Prio Wealth Limited Partnership Invests $270,000 in Coinbase Global, Inc. (NASDAQ:COIN)

Prio Wealth Limited Partnership purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,550 shares of the cryptocurrency exchange’s stock, valued at approximately $270,000.

Several other large investors also recently made changes to their positions in COIN. Ancora Advisors LLC boosted its stake in shares of Coinbase Global by 144.0% during the 4th quarter. Ancora Advisors LLC now owns 737 shares of the cryptocurrency exchange’s stock worth $26,000 after acquiring an additional 435 shares in the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Coinbase Global during the 2nd quarter worth about $31,000. AlphaMark Advisors LLC acquired a new position in shares of Coinbase Global during the 4th quarter worth about $33,000. Bessemer Group Inc. lifted its position in shares of Coinbase Global by 100.0% during the 4th quarter. Bessemer Group Inc. now owns 1,000 shares of the cryptocurrency exchange’s stock worth $36,000 after purchasing an additional 500 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Coinbase Global during the 4th quarter worth about $36,000. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on COIN shares. Piper Sandler boosted their price objective on Coinbase Global from $125.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Citigroup upped their price target on Coinbase Global from $90.00 to $151.00 and gave the company a “neutral” rating in a report on Friday, January 19th. JMP Securities reaffirmed a “market outperform” rating on shares of Coinbase Global in a report on Friday, March 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $240.00 price target on shares of Coinbase Global in a report on Thursday, March 28th. Finally, The Goldman Sachs Group raised Coinbase Global from a “sell” rating to a “neutral” rating in a report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $141.30.

Read Our Latest Stock Report on COIN

Coinbase Global Stock Down 3.3 %

Shares of Coinbase Global stock traded down $8.36 during trading on Tuesday, reaching $243.75. The stock had a trading volume of 5,854,914 shares, compared to its average volume of 14,789,808. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $193.54 and a two-hundred day moving average price of $140.65. The company has a market capitalization of $59.05 billion, a price-to-earnings ratio of 906.33 and a beta of 3.41. Coinbase Global, Inc. has a 52 week low of $46.43 and a 52 week high of $283.48.

Coinbase Global (NASDAQ:COINGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. During the same quarter in the previous year, the business earned ($2.46) earnings per share. The business’s revenue was up 51.6% compared to the same quarter last year. Sell-side analysts predict that Coinbase Global, Inc. will post 1.68 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul Grewal sold 10,257 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $275.60, for a total value of $2,826,829.20. Following the completion of the sale, the insider now directly owns 66,122 shares in the company, valued at $18,223,223.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other Coinbase Global news, insider Paul Grewal sold 10,257 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $275.60, for a total transaction of $2,826,829.20. Following the completion of the sale, the insider now directly owns 66,122 shares in the company, valued at $18,223,223.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $146.14, for a total value of $3,372,180.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 726,615 shares of company stock valued at $112,038,692. 33.16% of the stock is owned by insiders.

Coinbase Global Profile

(Free Report)

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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