Mn Services Vermogensbeheer B.V. Raises Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Mn Services Vermogensbeheer B.V. boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,200 shares of the cryptocurrency exchange’s stock after buying an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Coinbase Global were worth $16,934,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. purchased a new position in shares of Coinbase Global in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its position in Coinbase Global by 365.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after acquiring an additional 106 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Coinbase Global during the third quarter valued at approximately $25,000. Bogart Wealth LLC lifted its stake in shares of Coinbase Global by 252.5% in the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock valued at $52,000 after purchasing an additional 149 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in Coinbase Global by 66.7% during the 4th quarter. Spirit of America Management Corp NY now owns 250 shares of the cryptocurrency exchange’s stock valued at $62,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Activity at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 11,421 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $273.23, for a total transaction of $3,120,559.83. Following the completion of the transaction, the director now directly owns 10,417 shares in the company, valued at $2,846,236.91. This represents a 52.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $305.71, for a total transaction of $3,057,100.00. Following the transaction, the insider now owns 69,407 shares of the company’s stock, valued at $21,218,413.97. This represents a 12.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 237,069 shares of company stock valued at $66,488,684. Corporate insiders own 23.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COIN. Mizuho decreased their price objective on shares of Coinbase Global from $290.00 to $280.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Piper Sandler lifted their target price on Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Keefe, Bruyette & Woods increased their price objective on Coinbase Global from $255.00 to $305.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Finally, JMP Securities lifted their target price on Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $311.56.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $208.37 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $52.90 billion, a PE ratio of 21.93 and a beta of 3.61. The company has a 50-day simple moving average of $269.37 and a 200-day simple moving average of $240.48. Coinbase Global, Inc. has a 12 month low of $146.12 and a 12 month high of $349.75.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Coinbase Global Company Profile

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.