Rakuten Investment Management Inc. Takes $157.02 Million Position in Coinbase Global, Inc. $COIN

Rakuten Investment Management Inc. bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 465,243 shares of the cryptocurrency exchange’s stock, valued at approximately $157,015,000. Coinbase Global comprises about 0.5% of Rakuten Investment Management Inc.’s holdings, making the stock its 15th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Cadent Capital Advisors LLC raised its holdings in shares of Coinbase Global by 1.0% during the second quarter. Cadent Capital Advisors LLC now owns 3,162 shares of the cryptocurrency exchange’s stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. Ameriflex Group Inc. grew its position in Coinbase Global by 20.0% in the 2nd quarter. Ameriflex Group Inc. now owns 180 shares of the cryptocurrency exchange’s stock worth $68,000 after purchasing an additional 30 shares during the period. Capital Advisors Wealth Management LLC raised its stake in Coinbase Global by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 1,549 shares of the cryptocurrency exchange’s stock valued at $523,000 after buying an additional 30 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of Coinbase Global by 37.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 117 shares of the cryptocurrency exchange’s stock valued at $39,000 after buying an additional 32 shares during the period. Finally, Pettinga Financial Advisors LLC boosted its stake in shares of Coinbase Global by 2.6% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,321 shares of the cryptocurrency exchange’s stock worth $463,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Performance

COIN opened at $227.73 on Wednesday. The company has a 50 day simple moving average of $253.71 and a two-hundred day simple moving average of $309.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market cap of $61.41 billion, a P/E ratio of 19.70 and a beta of 3.70. Coinbase Global, Inc. has a 1-year low of $142.58 and a 1-year high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $0.28 EPS. Coinbase Global’s revenue for the quarter was up 55.1% on a year-over-year basis. Equities analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COIN has been the subject of a number of research reports. Cantor Fitzgerald reduced their price objective on Coinbase Global from $459.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, December 18th. Piper Sandler cut their price target on Coinbase Global from $350.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Coinbase Global in a research note on Wednesday, December 17th. They issued a “buy” rating and a $340.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Coinbase Global in a research report on Friday, January 9th. Finally, Mizuho set a $280.00 price target on shares of Coinbase Global in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Buying and Selling

In other news, CFO Alesia J. Haas sold 8,050 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.00, for a total value of $2,012,500.00. Following the transaction, the chief financial officer owned 70,664 shares of the company’s stock, valued at approximately $17,666,000. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 820,587 shares of company stock worth $240,717,580. 16.56% of the stock is owned by corporate insiders.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Bermuda partnership — Coinbase announced support for Bermuda’s plan to build a “fully on‑chain” national economy with Circle, using USDC and Coinbase’s Base infrastructure; this is a material commercialization and adoption opportunity for Coinbase’s on‑chain payments, tokenization tools and Base network. Bermuda partners with Coinbase and Circle for ‘fully onchain‘ economy
• Positive Sentiment: Analyst upgrade — Bank of America upgraded COIN to a Buy with a $340 target, citing expanded addressable market, product rollouts, and rising recurring revenue (stablecoin and services). This provides third‑party validation and a near‑term catalyst for investor interest. Bank of America Asserts Buy Rating on Coinbase
• Positive Sentiment: Tokenization / research narrative — Coinbase research and Institute papers promote tokenization as a structural growth theme (broader market access, “next financial supercycle”), supporting long‑term TAM expansion for Coinbase’s custody, tokenization tooling and Base network. Coinbase Signals Next Financial Supercycle
• Positive Sentiment: Brand / user acquisition push — Coinbase launched an NBA “Rookie Firsts” content series to deepen consumer engagement and youth adoption, which could support long‑term retail growth and engagement on Base. Coinbase Launches NBA Rookie Firsts Content Series
• Neutral Sentiment: Political/regulatory outreach — CEO Brian Armstrong publicly congratulated pro‑crypto governors and is vocally pushing for fair competition between banks and stablecoins; this keeps Coinbase in policy debates that could be positive if favorable rules follow, but outcomes remain uncertain. New governors Abigail Spanberger, Mikie Sherrill congratulated by Brian Armstrong
• Neutral Sentiment: Product / business positioning — Coinbase continues to promote tokenization and capital‑access narratives that could expand TAM; these are strategic positives but will take time to monetize at scale. Coinbase calls tokenization the key to wealth access
• Negative Sentiment: Share weakness / crypto correlation — COIN logged a notable intraday/closing decline and analysts point to Bitcoin weakness as a key pressure point; Coinbase still tracks crypto volumes and asset prices closely, so market volatility directly impacts revenue. COIN Suffers a Larger Drop Than the General Market
• Negative Sentiment: Security / reputation risk — A CNBC reader account detailed a sophisticated social‑engineering attempt to steal a Coinbase account; while Coinbase says it has protections, such stories can hurt trust and user retention if incidents rise. How my Coinbase account was almost stolen
• Negative Sentiment: Regulatory noise — Reports of tensions around the Clarity Act and Coinbase withdrawing support for a bill over draft issues add uncertainty around federal policy outcomes, which can amplify short‑term volatility. Coinbase denies White House split claims

Coinbase Global Company 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.