Sequoia Financial Advisors LLC Boosts Stake in Coinbase Global, Inc. $COIN

Sequoia Financial Advisors LLC increased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 185.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,507 shares of the cryptocurrency exchange’s stock after acquiring an additional 16,572 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Coinbase Global were worth $3,729,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in 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 acquiring an additional 46,558,893 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Coinbase Global by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock valued at $1,374,080,000 after purchasing an additional 189,080 shares in the last quarter. Paradigm Operations LP grew its position in shares of 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 purchasing an additional 134,425 shares in the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global in the fourth quarter valued at approximately $656,744,000. Finally, ARK Investment Management LLC increased its holdings in shares of 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 valued at $574,832,000 after purchasing an additional 146,388 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Up 1.7%

Shares of Coinbase Global stock opened at $175.26 on Friday. The stock has a 50 day moving average of $165.43 and a 200 day moving average of $175.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market capitalization of $46.24 billion, a price-to-earnings ratio of -45.64 and a beta of 3.39. Coinbase Global, Inc. has a fifty-two week low of $139.11 and a fifty-two week high of $402.16.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $5.14 EPS. Coinbase Global’s revenue for the quarter was down 18.5% compared to the same quarter last year. As a group, research analysts predict that Coinbase Global, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COIN shares. Needham & Company LLC reduced their price objective on Coinbase Global from $220.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. KeyCorp reaffirmed a “sector weight” rating on shares of Coinbase Global in a research note on Wednesday, June 17th. Benchmark reduced their price target on Coinbase Global from $270.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wolfe Research set a $325.00 price target on shares of Coinbase Global in a research report on Thursday, July 9th. Finally, B. Riley Financial dropped their price objective on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $218.74.

Coinbase Global News Roundup

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

• Positive Sentiment: Bitcoin rallied and broader risk appetite improved, providing a direct tailwind for Coinbase because trading activity, transaction revenue and investor sentiment are closely tied to crypto prices. Coinbase’s recent market-share gains and growing derivatives, stablecoin and prediction-market businesses may be reinforcing the move. Coinbase gains as bitcoin rallies and broader risk appetite improves
• 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 deal could expand Coinbase’s institutional distribution and create future transaction, custody and payments revenue. Coinbase partners with Moov to boost community bank stablecoin capabilities
• Positive Sentiment: CEO Brian Armstrong said stablecoin payments could become a major growth engine and reiterated that Bitcoin could reach $400,000 by 2030. These comments support Coinbase’s long-term growth narrative, although they are projections rather than new financial results. Coinbase CEO confident stablecoin payments will fuel growth
• Positive Sentiment: Zacks upgraded Coinbase from “strong sell” to “hold,” modestly improving the recent ratings backdrop.
• Neutral Sentiment: Management said crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s CLARITY Act stalls. This reduces the risk of an outright legislative setback, but the upcoming vote remains a source of uncertainty. Coinbase and Grayscale say crypto rules will advance with or without CLARITY
• Neutral Sentiment: Morgan Stanley initiated coverage at Equal Weight with a $250 price target, recognizing Coinbase’s broader “Everything Exchange” strategy while warning that earnings remain highly exposed to crypto-market volatility. Morgan Stanley rates Coinbase as Hold equivalent
• Negative Sentiment: Director Marc Andreessen sold approximately $2.5 million of COIN under a pre-arranged Rule 10b5-1 plan. The transaction was relatively small compared with his remaining stake but may weigh modestly on sentiment. SEC insider transaction filing
• Negative Sentiment: Coinbase’s latest quarter showed an EPS and revenue miss, with revenue declining year over year, highlighting the company’s continuing sensitivity to crypto-cycle weakness and trading volumes.
• Negative Sentiment: Reports that White House adviser Kevin Hassett held up to $5 million in Coinbase shares while involved in crypto-policy discussions could renew conflict-of-interest and regulatory scrutiny concerns. Hassett kept Coinbase stake as crypto policy changed

Insider Buying and Selling

In other Coinbase Global news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,062 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total transaction of $389,202.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 70,806 shares of company stock valued at $11,307,687. 16.66% of the stock is currently owned by insiders.

About Coinbase Global

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.