Generali Investments Towarzystwo Funduszy Inwestycyjnych Invests $154,000 in Coinbase Global, Inc. (NASDAQ:COIN)

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in Coinbase Global, Inc. (NASDAQ:COIN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 620 shares of the cryptocurrency exchange’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COIN. SOA Wealth Advisors LLC. lifted its holdings in Coinbase Global by 17.7% during the fourth quarter. SOA Wealth Advisors LLC. now owns 266 shares of the cryptocurrency exchange’s stock valued at $66,000 after purchasing an additional 40 shares in the last quarter. Empowered Funds LLC increased its position in Coinbase Global by 0.8% during the third quarter. Empowered Funds LLC now owns 5,185 shares of the cryptocurrency exchange’s stock worth $924,000 after purchasing an additional 43 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Coinbase Global by 1.7% during the fourth quarter. Yousif Capital Management LLC now owns 2,559 shares of the cryptocurrency exchange’s stock valued at $635,000 after acquiring an additional 44 shares during the last quarter. Capital Advisors Wealth Management LLC increased its position in shares of Coinbase Global by 3.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,470 shares of the cryptocurrency exchange’s stock valued at $365,000 after acquiring an additional 45 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Coinbase Global by 9.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 595 shares of the cryptocurrency exchange’s stock valued at $106,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $305.71, for a total value of $3,057,100.00. Following the sale, the insider now directly owns 69,407 shares in the company, valued at $21,218,413.97. This represents a 12.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alesia J. Haas sold 5,700 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total value of $1,521,159.00. Following the completion of the sale, the chief financial officer now owns 144,470 shares in the company, valued at $38,554,708.90. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 237,069 shares of company stock worth $66,488,684 over the last three months. Company insiders own 23.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on COIN shares. HC Wainwright restated a “buy” rating and set a $350.00 price objective on shares of Coinbase Global in a research report on Friday, February 21st. Piper Sandler boosted their target price on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Barclays boosted their price objective on shares of Coinbase Global from $282.00 to $328.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Oppenheimer restated an “outperform” rating on shares of Coinbase Global in a report on Monday, February 10th. Finally, JMP Securities increased their target price on shares of Coinbase Global from $400.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and an average target price of $311.56.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $208.37 on Friday. The business has a fifty day simple moving average of $269.37 and a 200 day simple moving average of $240.48. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $52.90 billion, a price-to-earnings ratio of 21.93 and a beta of 3.61. Coinbase Global, Inc. has a one year low of $146.12 and a one year high of $349.75.

Coinbase Global (NASDAQ:COIN) last issued its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, beating 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%. Sell-side analysts expect that Coinbase Global, Inc. will post 7.22 EPS 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.