Global Retirement Partners LLC Has $683,000 Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Global Retirement Partners LLC grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,750 shares of the cryptocurrency exchange’s stock after purchasing an additional 70 shares during the period. Global Retirement Partners LLC’s holdings in Coinbase Global were worth $683,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in COIN. Wingate Wealth Advisors Inc. acquired a new position in Coinbase Global in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coinbase Global by 365.5% during 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 acquired a new stake in Coinbase Global during the third quarter valued at $25,000. Bogart Wealth LLC increased its position in Coinbase Global by 252.5% in the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock worth $52,000 after purchasing an additional 149 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its position in Coinbase Global by 66.7% in the 4th quarter. Spirit of America Management Corp NY now owns 250 shares of the cryptocurrency exchange’s stock worth $62,000 after purchasing an additional 100 shares during the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on COIN. Needham & Company LLC reissued a “buy” rating and issued a $330.00 price target on shares of Coinbase Global in a research note on Thursday, February 13th. HC Wainwright reiterated a “buy” rating and issued a $350.00 target price on shares of Coinbase Global in a research note on Friday. Piper Sandler increased their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Oppenheimer reaffirmed an “outperform” rating on shares of Coinbase Global in a research note on Monday, February 10th. Finally, 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 report on Thursday. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $306.17.

Insiders Place Their Bets

In other Coinbase Global news, Director Frederick Ernest Ehrsam III sold 26,649 shares of the firm’s stock in a transaction that occurred on 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 owns 10,417 shares in the company, valued at approximately $3,209,894.38. This trade represents a 71.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Grewal sold 7,104 shares of Coinbase Global stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $307.80, for a total value of $2,186,611.20. Following the sale, the insider now directly owns 79,407 shares in the company, valued at $24,441,474.60. The trade was a 8.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 334,306 shares of company stock worth $97,300,651 in the last ninety days. Insiders own 23.43% of the company’s stock.

Coinbase Global Stock Performance

COIN opened at $235.38 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $275.76 and its two-hundred day moving average price is $240.11. The firm 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 12-month low of $146.12 and a 12-month high of $349.75.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings data 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 forecast 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.