Avanza Fonder AB Acquires Shares of 3,141 Coinbase Global, Inc. $COIN

Avanza Fonder AB bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,141 shares of the cryptocurrency exchange’s stock, valued at approximately $710,000.

A number of other hedge funds have also modified their holdings of the business. REAP Financial Group LLC acquired a new position in Coinbase Global during the third quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $29,000. Salomon & Ludwin LLC lifted its stake in Coinbase Global by 4,400.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Coinbase Global in the 3rd quarter worth approximately $35,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Coinbase Global during the 3rd quarter worth approximately $36,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Coinbase Global Price Performance

Coinbase Global stock opened at $181.10 on Thursday. The company’s 50 day simple moving average is $190.34 and its 200-day simple moving average is $259.13. 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 1 year low of $139.36 and a 1 year high of $444.64. The company has a market capitalization 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.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data 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 return on equity of 8.68% and a net margin of 17.55%.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 business posted $4.68 EPS. The business’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, equities research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

COIN has been the subject of a number of analyst reports. Rothschild & Co Redburn upped their price target on Coinbase Global from $277.00 to $281.00 and gave the company a “buy” rating in a research report on Friday, March 20th. BTIG Research lowered their price objective on Coinbase Global from $340.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Benchmark dropped their target price on Coinbase Global from $421.00 to $267.00 and set a “buy” rating for the company in a report on Friday, February 13th. Robert W. Baird raised their target price on Coinbase Global from $165.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Citigroup reduced their price target on Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Nineteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and a consensus target price of $272.31.

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

Insiders Place Their Bets

In other news, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total transaction of $9,958,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick Ernest Ehrsam III sold 2,750 shares of Coinbase Global stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $260.09, for a total value of $715,247.50. The SEC filing for this sale provides additional information. Insiders have sold 438,120 shares of company stock worth $73,878,750 over the last ninety days. Corporate insiders own 16.56% of the company’s stock.

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.