Vanguard Capital Wealth Advisors Acquires 610 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Vanguard Capital Wealth Advisors increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 48.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,858 shares of the cryptocurrency exchange’s stock after buying an additional 610 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Coinbase Global were worth $493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrett & Company Inc. bought a new stake in Coinbase Global in the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new position in Coinbase Global in the fourth quarter valued at approximately $27,000. Mather Group LLC. acquired a new position in shares of Coinbase Global in the first quarter valued at approximately $32,000. AlphaMark Advisors LLC bought a new stake in shares of Coinbase Global during the fourth quarter worth $33,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Coinbase Global during the fourth quarter worth $39,000. 68.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on COIN. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Coinbase Global in a research note on Wednesday, June 5th. Mizuho increased their price objective on Coinbase Global from $84.00 to $145.00 and gave the stock an “underperform” rating in a report on Friday, April 12th. Oppenheimer boosted their target price on Coinbase Global from $276.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Bank of America raised shares of Coinbase Global from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $217.00 in a research note on Friday, May 17th. Finally, Piper Sandler boosted their price objective on shares of Coinbase Global from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $215.50.

Coinbase Global Stock Performance

Shares of COIN stock traded down $1.09 on Friday, hitting $222.91. The company’s stock had a trading volume of 1,332,822 shares, compared to its average volume of 11,807,805. Coinbase Global, Inc. has a fifty-two week low of $68.15 and a fifty-two week high of $283.48. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average is $227.48 and its 200-day moving average is $200.82. The company has a market capitalization of $54.74 billion, a PE ratio of 44.71 and a beta of 3.44.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion. Equities research analysts expect that Coinbase Global, Inc. will post 5.01 earnings per share for the current fiscal year.

Insider Activity at Coinbase Global

In other Coinbase Global news, CFO Alesia J. Haas sold 4,200 shares of Coinbase Global stock in a transaction on Monday, April 15th. The stock was sold at an average price of $247.54, for a total value of $1,039,668.00. Following the completion of the transaction, the chief financial officer now directly owns 192,622 shares of the company’s stock, valued at approximately $47,681,649.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Alesia J. Haas sold 4,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $247.54, for a total transaction of $1,039,668.00. Following the completion of the sale, the chief financial officer now owns 192,622 shares of the company’s stock, valued at approximately $47,681,649.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 23,075 shares of Coinbase Global stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $256.30, for a total transaction of $5,914,122.50. Following the completion of the transaction, the chief executive officer now directly owns 526 shares in the company, valued at $134,813.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,021 shares of company stock worth $80,655,822. Company insiders own 23.43% of the company’s stock.

Coinbase Global Profile

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.