Van ECK Associates Corp Sells 122,633 Shares of Coinbase Global, Inc. $COIN

Van ECK Associates Corp reduced its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 55.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,391 shares of the cryptocurrency exchange’s stock after selling 122,633 shares during the quarter. Van ECK Associates Corp’s holdings in Coinbase Global were worth $33,206,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in COIN. REAP Financial Group LLC acquired a new stake in Coinbase Global during the 3rd quarter worth approximately $25,000. Evelyn Partners Investment Management Europe Ltd boosted its stake in shares of Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after buying an additional 36 shares during the period. Salomon & Ludwin LLC grew its position in Coinbase Global by 4,400.0% during the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock worth $30,000 after buying an additional 88 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in Coinbase Global during the 2nd quarter worth $34,000. Finally, MV Capital Management Inc. raised its stake in Coinbase Global by 215.6% in the second quarter. MV Capital Management Inc. now owns 101 shares of the cryptocurrency exchange’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

COIN has been the subject of several analyst reports. Citigroup dropped their target price on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BTIG Research lowered their price target on Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 13th. Benchmark reduced their price objective on Coinbase Global from $421.00 to $267.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. President Capital dropped their target price on shares of Coinbase Global from $472.00 to $236.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald decreased their price target on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Nineteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $270.51.

Insider Transactions at Coinbase Global

In related news, CEO Brian Armstrong sold 40,000 shares of Coinbase Global 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 document filed with the SEC, which is available through the SEC website. Also, CFO Alesia J. Haas sold 10,020 shares of Coinbase Global stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the sale, the chief financial officer owned 397,171 shares in the company, valued at $79,434,200. The trade was a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 476,920 shares of company stock valued at $84,194,452 over the last ninety days. 16.56% of the stock is currently owned by insiders.

Coinbase Global Stock Performance

Shares of COIN stock opened at $198.67 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The business’s 50 day simple moving average is $200.02 and its 200 day simple moving average is $266.71. The stock has a market capitalization of $52.46 billion, a PE ratio of 45.26, a PEG ratio of 3.46 and a beta of 3.70.

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

Key Coinbase Global News

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

• Positive Sentiment: Product & payments upside — Coinbase launched “Agentic Wallets” and executives highlighted AI-driven crypto payments, signaling new product-led volume opportunities and potential long-term revenue expansion. AI Agents Set to Dominate Crypto Payments
• Positive Sentiment: Custody inflows — A large whale (Bitmine) moved ~$19.5M in ETH to Coinbase Prime, showing continued institutional custody flow that supports fee revenue and trading volumes. Bitmine Transfers $19.5M in ETH to Coinbase Prime
• Positive Sentiment: CEO bullish tone on Bitcoin — Brian Armstrong reiterated bullish long-term views on BTC (decentralization, inflation hedge), which can support platform volume as investor interest in spot crypto persists. Brian Armstrong Says Mining Next 1 Million Bitcoin Will Take Over 100 Years
• Neutral Sentiment: Regulatory policy engagement — Coinbase’s Chief Policy Officer published recommendations on stablecoin regulation, showing the firm is actively shaping rules (could help or hurt depending on outcomes). Coinbase CPO Lists 5 Critical Errors US Congress Should Avoid In Stablecoin Regulation
• Neutral Sentiment: Short-interest data appears anomalous/unchanged in recent reports (0 shares / NaN changes), so there’s no clear short-squeeze pressure indicated from the published figures. (Internal market data entry)
• Negative Sentiment: Regulatory/reputational risk — Rumors and social debate allege Coinbase is lobbying against a Bitcoin de minimis tax exemption to favor stablecoins; such allegations can spook retail crypto users and policymakers if they gain traction. Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption In Favor Of Stablecoins?
• Negative Sentiment: Analyst and valuation pressure — Recent coverage notes COIN is lagging industry performance year-to-date and trading at a premium with falling earnings estimates, increasing downside risk if crypto volumes weaken. COIN Lags Industry YTD, Trades at Premium
• Negative Sentiment: Investor skepticism from media personalities — Commentary (e.g., Jim Cramer) advising investors to buy Bitcoin instead of Coinbase can reduce demand for the stock if investors prefer holding crypto directly over an exchange equity play. Jim Cramer on Coinbase Global

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.