Exchange Traded Concepts LLC Has $48.60 Million Position in Coinbase Global, Inc. $COIN

Exchange Traded Concepts LLC increased its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 214,904 shares of the cryptocurrency exchange’s stock after buying an additional 47,777 shares during the quarter. Exchange Traded Concepts LLC owned 0.08% of Coinbase Global worth $48,598,000 as of its most recent SEC filing.

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

Trending Headlines about Coinbase Global

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

• Positive Sentiment: New revenue/product initiatives: Coinbase partnered with Better to enable token‑backed, conforming mortgages (buyers can pledge BTC or USDC for down payments), which diversifies product offerings and could create new fees and custody flows. Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
• Positive Sentiment: Street support remains: Goldman Sachs reaffirmed a Buy on COIN (lowered PT to $235 but keeps Buy), signaling analyst conviction that shares can recover as crypto markets stabilize. Goldman Sachs Sets COIN Target at $235
• Positive Sentiment: Venture and ecosystem bets: Coinbase Ventures participated in deals (e.g., Tazapay funding), keeping the firm engaged in infrastructure that can feed future product/pricing opportunities. Circle leads Tazapay extension as total Series B reaches $36M
• Neutral Sentiment: Institutional research / survey takeaways (Coinbase/EY): results on institutional allocations (e.g., interest in Solana/XRP) highlight Coinbase’s role supplying research and custody to big buyers but are indirect for near‑term revenue. Survey Shows Institutions Want Solana Over XRP And Dogecoin
• Negative Sentiment: Custody/insurance pain points: reporting that crypto thefts reached $2.7B and that Coinbase’s coverage limits have left some investors exposed — plus a published denial of a ~$100k claim — are fueling concerns about client protection and litigation/PR risk. Crypto Thefts Hit $2.7 Billion as Coinbase Coverage Limits Raise Investor Questions
• Negative Sentiment: Regulatory and legal friction: Coinbase continues to oppose parts of the Senate’s stablecoin/market‑structure talks and is engaged in lawsuits over prediction markets (Michigan), drawing regulatory scrutiny and potential constraints on core product strategies. Coinbase opposes latest crypto bill stablecoin compromise
• Negative Sentiment: User backlash over prediction‑market promos: reports of aggressive in‑app notifications promoting event bets have dented trust and raised consumer‑protection concerns that could attract regulatory attention. Coinbase users push back against prediction markets notifications

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on COIN shares. Deutsche Bank Aktiengesellschaft set a $250.00 price objective on shares of Coinbase Global in a research note on Friday, February 13th. BTIG Research decreased their price target on Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Robert W. Baird upped their price objective on Coinbase Global from $165.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Needham & Company LLC cut their price objective on Coinbase Global from $290.00 to $230.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Zacks Research cut shares of Coinbase Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average price target of $271.14.

Insider Transactions at Coinbase Global

In related news, CEO Brian Armstrong sold 40,000 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, the chief financial officer directly owned 402,165 shares in the company, valued at $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 438,120 shares of company stock valued at $73,878,750. Corporate insiders own 16.56% of the company’s stock.

Coinbase Global Stock Performance

NASDAQ COIN opened at $161.14 on Friday. The firm’s 50 day simple moving average is $187.42 and its 200 day simple moving average is $257.55. The firm has a market capitalization of $42.55 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.00 and a beta of 3.70. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.68 earnings per share. As a group, research analysts expect that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

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.