Blue Square Asset Management LLC Has $4.79 Million Stake in Coinbase Global, Inc. $COIN

Blue Square Asset Management LLC boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 56.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,205 shares of the cryptocurrency exchange’s stock after purchasing an additional 5,129 shares during the quarter. Coinbase Global comprises approximately 2.1% of Blue Square Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. Blue Square Asset Management LLC’s holdings in Coinbase Global were worth $4,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of COIN. Vanguard Group Inc. increased 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 worth $8,484,964,000 after acquiring an additional 4,914,407 shares in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 1,755,146 shares during the last quarter. Norges Bank acquired a new position in Coinbase Global during the 2nd quarter valued at about $1,044,354,000. Charles Schwab Investment Management Inc. increased its holdings in Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after purchasing an additional 504,068 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Coinbase Global by 14.6% in 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 in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Coinbase Global News

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

• Positive Sentiment: Bitcoin rally lifts exchange volumes and trading activity, supporting Coinbase’s revenue outlook as BTC climbs above $97,000 — a key near-term driver for COIN. Bitcoin Is on the Rise Again. Why Some Experts Think This Might Last a While
• Positive Sentiment: Market commentary notes COIN moved higher even as the broader market dipped, reflecting crypto-led upside and investor interest. Coinbase Global, Inc. (COIN) Rises As Market Takes a Dip: Key Facts
• Positive Sentiment: Product/partnership development: Sharps Technology will use Coinbase to launch a Solana validator, showing ongoing product uptake and ecosystem expansion. Sharps Technology Taps Coinbase to Launch Solana Validator
• Neutral Sentiment: Senate markup is imminent (vote in ~72 hours) and odds of a clean bill are seen as low, keeping regulatory outcomes highly uncertain — this is a catalyst but outcome remains unclear. Senate Crypto Vote In 72 Hours: What Are The Chances Of The Bill Passing?
• Neutral Sentiment: Comparative analyst pieces (e.g., CRCL vs COIN) emphasize that different business models (stablecoin/platform vs trading-led) affect resilience — useful context for relative valuation decisions. CRCL vs. COIN: Which Crypto-Infrastructure Stock Has an Edge Now?
• Negative Sentiment: Regulatory setback: CEO Brian Armstrong announced Coinbase cannot support the Senate’s Digital Asset Market Clarity Act in its current form, saying it would be “materially worse” than the status quo — this raises the chance of prolonged uncertainty and political friction. Coinbase cannot support crypto bill in current form, CEO Armstrong says
• Negative Sentiment: Coinbase publicly withdrew support for the Clarity/Market Structure bill, arguing a “no bill” outcome is preferable to a bad bill — this could complicate industry lobbying dynamics and pressure near-term sentiment. Coinbase pulls support for crypto bill: ‘no bill’ better than ‘bad bill’
• Negative Sentiment: Analyst/price-target pressure: Bernstein cut its price target and Oppenheimer issued a pessimistic forecast, which could temper investor upside despite strong underlying volumes. Bernstein Lowers PT on Coinbase Global (COIN) Stock Oppenheimer Issues Pessimistic Forecast for Coinbase Global (NASDAQ:COIN) Stock Price

Insider Activity

In related news, Director Frederick Ernest Ehrsam III sold 277,074 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $309.92, for a total value of $85,870,774.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Emilie Choi sold 100,000 shares of the business’s 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 directly owned 187,802 shares in the company, valued at $58,383,885.76. The trade was a 34.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 808,412 shares of company stock valued at $237,645,711 in the last 90 days. Insiders own 16.56% of the company’s stock.

Analyst Ratings Changes

COIN has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $440.00 price target on shares of Coinbase Global in a research report on Tuesday, January 6th. Monness Crespi & Hardt upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a report on Monday, November 10th. Rothschild Redb raised shares of Coinbase Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Redburn Partners set a $417.00 price objective on shares of Coinbase Global in a research report on Friday, October 3rd. Finally, Piper Sandler decreased their price objective on shares of Coinbase Global from $350.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global has a consensus rating of “Moderate Buy” and a consensus target price of $372.51.

Coinbase Global Stock Up 1.3%

Coinbase Global stock opened at $255.86 on Thursday. The firm has a 50 day moving average price of $259.25 and a 200-day moving average price of $312.87. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $444.64. The company has a market capitalization of $68.99 billion, a P/E ratio of 22.13 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, beating 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 business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. Coinbase Global’s revenue for the quarter was up 55.1% on a year-over-year basis. As a group, equities analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

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.