Generali Asset Management SPA SGR Acquires 87,056 Shares of Coinbase Global, Inc. $COIN

Generali Asset Management SPA SGR lifted its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 75.8% during the third quarter, HoldingsChannel.com reports. The firm owned 201,885 shares of the cryptocurrency exchange’s stock after purchasing an additional 87,056 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Coinbase Global were worth $37,633,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COIN. Bank of New York Mellon Corp purchased a new stake in shares of Coinbase Global in the 2nd quarter worth approximately $142,995,000. National Pension Service increased its position in Coinbase Global by 117.1% during the 2nd quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after buying an additional 346,045 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in Coinbase Global during the 1st quarter valued at approximately $104,766,000. California State Teachers Retirement System raised its stake in Coinbase Global by 1.8% during the first quarter. California State Teachers Retirement System now owns 324,386 shares of the cryptocurrency exchange’s stock valued at $56,641,000 after buying an additional 5,758 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Coinbase Global by 103.2% during the third quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock valued at $58,889,000 after buying an additional 159,636 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Coinbase Global Stock Up 0.9%

Coinbase Global stock opened at $161.09 on Wednesday. Coinbase Global, Inc. has a 52-week low of $139.11 and a 52-week high of $368.13. The company has a market cap of $42.50 billion, a P/E ratio of -41.95 and a beta of 3.41. The business has a 50-day simple moving average of $179.99 and a two-hundred day simple moving average of $180.13.

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 analysts’ expectations of $1.29 billion. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.14 EPS. Research analysts anticipate that Coinbase Global, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COIN. Morgan Stanley upped their price target on shares of Coinbase Global from $250.00 to $258.00 and gave the stock an “equal weight” rating in a research note on Friday, October 9th. Piper Sandler raised their target price on shares of Coinbase Global from $146.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Wells Fargo & Company initiated coverage on shares of Coinbase Global in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $200.00 target price for the company. Citizens Jmp decreased their target price on shares of Coinbase Global from $325.00 to $280.00 and set a “market outperform” rating for the company in a research note on Friday, October 9th. Finally, Keefe, Bruyette & Woods started coverage on Coinbase Global in a report on Monday, September 28th. They set an “outperform” rating and a $237.00 price target on the stock. Twenty research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and an average target price of $222.16.

Insider Buying and Selling

In other Coinbase Global news, CAO Jennifer N. Jones sold 2,062 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The sale was disclosed in a legal 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 Frederick R. Wilson sold 35,068 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 127,188 shares of company stock valued at $23,029,558 over the last three months. 16.66% of the stock is currently owned by company insiders.

Coinbase Global News Roundup

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

• Positive Sentiment: New lending product expands revenue opportunities: Coinbase now offers fixed-rate Bitcoin-backed loans, giving customers greater payment certainty and potentially helping the exchange grow its credit and interest-related businesses beyond transaction fees. Coinbase Now Offers Fixed-Rate Bitcoin-Backed Loans
• Positive Sentiment: Stablecoin rewards receive regulatory support: New OCC rules reportedly allow exchanges such as Coinbase to continue offering interest-like rewards on stablecoin balances. This could improve customer retention and stablecoin adoption, although it may intensify competition with banks. OCC Lets Crypto Firms Keep Paying Stablecoin Rewards
• Positive Sentiment: Payments and international expansion advance: Thunes highlighted a new Coinbase alliance alongside partnerships with JPMorgan Payments and Fiserv. The relationships could increase Coinbase’s access to cross-border payment flows and broaden real-world stablecoin use. Thunes Deputy CEO on Stablecoins
• Positive Sentiment: JPMorgan raises its valuation view: JPMorgan increased its Coinbase price target to $189 and maintained an “overweight” rating, providing a bullish counterpoint to more cautious analyst commentary. JPMorgan Coinbase Rating
• Neutral Sentiment: Q3 earnings are the next major catalyst: Investors are awaiting Coinbase’s earnings amid expectations for weaker trading volumes and higher costs, while Bitcoin’s recent stability and continued product expansion offer potential upside. COIN Q3 Earnings Preview
• Negative Sentiment: Analysts cite slowing trading activity: Bernstein cut its Coinbase target to $250, saying trading has stalled and that other companies may capture more growth from prediction markets. Bernstein Cuts Coinbase Target
• Negative Sentiment: Large Bitcoin deposits could signal selling pressure: Two dormant wallets transferred approximately $206 million of Bitcoin to Coinbase Prime. Such movements may precede sales, potentially weighing on crypto prices and transaction sentiment. Dormant Bitcoin Whales Transfer Funds
• Negative Sentiment: MiCA compliance may reduce European asset choice: Coinbase plans to convert 14 noncompliant stablecoins into USDC for eligible European retail customers, highlighting regulatory friction and the risk of losing activity tied to unsupported tokens. Coinbase MiCA Stablecoin Conversion

Coinbase Global Company Profile

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.