Coinbase Global, Inc. (NASDAQ:COIN) Shares Sold by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV lessened its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,682 shares of the cryptocurrency exchange’s stock after selling 1,393 shares during the quarter. Coinbase Global comprises about 1.0% of Walter & Keenan Wealth Management LLC IN ADV’s investment portfolio, making the stock its 27th biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Coinbase Global were worth $3,149,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at $25,000. Wingate Wealth Advisors Inc. bought a new stake in Coinbase Global in the fourth quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in Coinbase Global in the 3rd quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Coinbase Global by 365.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after purchasing an additional 106 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Coinbase Global by 408.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after purchasing an additional 204 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $256.69, for a total transaction of $2,566,900.00. Following the completion of the sale, the insider now owns 69,407 shares of the company’s stock, valued at $17,816,082.83. This represents a 12.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 15,228 shares of Coinbase Global stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $280.51, for a total transaction of $4,271,606.28. Following the completion of the transaction, the director now directly owns 10,417 shares in the company, valued at approximately $2,922,072.67. This represents a 59.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 361,798 shares of company stock valued at $107,826,444 over the last ninety days. Corporate insiders own 23.43% of the company’s stock.

Coinbase Global Trading Up 1.5 %

NASDAQ:COIN opened at $274.49 on Monday. The company has a market capitalization of $68.72 billion, a P/E ratio of 46.84 and a beta of 3.61. The stock’s 50 day moving average price is $285.22 and its 200 day moving average price is $236.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global, Inc. has a 52 week low of $125.81 and a 52 week high of $349.75.

Analyst Ratings Changes

A number of analysts recently weighed in on COIN shares. B. Riley assumed coverage on shares of Coinbase Global in a report on Wednesday, October 23rd. They set a “neutral” rating and a $185.00 target price for the company. The Goldman Sachs Group reduced their price objective on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. HC Wainwright reaffirmed a “buy” rating and set a $295.00 target price on shares of Coinbase Global in a research report on Tuesday, October 29th. Monness Crespi & Hardt boosted their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Piper Sandler upped their price target on shares of Coinbase Global from $245.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $284.06.

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.