150 Shares in Coinbase Global, Inc. (NASDAQ:COIN) Acquired by Brooklands Fund Management Ltd

Brooklands Fund Management Ltd purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 150 shares of the cryptocurrency exchange’s stock, valued at approximately $37,245,000.

A number of other large investors also recently made changes to their positions in COIN. Cantor Fitzgerald L. P. increased its stake in shares of Coinbase Global by 66.1% in the fourth quarter. Cantor Fitzgerald L. P. now owns 3,988 shares of the cryptocurrency exchange’s stock valued at $990,000 after buying an additional 1,587 shares during the period. Captrust Financial Advisors lifted its holdings in Coinbase Global by 3.0% during the 4th quarter. Captrust Financial Advisors now owns 4,323 shares of the cryptocurrency exchange’s stock worth $1,073,000 after purchasing an additional 125 shares in the last quarter. Brown Wealth Management LLC bought a new stake in shares of Coinbase Global during the 4th quarter worth $225,000. Baird Financial Group Inc. lifted its stake in shares of Coinbase Global by 320.1% in the 4th quarter. Baird Financial Group Inc. now owns 9,154 shares of the cryptocurrency exchange’s stock valued at $2,273,000 after acquiring an additional 6,975 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Coinbase Global by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 12,043 shares of the cryptocurrency exchange’s stock valued at $2,990,000 after acquiring an additional 356 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Up 1.8 %

Shares of COIN opened at $204.93 on Monday. The business’s fifty day moving average price is $188.51 and its two-hundred day moving average price is $243.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market capitalization of $52.03 billion, a price-to-earnings ratio of 21.57 and a beta of 3.65. Coinbase Global, Inc. has a 52 week low of $142.58 and a 52 week high of $349.75.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. On average, analysts predict that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Insider Activity at Coinbase Global

In related news, CFO Alesia J. Haas sold 7,575 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $200.00, for a total value of $1,515,000.00. Following the transaction, the chief financial officer now owns 114,866 shares in the company, valued at approximately $22,973,200. This trade represents a 6.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick Ernest Ehrsam III sold 7,614 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $295.10, for a total value of $2,246,891.40. Following the completion of the sale, the director now directly owns 10,417 shares in the company, valued at $3,074,056.70. This trade represents a 42.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,970 shares of company stock valued at $31,897,865. 23.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Rosenblatt Securities reduced their price objective on Coinbase Global from $290.00 to $260.00 and set a “buy” rating for the company in a research report on Friday. Oppenheimer restated an “outperform” rating on shares of Coinbase Global in a report on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $330.00 price target on shares of Coinbase Global in a research note on Thursday, February 13th. Bank of America lowered their price target on shares of Coinbase Global from $363.00 to $311.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group boosted their price target on shares of Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.95.

About Coinbase Global

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.