Windle Wealth LLC Has $1.22 Million Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Windle Wealth LLC grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,872 shares of the cryptocurrency exchange’s stock after purchasing an additional 158 shares during the period. Coinbase Global comprises about 0.7% of Windle Wealth LLC’s investment portfolio, making the stock its 26th biggest position. Windle Wealth LLC’s holdings in Coinbase Global were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of COIN. Crewe Advisors LLC boosted its position in shares of Coinbase Global by 547.4% during the 2nd quarter. Crewe Advisors LLC now owns 123 shares of the cryptocurrency exchange’s stock valued at $27,000 after acquiring an additional 104 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of Coinbase Global during the 2nd quarter valued at about $29,000. Versant Capital Management Inc boosted its position in shares of Coinbase Global by 75.0% during the 2nd quarter. Versant Capital Management Inc now owns 133 shares of the cryptocurrency exchange’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Coinbase Global during the 3rd quarter valued at about $32,000. Finally, Spirit of America Management Corp NY acquired a new stake in shares of Coinbase Global during the 2nd quarter valued at about $33,000. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on COIN shares. Compass Point reduced their price target on shares of Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Barclays boosted their price target on shares of Coinbase Global from $175.00 to $204.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Citigroup upgraded shares of Coinbase Global from a “neutral” rating to a “buy” rating and boosted their price target for the company from $260.00 to $345.00 in a research report on Tuesday, July 23rd. Needham & Company LLC boosted their price target on shares of Coinbase Global from $290.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America boosted their price target on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Hold” and a consensus target price of $251.00.

Coinbase Global Stock Up 6.4 %

Coinbase Global stock opened at $325.41 on Tuesday. The firm has a market capitalization of $81.47 billion, a price-to-earnings ratio of 55.53 and a beta of 3.34. The company’s 50 day simple moving average is $202.13 and its 200 day simple moving average is $212.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a fifty-two week low of $100.01 and a fifty-two week high of $334.86.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 78.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Coinbase Global, Inc. will post 4.27 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In other news, COO Emilie Choi sold 1,500 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $162.24, for a total transaction of $243,360.00. Following the completion of the sale, the chief operating officer now owns 187,601 shares of the company’s stock, valued at $30,436,386.24. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Grewal sold 16,962 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $206.96, for a total transaction of $3,510,455.52. Following the sale, the insider now directly owns 75,556 shares of the company’s stock, valued at $15,637,069.76. This represents a 18.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,822 shares of company stock valued at $30,921,194. Corporate insiders own 23.43% of the company’s stock.

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.