Aletheian Wealth Advisors LLC Has $1.28 Million Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Aletheian Wealth Advisors LLC trimmed its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 40.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,208 shares of the cryptocurrency exchange’s stock after selling 4,984 shares during the period. Coinbase Global makes up approximately 0.7% of Aletheian Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position. Aletheian Wealth Advisors LLC’s holdings in Coinbase Global were worth $1,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of COIN. Vanguard Group Inc. lifted its holdings in shares of Coinbase Global by 18.4% in the first quarter. Vanguard Group Inc. now owns 16,906,269 shares of the cryptocurrency exchange’s stock worth $4,482,190,000 after acquiring an additional 2,624,989 shares during the last quarter. Cowen AND Company LLC lifted its holdings in shares of Coinbase Global by 1.5% in the second quarter. Cowen AND Company LLC now owns 1,488,975 shares of the cryptocurrency exchange’s stock worth $330,895,000 after acquiring an additional 22,071 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Coinbase Global by 185.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,063,117 shares of the cryptocurrency exchange’s stock valued at $236,258,000 after buying an additional 691,288 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Coinbase Global by 1,186.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 527,512 shares of the cryptocurrency exchange’s stock valued at $139,854,000 after buying an additional 486,512 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Coinbase Global by 1,136.7% in the 2nd quarter. American Century Companies Inc. now owns 474,234 shares of the cryptocurrency exchange’s stock valued at $105,389,000 after buying an additional 435,886 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, COO Emilie Choi sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $233.00, for a total transaction of $349,500.00. Following the transaction, the chief operating officer now directly owns 194,971 shares in the company, valued at $45,428,243. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Emilie Choi sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $233.00, for a total value of $349,500.00. Following the transaction, the chief operating officer now owns 194,971 shares in the company, valued at approximately $45,428,243. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Grewal sold 16,962 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.96, for a total transaction of $3,510,455.52. Following the completion of the transaction, the insider now owns 75,556 shares in the company, valued at $15,637,069.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,187 shares of company stock worth $13,158,294 over the last ninety days. Insiders own 23.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COIN shares. Bank of America dropped their price objective on shares of Coinbase Global from $263.00 to $246.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays raised their price objective on shares of Coinbase Global from $169.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Compass Point dropped their target price on shares of Coinbase Global from $325.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Monness Crespi & Hardt started coverage on shares of Coinbase Global in a research report on Monday. They set a “buy” rating and a $245.00 target price on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $320.00 target price on shares of Coinbase Global in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Coinbase Global presently has a consensus rating of “Hold” and an average price target of $242.94.

Coinbase Global Price Performance

Shares of COIN stock traded up $4.84 during trading on Tuesday, hitting $220.94. The company had a trading volume of 6,332,200 shares, compared to its average volume of 10,368,604. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $181.38 and its two-hundred day moving average is $209.38. The stock has a market capitalization of $54.26 billion, a price-to-earnings ratio of 43.13 and a beta of 3.35. Coinbase Global, Inc. has a 52 week low of $71.88 and a 52 week high of $283.48.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, August 1st. The cryptocurrency exchange reported $0.14 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.93). Coinbase Global had a return on equity of 13.89% and a net margin of 31.46%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company posted ($0.42) earnings per share. The firm’s revenue for the quarter was up 104.8% on a year-over-year basis. As a group, analysts predict that Coinbase Global, Inc. will post 3.92 EPS for the current fiscal 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.