Coinbase Global, Inc. $COIN Holdings Cut by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,661 shares of the cryptocurrency exchange’s stock after selling 3,840 shares during the period. Kestra Private Wealth Services LLC’s holdings in Coinbase Global were worth $5,125,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Coinbase Global by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares during the last quarter. Northern Trust Corp lifted its holdings in Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after acquiring an additional 108,751 shares during the last quarter. Legal & General Group Plc lifted its holdings in Coinbase Global by 5.0% in the third quarter. Legal & General Group Plc now owns 1,193,784 shares of the cryptocurrency exchange’s stock worth $402,890,000 after acquiring an additional 57,164 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Coinbase Global by 41.1% in the fourth quarter. Baillie Gifford & Co. now owns 829,081 shares of the cryptocurrency exchange’s stock worth $187,488,000 after acquiring an additional 241,659 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Coinbase Global by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 783,273 shares of the cryptocurrency exchange’s stock worth $264,320,000 after acquiring an additional 8,636 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Activity

In related news, CFO Alesia J. Haas sold 364,600 shares of Coinbase Global stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at $62,315,466.75. The trade was a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 394,590 shares of company stock valued at $62,508,690 in the last ninety days. Company insiders own 16.56% of the company’s stock.

Coinbase Global Trading Down 1.3%

Coinbase Global stock opened at $194.10 on Wednesday. The firm has a 50 day simple moving average of $186.36 and a 200-day simple moving average of $232.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $51.26 billion, a PE ratio of 44.21, a price-to-earnings-growth ratio of 4.45 and a beta of 3.60. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. The company’s revenue was down 21.6% on a year-over-year basis. During the same quarter last year, the business earned $4.68 earnings per share. As a group, equities research analysts expect that Coinbase Global, Inc. will post 2.77 EPS for the current fiscal year.

More Coinbase Global News

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

• Positive Sentiment: CFTC sues Wisconsin to assert federal jurisdiction over prediction markets — this favors uniform federal oversight (the CFTC named platforms including Coinbase), which could limit restrictive state-level suits that create operational/legal uncertainty for Coinbase. CFTC pulls Wisconsin into fight over prediction markets
• Positive Sentiment: DOJ signals “code is not a crime” — Acting AG said developers won’t be pursued absent knowing facilitation of crime, easing enforcement risk around blockchain development and platforms. That reduces regulatory tail risk for exchanges like Coinbase. Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot
• Positive Sentiment: Coinbase expanding stablecoin payments globally — product expansion could grow transaction volume and fee revenue beyond trading. Coinbase is Going Global With Stablecoin Payments
• Positive Sentiment: Coverage on a potential U.S. “digital dollar” ban argues Coinbase and Circle could benefit if CBDC development is constrained — policy outcomes that favor private stablecoins would help Coinbase’s payments and custody services. A ‘digital dollar’ faces a ban. How Coinbase and Circle would benefit.
• Positive Sentiment: Industry push for clarity on crypto laws — Coinbase joined 120 firms asking for a CLARITY Act vote, which could reduce regulatory uncertainty for token listings and trading. XRP Price Prediction: 120 Firms Demand CLARITY Act Vote as Pepeto Presale Eyes 267x
• Neutral Sentiment: Coinbase Institutional’s Q2 outlook is neutral — institutional survey reads don’t point to a clear near-term pickup in crypto activity, so no immediate boost to trading revenue implied. Coinbase Sees Neutral Q2 Crypto Setup—Here’s What Latest Survey Signals For Bitcoin
• Neutral Sentiment: Riot disclosed a borrowing facility tied to Coinbase Credit — evidence Coinbase’s institutional/credit products are active, but counterparty and collateral dynamics leave impact uncertain. Riot Platforms falls 8.2% as investors digest Coinbase credit-facility update ahead of earnings
• Negative Sentiment: Coinbase-facing market demand weakness: Coinbase Premium turned negative as BTC selling rose — weaker US spot demand for Bitcoin typically reduces trading volumes and fee income for COIN. Bitcoin Coinbase Premium turns negative as BTC price drops, weekly losses top $829M
• Negative Sentiment: Analyst comparisons favor exchanges like Cboe on valuation and outlook — third‑party pieces arguing Cboe is the better buy can weigh on investor sentiment toward COIN’s relative valuation. Coinbase vs. Cboe Global: Which Exchange Stock Is the Better Buy?

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BTIG Research cut their target price on shares of Coinbase Global from $340.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Bank of America dropped their price target on shares of Coinbase Global from $288.00 to $234.00 in a research note on Thursday, April 2nd. Canaccord Genuity Group dropped their price target on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. The Goldman Sachs Group dropped their price target on shares of Coinbase Global from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Raymond James Financial restated a “market perform” rating on shares of Coinbase Global in a research note on Thursday, January 8th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $262.07.

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.