Coinbase Global, Inc. $COIN Holdings Cut by ARK Investment Management LLC

ARK Investment Management LLC lessened its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,395,540 shares of the cryptocurrency exchange’s stock after selling 227,610 shares during the period. Coinbase Global accounts for approximately 4.8% of ARK Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. ARK Investment Management LLC owned approximately 0.89% of Coinbase Global worth $808,471,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COIN. Dimensional Fund Advisors LP boosted its stake in shares of Coinbase Global by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 783,273 shares of the cryptocurrency exchange’s stock worth $264,320,000 after acquiring an additional 8,636 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Coinbase Global by 6.0% in the 3rd quarter. Victory Capital Management Inc. now owns 68,647 shares of the cryptocurrency exchange’s stock valued at $23,168,000 after purchasing an additional 3,905 shares in the last quarter. Accuvest Global Advisors grew its holdings in shares of Coinbase Global by 134.9% during the third quarter. Accuvest Global Advisors now owns 1,414 shares of the cryptocurrency exchange’s stock worth $477,000 after buying an additional 812 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at about $348,000. Finally, Riverview Capital Advisers LLC purchased a new position in shares of Coinbase Global in the third quarter worth about $229,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on COIN shares. HC Wainwright dropped their price objective 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. Compass Point cut their price target on Coinbase Global from $190.00 to $140.00 and set a “sell” rating for the company in a report on Friday, February 20th. Jefferies Financial Group lowered their price objective on Coinbase Global from $268.00 to $151.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. Bank of America upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $340.00 target price for the company in a report on Thursday, January 8th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Nineteen research 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. According to MarketBeat, Coinbase Global has a consensus rating of “Hold” and a consensus target price of $270.67.

Coinbase Global News Roundup

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’

Coinbase Global Stock Up 14.6%

Shares of NASDAQ COIN opened at $208.93 on Thursday. The business’s fifty day simple moving average is $203.43 and its 200-day simple moving average is $270.56. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $55.17 billion, a P/E ratio of 47.59, a PEG ratio of 2.62 and a beta of 3.70. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64.

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

Insider Transactions at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total value of $715,247.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred 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 owned 402,165 shares in the company, valued at $62,315,466.75. This represents a 47.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 509,650 shares of company stock valued at $93,915,594. 16.56% of the stock is currently owned by corporate insiders.

About Coinbase Global

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.