PNC Financial Services Group Inc. Increases Position in Coinbase Global, Inc. $COIN

PNC Financial Services Group Inc. increased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,231 shares of the cryptocurrency exchange’s stock after purchasing an additional 4,682 shares during the period. PNC Financial Services Group Inc.’s holdings in Coinbase Global were worth $9,865,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. ABN Amro Investment Solutions raised its holdings in Coinbase Global by 36.7% during the third quarter. ABN Amro Investment Solutions now owns 13,689 shares of the cryptocurrency exchange’s stock valued at $4,620,000 after acquiring an additional 3,675 shares during the period. HighTower Advisors LLC boosted its stake in shares of Coinbase Global by 283.8% in the third quarter. HighTower Advisors LLC now owns 96,396 shares of the cryptocurrency exchange’s stock worth $32,533,000 after acquiring an additional 71,279 shares during the period. GenTrust LLC grew its position in shares of Coinbase Global by 37.7% during the third quarter. GenTrust LLC now owns 23,719 shares of the cryptocurrency exchange’s stock worth $8,005,000 after purchasing an additional 6,500 shares in the last quarter. Aberdeen Group plc raised its stake in Coinbase Global by 3.8% during the 3rd quarter. Aberdeen Group plc now owns 51,095 shares of the cryptocurrency exchange’s stock valued at $17,244,000 after purchasing an additional 1,875 shares during the period. Finally, DDD Partners LLC bought a new stake in Coinbase Global during the 3rd quarter valued at approximately $369,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

Coinbase Global stock opened at $164.05 on Thursday. The company’s 50-day moving average price is $217.84 and its 200-day moving average price is $280.18. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The company has a market cap of $44.24 billion, a PE ratio of 37.37 and a beta of 3.70. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $4.68 EPS. The company’s revenue was down 21.6% on a year-over-year basis. On average, equities research analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Key Coinbase Global News

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

• Positive Sentiment: Company buybacks: Coinbase disclosed ~8 million shares repurchased last quarter, which reduces dilution and can support EPS over time. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Positive Sentiment: Institutional buying: Reports say ARK Investment resumed purchases of Coinbase shares, signaling some continued institutional appetite. This can provide support amid retail volatility. Riot Rises On Activist Data Center Proposal, ARK Resumes Coinbase Buys
• Positive Sentiment: Base moves to own stack: Base (Coinbase-backed L2) is transitioning off Optimism’s stack to a unified, in-house architecture to speed upgrades and simplify the sequencer — a structural long-term positive for product control and developer velocity. Coinbase’s Base transitions to its own architecture with eye on streamlining
• Neutral Sentiment: CEO regulatory outreach: Brian Armstrong’s CNBC interview (with Senator Moreno) reiterates Coinbase’s push for clearer US crypto rules — constructive for the regulatory outlook but unlikely to change near-term fundamentals. Watch CNBC’s full interview with Coinbase CEO Brian Armstrong and U.S. Senator Bernie Moreno
• Neutral Sentiment: Stablecoin positioning: CryptoQuant data shows Coinbase holds ~8% of CEX stablecoin reserves (vs. Binance’s 65%). It highlights scale limits vs. Binance but also room to grow; relevance is strategic rather than immediate. 65% of CEX Stablecoins Sit on Binance as Exchange Reserves Hit $47.5B, CryptoQuant Reports
• Negative Sentiment: Earnings miss and revenue decline: Q4 adjusted EPS and revenue missed expectations (EPS 66c vs. est. 86c; revenue down ~22% YoY), and recent commentary included a loss per share — fundamentals remain pressured. Coinbase Global, Inc. (COIN) Reports Q4 Adjusted EPS of 66 cents Compared to the 86 cents Estimate
• Negative Sentiment: Analyst downgrades/target cuts: Multiple firms trimmed price targets (Rothschild & Co Redburn to $288; Goldman to $264; Mizuho to $170), which weighs on investor expectations despite some shops keeping “buy” or “neutral” ratings. Rothschild & Co Redburn Adjusts Price Target on Coinbase Global to $288 Goldman Sachs Lowers PT Mizuho Lowers PT to $170
• Negative Sentiment: Security incident on Base: Moonwell was exploited after a cbETH oracle misprice (cbETH = Coinbase Wrapped Staked ETH), raising smart-contract/oracle risk concerns tied to assets linked to Coinbase. That may increase scrutiny around cbETH and DeFi integrations. Moonwell hit by $1.78M exploit as AI vibe coding debate reaches DeFi
• Negative Sentiment: Zacks added COIN to Strong Sell list, which can pressure sentiment and flow-sensitive ETFs or quant funds. New Strong Sell Stocks for February 18th

Insider Activity

In related news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $257.31, for a total transaction of $10,292,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 4,125 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $274.06, for a total value of $1,130,497.50. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 574,395 shares of company stock worth $110,451,160. Company insiders own 16.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Mizuho cut their price objective on shares of Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday. Needham & Company LLC dropped their target price on shares of Coinbase Global from $290.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, February 13th. HC Wainwright cut their target price on shares of Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. B. Riley Financial boosted their price target on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Benchmark dropped their price objective on shares of Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a report on Friday, February 13th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.82.

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.