Signaturefd LLC Has $297,000 Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Signaturefd LLC reduced its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,706 shares of the cryptocurrency exchange’s stock after selling 417 shares during the period. Signaturefd LLC’s holdings in Coinbase Global were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its position in shares of Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock valued at $590,000 after buying an additional 86 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Coinbase Global by 2.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 3,849 shares of the cryptocurrency exchange’s stock valued at $669,000 after acquiring an additional 90 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of Coinbase Global by 68.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 247 shares of the cryptocurrency exchange’s stock worth $43,000 after purchasing an additional 100 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Coinbase Global by 10.0% in the third quarter. Itau Unibanco Holding S.A. now owns 1,374 shares of the cryptocurrency exchange’s stock worth $103,000 after purchasing an additional 125 shares during the period. Finally, Windle Wealth LLC raised its stake in Coinbase Global by 2.5% in the third quarter. Windle Wealth LLC now owns 5,236 shares of the cryptocurrency exchange’s stock valued at $393,000 after purchasing an additional 126 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 64,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $228.45, for a total value of $14,620,800.00. Following the transaction, the chief financial officer now directly owns 219,490 shares of the company’s stock, valued at approximately $50,142,490.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Alesia J. Haas sold 64,000 shares of Coinbase Global stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $228.45, for a total value of $14,620,800.00. Following the completion of the sale, the chief financial officer now owns 219,490 shares in the company, valued at approximately $50,142,490.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Grewal sold 10,257 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $275.60, for a total transaction of $2,826,829.20. Following the transaction, the insider now directly owns 66,122 shares in the company, valued at $18,223,223.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 532,208 shares of company stock valued at $99,652,403. 33.16% of the stock is currently owned by insiders.

Coinbase Global Stock Performance

Shares of COIN stock opened at $236.32 on Friday. The stock has a market capitalization of $57.25 billion, a PE ratio of 875.26 and a beta of 3.41. The business’s 50 day simple moving average is $231.74 and its 200 day simple moving average is $160.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a one year low of $46.43 and a one year high of $283.48.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same quarter in the previous year, the company earned ($2.46) EPS. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. As a group, research analysts forecast that Coinbase Global, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on COIN. The Goldman Sachs Group raised shares of Coinbase Global from a “sell” rating to a “neutral” rating in a report on Friday, March 8th. HC Wainwright raised their target price on Coinbase Global from $115.00 to $250.00 and gave the company a “buy” rating in a report on Friday, February 16th. Raymond James raised Coinbase Global from an “underperform” rating to a “market perform” rating in a report on Tuesday, March 12th. Bank of America raised their price objective on Coinbase Global from $92.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, Citigroup increased their target price on shares of Coinbase Global from $90.00 to $151.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $165.43.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.