Hunting Hill Global Capital LLC Has $5.02 Million Stock Holdings in Coinbase Global, Inc. $COIN

Hunting Hill Global Capital LLC grew its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 69.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,212 shares of the cryptocurrency exchange’s stock after purchasing an additional 9,074 shares during the period. Coinbase Global comprises about 3.5% of Hunting Hill Global Capital LLC’s investment portfolio, making the stock its 6th largest holding. Hunting Hill Global Capital LLC’s holdings in Coinbase Global were worth $5,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COIN. Norges Bank bought a new stake in Coinbase Global during the 4th quarter worth approximately $656,744,000. Capital World Investors increased its holdings in Coinbase Global by 847.2% during the 4th quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock worth $347,472,000 after purchasing an additional 1,374,318 shares in the last quarter. Ruffer LLP bought a new stake in Coinbase Global during the 4th quarter worth approximately $166,515,000. Artisan Partners Limited Partnership bought a new stake in Coinbase Global during the 3rd quarter worth approximately $224,663,000. Finally, Janus Henderson Group PLC increased its holdings in Coinbase Global by 2,597.8% during the 4th quarter. Janus Henderson Group PLC now owns 549,304 shares of the cryptocurrency exchange’s stock worth $124,221,000 after purchasing an additional 528,943 shares in the last quarter. 68.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $181.54, for a total value of $1,815,400.00. Following the transaction, the director owned 30,000 shares in the company, valued at approximately $5,446,200. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares in the company, valued at approximately $97,718.17. The trade was a 92.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,647 shares of company stock valued at $5,740,941 over the last quarter. Corporate insiders own 16.66% of the company’s stock.

Coinbase Global Stock Performance

COIN stock opened at $164.91 on Thursday. The firm has a market cap of $43.45 billion, a PE ratio of 62.00, a P/E/G ratio of 5.98 and a beta of 3.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $184.76 and a 200-day moving average of $201.96. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The business’s revenue was down 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, sell-side analysts expect that Coinbase Global, Inc. will post 1.74 earnings per share for the current year.

Key Coinbase Global News

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

• Positive Sentiment: Analysts at multiple firms reaffirmed bullish ratings on Coinbase, with price targets ranging from $220 to $280, signaling confidence in upside from current levels.
• Positive Sentiment: Jefferies said Coinbase’s expansion into tokenized equities and AI could broaden its addressable market and strengthen its “everything exchange” strategy.
• Positive Sentiment: Coinbase launched AI-powered investing tools, including an AI investment adviser, alongside new trading features such as tokenized stocks, pre-IPO exposure, and portfolio transfers, which may improve user engagement and revenue diversification.
• Positive Sentiment: Coinbase’s move into tokenized U.S. equities, dividend-bearing onchain assets, and expanded stock/ETF trading could help it compete more directly with traditional brokerages and fintech platforms.
• Neutral Sentiment: Coinbase-linked political spending and pro-crypto election results, such as the Alabama Senate runoff win backed by a crypto PAC, suggest improving regulatory and political momentum for the industry. Article Title

Wall Street Analyst Weigh In

COIN has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on Coinbase Global from $160.00 to $142.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Barclays reissued an “underweight” rating on shares of Coinbase Global in a report on Wednesday. Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $280.00 target price on shares of Coinbase Global in a report on Wednesday. Finally, Citizens Jmp reduced their target price on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Coinbase Global presently has a consensus rating of “Hold” and an average price target of $250.65.

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.