National Pension Service Has $93.78 Million Stake in Coinbase Global, Inc. $COIN

National Pension Service increased its position in Coinbase Global, Inc. (NASDAQ:COIN) by 117.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 641,518 shares of the cryptocurrency exchange’s stock after purchasing an additional 346,045 shares during the quarter. National Pension Service owned approximately 0.24% of Coinbase Global worth $93,784,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of Coinbase Global by 14,352.9% in the 2nd quarter. California State Teachers Retirement System now owns 46,883,279 shares of the cryptocurrency exchange’s stock valued at $6,853,867,000 after buying an additional 46,558,893 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Coinbase Global by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock valued at $1,374,080,000 after acquiring an additional 189,080 shares in the last quarter. Paradigm Operations LP increased its stake in Coinbase Global by 3.3% in the fourth quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock valued at $963,912,000 after acquiring an additional 134,425 shares during the period. Norges Bank bought a new stake in Coinbase Global in the fourth quarter valued at about $656,744,000. Finally, ARK Investment Management LLC raised its position in Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after purchasing an additional 146,388 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick R. Wilson sold 35,068 shares of Coinbase Global stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total value of $5,061,013.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 13,676 shares of Coinbase Global stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $181.14, for a total value of $2,477,270.64. Following the completion of the transaction, the director owned 1,136,324 shares of the company’s stock, valued at approximately $205,833,729.36. The trade was a 1.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 70,806 shares of company stock valued at $11,307,687 in the last three months. 16.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on COIN. Monness Crespi & Hardt restated a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Argus reiterated a “hold” rating on shares of Coinbase Global in a research note on Wednesday, August 26th. Sanford C. Bernstein reissued an “outperform” rating and issued a $330.00 target price on shares of Coinbase Global in a report on Friday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $212.00 target price on shares of Coinbase Global in a research report on Monday, August 31st. Finally, Barclays decreased their price target on Coinbase Global from $99.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $218.74.

Coinbase Global Price Performance

NASDAQ:COIN opened at $172.28 on Friday. The firm has a market cap of $45.45 billion, a PE ratio of -44.86 and a beta of 3.39. Coinbase Global, Inc. has a 12 month low of $139.11 and a 12 month high of $402.16. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $165.24 and its two-hundred day moving average price is $175.91.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.92). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.Coinbase Global’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.14 earnings per share. On average, equities analysts anticipate that Coinbase Global, Inc. will post -0.39 EPS for the current fiscal year.

More Coinbase Global News

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

• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The initiative could expand Coinbase’s institutional reach and create additional transaction and custody revenue opportunities. Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
• Positive Sentiment: CEO Brian Armstrong said stablecoin payment flows could become a major growth driver, projecting significant expansion in the stablecoin market by 2030. He also argued that Bitcoin’s current cycle may have bottomed and reiterated that a $400,000 Bitcoin price by 2030 is a reasonable long-term target. These comments support the company’s growth narrative, although they are forecasts rather than new financial results. Coinbase CEO Confident Stablecoin Payments Will Fuel Growth
• Positive Sentiment: Management continues to broaden Coinbase beyond spot crypto trading through its “Everything Exchange” strategy, tokenized assets, prediction-market infrastructure for Kalshi and expanded USDC yield products in Brazil. Greater product diversification could reduce reliance on transaction revenue over time.
• Neutral Sentiment: Morgan Stanley initiated coverage with an Equal Weight rating and a $250 price target, reflecting substantial potential upside from recent levels but caution that Coinbase remains closely tied to the volatile crypto cycle. Morgan Stanley rates Coinbase as Hold equivalent, with price target set at $250
• Neutral Sentiment: Armstrong said U.S. crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s September 15 vote on the CLARITY Act fails. The prospect of eventual clarity is favorable, but the vote remains a near-term uncertainty for investors.
• Negative Sentiment: Director Marc Andreessen sold 13,676 shares worth approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 1.19% and may weigh modestly on sentiment, despite being scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Bitcoin’s recent decline and broader crypto-market weakness are immediate headwinds for Coinbase’s trading activity, revenue and earnings outlook. The company’s latest reported quarter also showed an earnings and revenue miss, underscoring ongoing operating sensitivity to market conditions.

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.