Coinbase Global, Inc. (NASDAQ:COIN) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 189.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 422 shares of the cryptocurrency exchange’s stock after purchasing an additional 276 shares during the period. SRS Capital Advisors Inc.’s holdings in Coinbase Global were worth $105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in COIN. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coinbase Global during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock worth $34,000 after purchasing an additional 106 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth about $25,000. Bogart Wealth LLC increased its position in Coinbase Global by 252.5% during 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 in the last quarter. Finally, Spirit of America Management Corp NY raised its holdings in Coinbase Global by 66.7% in the fourth quarter. Spirit of America Management Corp NY now owns 250 shares of the cryptocurrency exchange’s stock valued at $62,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In other news, Director Frederick Ernest Ehrsam III sold 25,194 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $298.95, for a total transaction of $7,531,746.30. Following the completion of the transaction, the director now owns 10,417 shares in the company, valued at approximately $3,114,162.15. This represents a 70.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alesia J. Haas sold 5,700 shares of Coinbase Global stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $266.87, for a total transaction 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 approximately $38,554,708.90. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,455 shares of company stock worth $60,955,968. 23.43% of the stock is currently owned by company insiders.

Coinbase Global Stock Down 3.7 %

COIN stock opened at $214.17 on Friday. The firm has a market cap of $54.37 billion, a price-to-earnings ratio of 22.54 and a beta of 3.66. Coinbase Global, Inc. has a 1-year low of $146.12 and a 1-year high of $349.75. The firm has a fifty day moving average price of $263.18 and a two-hundred day moving average price of $241.06. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COIN shares. Oppenheimer reiterated an “outperform” rating on shares of Coinbase Global in a research note on Monday, February 10th. Bank of America cut their price objective on Coinbase Global from $363.00 to $311.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $330.00 target price on shares of Coinbase Global in a research report on Thursday, February 13th. Barclays increased their target price on Coinbase Global from $282.00 to $328.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group lifted their price target on shares of Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $311.56.

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.