First Citizens Bank & Trust Co. Invests $10.62 Million in Coinbase Global, Inc. $COIN

First Citizens Bank & Trust Co. acquired a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 31,473 shares of the cryptocurrency exchange’s stock, valued at approximately $10,622,000.

A number of other hedge funds also recently bought and sold shares of COIN. Bessemer Group Inc. grew its stake in shares of Coinbase Global by 672.2% during the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after buying an additional 1,015 shares during the last quarter. SP Asset Management LLC purchased a new stake in Coinbase Global during the 2nd quarter valued at about $360,000. New York Life Investment Management LLC grew its position in Coinbase Global by 890.8% during the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock worth $11,033,000 after acquiring an additional 28,302 shares during the last quarter. Lauterbach Financial Advisors LLC purchased a new position in Coinbase Global in the 2nd quarter worth approximately $390,000. Finally, Atria Investments Inc bought a new stake in Coinbase Global in the second quarter valued at approximately $1,137,000. Institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other 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 stock was sold at an average price of $309.92, for a total value of $85,870,774.08. The transaction was disclosed in a legal filing 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 that occurred on Monday, November 17th. The shares were sold at an average price of $271.87, for a total value of $10,874,800.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 820,587 shares of company stock valued at $240,717,580. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Trading Down 2.8%

Shares of COIN opened at $216.95 on Friday. The firm’s 50-day moving average price is $249.62 and its 200-day moving average price is $306.95. The firm has a market capitalization of $58.50 billion, a price-to-earnings ratio of 18.77 and a beta of 3.70. 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, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64.

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

Coinbase Global News Roundup

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

• Positive Sentiment: Launched an independent expert board to assess quantum‑computing threats and publish guidance — a proactive security move that reduces long-term systemic risk for Coinbase and crypto infrastructure. Coinbase forms board to assess quantum computing risks to blockchain
• Positive Sentiment: Coinbase says crypto entered 2026 with a healthier market structure — a messaging point that could support higher trading volumes and investor confidence if market conditions hold. Coinbase Says Crypto Enters 2026 With Healthier Market Structure
• Positive Sentiment: Announced support with Circle to create an on‑chain economy in Bermuda — a business development that could expand product reach and regulatory experimentation outside the U.S. Coinbase, Circle Announce Support To Create World’s First ‘On-Chain Economy’ For Bermuda
• Neutral Sentiment: CEO Brian Armstrong publicly debated central‑bank vs. Bitcoin roles at Davos — high profile but more reputational than immediately financial. Coinbase CEO Brian Armstrong spars with France’s Central Bank chief at Davos over yield and ‘bitcoin standard’
• Neutral Sentiment: Coverage comparing shorting mechanics across Binance, Coinbase and Robinhood — informative for traders but not a direct company catalyst. Shorting Crypto on Binance, Coinbase, and Robinhood Compared
• Neutral Sentiment: Coinbase exec clarified Bitcoin’s structural differences versus central banks — supports narrative positioning but limited immediate market impact. Coinbase Exec Points Out The Big Difference Between Bitcoin And Central Banks
• Negative Sentiment: Delay in a key crypto market‑structure bill triggered White House pushback after Coinbase’s intervention — prolongs regulatory uncertainty, which investors view as a near‑term headwind for U.S. crypto revenues and product rollout. Crypto Bill Delay Sparks White House Pushback After Coinbase Intervention
• Negative Sentiment: Analysis flags COIN’s recent share weakness (10.2% decline over five sessions) and questions resilience if markets fall — amplifies short‑term selling pressure amid geopolitical/regulatory concerns. If Markets Fall, How Resilient Is Coinbase Stock?
• Negative Sentiment: Senate committee delays the crypto market‑structure bill (competing priorities cited) — another sign regulatory clarity could be slower than investors hoped. Senate Banking Committee Delays Crypto Market Structure Bill Due to Housing Priorities

Analyst Upgrades and Downgrades

COIN has been the topic of several recent analyst reports. B. Riley raised their target price on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Wall Street Zen lowered shares of Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Benchmark restated a “buy” rating on shares of Coinbase Global in a research report on Friday, October 31st. UBS Group set a $340.00 target price on shares of Coinbase Global in a report on Wednesday, December 17th. Finally, Mizuho set a $280.00 target price on Coinbase Global in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Coinbase Global currently has a consensus rating of “Moderate Buy” and an average price target of $361.58.

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.