Amova Asset Management Americas Inc. Sells 388,652 Shares of Coinbase Global, Inc. $COIN

Amova Asset Management Americas Inc. decreased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,708,011 shares of the cryptocurrency exchange’s stock after selling 388,652 shares during the period. Coinbase Global comprises 5.6% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 3rd biggest position. Amova Asset Management Americas Inc. owned about 0.63% of Coinbase Global worth $576,283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares in the last quarter. Norges Bank bought a new stake in shares of Coinbase Global during the second quarter worth $1,044,354,000. Geode Capital Management LLC increased its stake in shares of Coinbase Global by 46.1% in the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after buying an additional 1,755,146 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Coinbase Global in the third quarter valued at about $224,663,000. Finally, Baillie Gifford & Co. bought a new position in shares of Coinbase Global in the third quarter valued at about $198,249,000. 68.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: White House/Policy support — Reports say CEO Brian Armstrong met privately with President Trump and Trump publicly backed a crypto market‑structure/stablecoin bill that could enable yield-bearing stablecoins and loosen bank resistance; this is the principal regulatory catalyst lifting COIN shares. Why Coinbase (COIN) Stock Is Trading Up Today
• Positive Sentiment: Crypto market tailwind — A sharp Bitcoin advance boosted exchange volumes and sentiment across crypto equities, providing an immediate revenue outlook lift for trading-dependent Coinbase. Coinbase Global Shares Surge 15% as Bitcoin Rally and Regulatory Optimism Fuel Crypto Stock Gains
• Positive Sentiment: Institutional/whale support — Cathie Wood’s ARK funds purchased millions of dollars of COIN shares, signaling conviction from active thematic managers and providing buying support during recent weakness. Cathie Wood’s Ark loads up on Coinbase, Robinhood as stocks slide on Iran conflict
• Positive Sentiment: Product/strategy diversification — Coinbase launched U.S. stock trading within its platform and is pushing staking, custody and USDC revenue paths to reduce reliance on spot trading. These moves improve long‑term revenue mix if adoption follows. Coinbase Launches U.S. Stock Trading Within Its Platform
• Neutral Sentiment: Regulatory scrutiny abroad — UK lawmakers pressed Coinbase on stablecoins, KYC and systemic risks; useful context for regulatory risk exposure but not an immediate U.S. catalyst. UK House of Lords press Coinbase exec on stablecoins, KYC and bank run fears
• Neutral Sentiment: Product pivot note — Management conceded the Base App SocialFi push underperformed and refocused on trading/self‑custody; signals prudent course correction but flags execution risk on consumer initiatives. Coinbase CEO Says Base App SocialFi Push Fell Short
• Negative Sentiment: Litigation risk — A Bloomberg Law story reports a suit targeting Coinbase executives over an alleged costly nondisclosure fallout; litigation headlines increase legal uncertainty and could pressure sentiment if material damages or governance issues emerge. Coinbase Brass Sued Over Costly Fallout Blamed on Nondisclosure
• Negative Sentiment: Banking industry pushback — JPMorgan’s Jamie Dimon publicly criticized crypto firms on stablecoin yield, underscoring powerful incumbent opposition that could shape legislative/regulatory outcomes and keep policy risk elevated. Jamie Dimon Fires Back At Coinbase: ‘If You Want To Be A Bank, Be A Bank’

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COIN shares. Rosenblatt Securities lowered their price objective on shares of Coinbase Global from $325.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald decreased their price target on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Rothschild & Co Redburn dropped their price objective on shares of Coinbase Global from $403.00 to $288.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Zacks Research downgraded Coinbase Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen cut Coinbase Global from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $270.67.

Coinbase Global Trading Up 14.6%

COIN opened at $208.93 on Thursday. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The firm has a market cap of $55.17 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 2.62 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. The firm’s fifty day moving average is $203.43 and its two-hundred day moving average is $270.56.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $4.68 EPS. The business’s quarterly revenue was down 21.6% compared to the same quarter last year. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Activity

In related news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value 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 approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $273.86, for a total value of $10,954,400.00. The SEC filing for this sale provides additional information. Insiders have sold 509,650 shares of company stock worth $93,915,594 in the last 90 days. Corporate insiders own 16.56% of the company’s stock.

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.