Callan Capital LLC Sells 82 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Callan Capital LLC lowered its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,186 shares of the cryptocurrency exchange’s stock after selling 82 shares during the quarter. Callan Capital LLC’s holdings in Coinbase Global were worth $294,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Matauro LLC bought a new position in shares of Coinbase Global during the 4th quarter valued at approximately $235,000. Transcend Capital Advisors LLC increased its position in shares of Coinbase Global by 1.2% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,668 shares of the cryptocurrency exchange’s stock valued at $1,159,000 after purchasing an additional 54 shares during the last quarter. O Neil Global Advisors Inc. bought a new position in shares of Coinbase Global during the 4th quarter valued at approximately $869,000. Meitav Investment House Ltd. bought a new position in shares of Coinbase Global during the 4th quarter valued at approximately $298,000. Finally, Handelsbanken Fonder AB increased its position in shares of Coinbase Global by 85.3% during the 4th quarter. Handelsbanken Fonder AB now owns 70,649 shares of the cryptocurrency exchange’s stock valued at $17,542,000 after purchasing an additional 32,518 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Down 8.3 %

Shares of NASDAQ COIN opened at $235.38 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 stock has a market capitalization of $59.76 billion, a P/E ratio of 24.78 and a beta of 3.61. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75. The business has a fifty day moving average price of $275.76 and a 200 day moving average price of $240.11.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. Equities research analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on COIN shares. Piper Sandler upped their price objective on Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Oppenheimer reaffirmed an “outperform” rating on shares of Coinbase Global in a research report on Monday, February 10th. Mizuho cut their price objective on Coinbase Global from $290.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday. Monness Crespi & Hardt set a $420.00 price objective on Coinbase Global in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on Coinbase Global from $255.00 to $305.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and an average target price of $306.17.

Insider Buying and Selling

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 26,649 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $308.14, for a total value of $8,211,622.86. Following the completion of the sale, the director now directly owns 10,417 shares in the company, valued at approximately $3,209,894.38. This trade represents a 71.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Emilie Choi sold 1,500 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $298.31, for a total value of $447,465.00. Following the completion of the transaction, the chief operating officer now directly owns 177,576 shares in the company, valued at $52,972,696.56. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 334,306 shares of company stock worth $97,300,651 in the last three months. 23.43% of the stock is owned by insiders.

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.