J. Safra Sarasin Holding AG Boosts Stake in Coinbase Global, Inc. $COIN

J. Safra Sarasin Holding AG grew its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 55.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,962 shares of the cryptocurrency exchange’s stock after acquiring an additional 15,309 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Coinbase Global were worth $14,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. boosted its position in Coinbase Global by 672.2% during the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after purchasing an additional 1,015 shares in the last quarter. SP Asset Management LLC purchased a new stake in shares of Coinbase Global during the second quarter valued at about $360,000. New York Life Investment Management LLC boosted its holdings in shares of Coinbase Global by 890.8% in the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock valued at $11,033,000 after buying an additional 28,302 shares in the last quarter. Lauterbach Financial Advisors LLC purchased a new position in shares of Coinbase Global in the 2nd quarter worth approximately $390,000. Finally, Atria Investments Inc bought a new position in shares of Coinbase Global during the 2nd quarter worth approximately $1,137,000. Institutional investors own 68.84% of the company’s stock.

Insiders Place Their Bets

In other news, COO Emilie Choi sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the transaction, the chief operating officer owned 187,802 shares in the company, valued at $58,383,885.76. This trade represents a 34.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Armstrong sold 40,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $271.87, for a total transaction of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 820,587 shares of company stock worth $240,717,580. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Price Performance

NASDAQ:COIN opened at $213.48 on Tuesday. The firm’s fifty day moving average is $248.62 and its two-hundred day moving average is $305.24. The firm has a market cap of $57.56 billion, a price-to-earnings ratio of 18.47 and a beta of 3.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.40 and a current ratio of 2.40. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64.

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

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Major U.S. banks are moving into Bitcoin trading and custody (River reports ~60% of top 25 banks are “into Bitcoin”), which supports Coinbase’s institutional growth and custody product demand. 60% of top US banks are geared up for Bitcoin: River
• Positive Sentiment: Coinbase’s own research: a majority of institutional investors surveyed view Bitcoin as undervalued, implying potential buy-side interest if prices stabilize — a tailwind for exchange volumes over time. Majority of institutional investors say Bitcoin is undervalued: Coinbase
• Positive Sentiment: Tokenization and regulatory clarity (CLARITY Act momentum highlighted by Coinbase at Davos) reinforce Coinbase’s strategic push into tokenized assets and institutional services. Coinbase Spotlights Davos Momentum Toward Tokenization and CLARITY Act
• Neutral Sentiment: Brian Armstrong formed an advisory board to study long-term threats (e.g., quantum computing) — shows governance/tech preparedness but limited immediate revenue impact. Coinbase Is Prepping For ‘Future Threats’ …
• Neutral Sentiment: Industry/strategy commentary from Davos and executive interviews underline long-term opportunity but are not immediate catalysts for revenue. Coinbase CEO Brian Armstrong Reflects …
• Negative Sentiment: Record weekly ETF outflows and a deeply negative Coinbase premium signal U.S. institutional selling pressure and weak domestic demand — likely to hurt trading volumes and revenue near term. Bitcoin Stuck in 60-Day Range as Record ETF Outflows Show US Selling Pressure
• Negative Sentiment: Coinbase premium hitting 12‑month lows and technical commentary warning of deeper BTC downside (targets much lower) increase the risk of lower volumes and margin compression. Bitcoin Coinbase Premium stays deeply negative…
• Negative Sentiment: Analyst/firm commentary is turning cautious: KeyCorp published a bearish forecast for Coinbase Q4 and media noted COIN shares slipped in recent trading, signaling near-term analyst/market pressure. KeyCorp Has Bearish Forecast for Coinbase Global Q4 Earnings
• Negative Sentiment: Political/regulatory friction after Armstrong’s role in delaying crypto legislation prompted a public White House rebuke — raises near-term policy uncertainty risk. Coinbase power play sparks crypto rift …

Analyst Ratings Changes

Several equities research analysts have weighed in on COIN shares. Erste Group Bank downgraded shares of Coinbase Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. Rothschild & Co Redburn decreased their price objective on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. Wall Street Zen downgraded Coinbase Global from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Benchmark reiterated a “buy” rating on shares of Coinbase Global in a research note on Friday, October 31st. Finally, Piper Sandler lowered their price target on Coinbase Global from $350.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $361.58.

Coinbase Global 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.