83 and a beta of 3.70.

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

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.

Insider Activity

In other news, insider Paul Grewal sold 976 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $260.00, for a total transaction of $253,760.00. Following the sale, the insider directly owned 74,835 shares in the company, valued at $19,457,100. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of Coinbase Global stock in a transaction on Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 814,554 shares of company stock worth $239,762,837 in the last quarter. 16.56% of the stock is currently owned by insiders.

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.