Coinbase Global, Inc. $COIN Stock Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 76.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,990 shares of the cryptocurrency exchange’s stock after selling 389,328 shares during the period. Assenagon Asset Management S.A.’s holdings in Coinbase Global were worth $26,682,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Coinbase Global in the second quarter worth $1,044,354,000. Vanguard Group Inc. raised its holdings in shares of Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock worth $8,847,905,000 after purchasing an additional 2,007,930 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Coinbase Global in the 3rd quarter worth about $224,663,000. Baillie Gifford & Co. bought a new position in shares of Coinbase Global in the 3rd quarter worth about $198,249,000. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Coinbase Global in the 3rd quarter valued at about $157,015,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

COIN has been the subject of a number of recent research reports. Benchmark lowered their price objective on shares of Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $440.00 target price on shares of Coinbase Global in a report on Tuesday, January 6th. Mizuho lowered their target price on Coinbase Global from $280.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Coinbase Global in a report on Friday, January 9th. Finally, Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 price objective for the company in a research note on Thursday, January 8th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $272.31.

Coinbase Global Price Performance

NASDAQ COIN opened at $181.10 on Thursday. The company has a 50-day moving average price of $190.34 and a two-hundred day moving average price of $259.13. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The stock has a market cap of $47.82 billion, a price-to-earnings ratio of 41.25, a price-to-earnings-growth ratio of 3.13 and a beta of 3.70. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40.

Coinbase Global (NASDAQ:COIN) last released its quarterly 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). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The business’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm posted $4.68 EPS. Analysts forecast that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase expanded a strategic data partnership with Chainlink to stream institutional exchange data (order books, perp/futures, benchmarks) on‑chain via Chainlink DataLink — a product move that can broaden revenue channels, feed DeFi apps, and strengthen the Base ecosystem. Coinbase and Chainlink Bring Exchange Data Powering Billions In Trading Onchain For The First Time
• Neutral Sentiment: Coinbase co‑founder Fred Ehrsam was named to the White House advisory council on science & technology — positive for visibility and policymaker access but unlikely to change near‑term fundamentals. Trump advisory council draws Coinbase co-founder, tech leaders
• Negative Sentiment: The Senate’s revised CLARITY Act language would materially limit how exchanges distribute stablecoin yields (restrictions similar to banning bank‑like deposit products). That change directly threatens a fee/revenue opportunity for Coinbase and triggered investor selling across crypto stocks. The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching
• Negative Sentiment: Coinbase reportedly told Senate offices it cannot support the latest CLARITY Act language — a sign that negotiations are fracturing and that regulatory risk for stablecoin services remains unresolved. That news was a proximate cause of the recent steep share decline. Coinbase again reportedly rejects support for CLARITY Act
• Negative Sentiment: Market reaction and analysis: Circle (USDC issuer) plunged on the CLARITY fears and Coinbase shares fell alongside it; analysts note the bill targets distribution of yield (which hurts Coinbase as a distributor) even if issuers’ reserve income remains. Expect near‑term volatility tied to legislative headlines. Circle plunged on CLARITY Act fears, but fundamentals unchanged — Bernstein
• Negative Sentiment: Weak US buying pressure signals (the negative Coinbase‑Binance premium) and uneven Bitcoin/ETH orderflow suggest U.S. retail/institutional demand is softer — a headwind for Coinbase’s core trading revenue if it persists. The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching

Insider Activity at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total value of $344,121.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 9,950 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $201.60, for a total value of $2,005,920.00. Following the transaction, the chief financial officer directly owned 387,221 shares in the company, valued at $78,063,753.60. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 438,120 shares of company stock worth $73,878,750 in the last three months. 16.56% of the stock is owned by company insiders.

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.