665,688 Shares in Coinbase Global, Inc. $COIN Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 665,688 shares of the cryptocurrency exchange’s stock, valued at approximately $224,663,000. Artisan Partners Limited Partnership owned 0.25% of Coinbase Global as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in Coinbase Global by 672.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock worth $408,000 after purchasing an additional 1,015 shares during the last quarter. SP Asset Management LLC bought a new position in Coinbase Global during the second quarter worth $360,000. Vanguard Group Inc. lifted its holdings in Coinbase Global by 8.3% in the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after buying an additional 2,007,930 shares during the period. Atria Investments Inc bought a new stake in Coinbase Global during the second quarter valued at $1,137,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Coinbase Global during the 3rd quarter worth about $14,491,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on COIN shares. Compass Point lowered their target price on Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a report on Friday, February 20th. Bank of America upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 target price on the stock in a report on Thursday, January 8th. Rosenblatt Securities cut their price objective on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $440.00 target price on shares of Coinbase Global in a research note on Tuesday, January 6th. Finally, Needham & Company LLC reduced their price target 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. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $270.67.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $181.06 on Friday. The business’s fifty day moving average is $207.88 and its 200 day moving average is $274.64. The firm has a market cap of $47.81 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.64 and a beta of 3.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $4.68 EPS. The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. Research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current year.

More Coinbase Global News

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

• Positive Sentiment: Company launched U.S. stock and ETF trading (24/5 availability) as part of its “Everything Exchange” push, widening addressable revenue beyond crypto and drawing an immediate market reaction. Coinbase Expands Into Stocks, Targets ‘Everything Exchange’
• Positive Sentiment: Coinbase rolled out a unified stock + ETF trading product positioning to reach a much larger user base — a strategic diversification that could stabilize fee revenue over time if adoption scales. Coinbase Launches Unified Stock and ETF Trading to Empower One Billion Users
• Positive Sentiment: Legal team pushing back publicly on state actions around prediction markets, signaling an active defense of new product lines and a bid to limit state-level regulatory risk. That defense can reduce execution risk if it gains traction. Coinbase litigation head challenges state “gaslighting” over prediction markets
• Neutral Sentiment: Management will present at the Morgan Stanley TMT conference — a forum where executives often provide color on product rollout progress and monetization timelines; useful for investors seeking execution updates. Coinbase to Participate in Morgan Stanley Technology, Media, and Telecom Conference
• Neutral Sentiment: Coinbase research and public commentary on Bitcoin price bands (key levels ~ $60k and $82k) is shaping trader flow and platform volumes — BTC moves remain a major short-term volume driver for COIN but are not a new risk. Is Bitcoin The Poor Man’s Hedge Against Inflation? Coinbase CEO Thinks So
• Negative Sentiment: Analysts cut price targets this week (President Capital to $236; China Renaissance to $223.20), trimming upside and likely contributing to today’s pullback despite the product news. President Capital Adjusts Price Target on Coinbase Global to $236 from $472, Maintains Buy Rating China Renaissance Lowers Coinbase Global Price Target to $223.20
• Negative Sentiment: Ongoing regulatory uncertainty (CLARITY Act timing and state actions) and the possibility of slower-than-expected monetization of new equity products keep risk-premium elevated for the stock. Coinbase Stock Struggles Amid Gloomy Odds For Clarity Act; Is Coinbase Stock A Sell Now?

Insider Activity at Coinbase Global

In other news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the completion of the transaction, the chief financial officer directly owned 402,165 shares in the company, valued at $62,315,466.75. The trade was a 47.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick Ernest Ehrsam III sold 4,125 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $274.06, for a total transaction of $1,130,497.50. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 513,775 shares of company stock valued at $95,046,092. Corporate 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.