6 hours Ago By ABMN Staff
PFG Investments LLC decreased its holdings in shares of Coinbase Global, Inc. ( NASDAQ:COIN ) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 1,827 shares of the cryptocurrency exchange’s stock after selling 73 shares during the quarter. PFG Investments LLC’s holdings in Coinbase Global were worth $454,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also modified their holdings of COIN.
Banco Santander S.A. raised its position in shares of Coinbase Global by 12.
7% during the 3rd quarter. Banco Santander S.A.
now owns 148,906 shares of the cryptocurrency exchange’s stock valued at $26,531,000 after acquiring an additional 16,737 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Coinbase Global by 135.1% in the third quarter.
Global Retirement Partners LLC now owns 2,680 shares of the cryptocurrency exchange’s stock valued at $477,000 after purchasing an additional 1,540 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Coinbase Global in the third quarter valued at about $29,756,000. Lindbrook Capital LLC boosted its holdings in Coinbase Global by 30.
2% during the third quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange’s stock worth $5,347,000 after buying an additional 6,963 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Coinbase Global in the 2nd quarter valued at about $2,908,000.
68.84% of the stock is owned by institutional investors. Coinbase Global Stock Performance COIN opened at $301.
30 on Friday. The business’s 50-day simple moving average is $288.26 and its 200 day simple moving average is $235.
66. Coinbase Global, Inc. has a 52-week low of $114.
51 and a 52-week high of $349.75. The company has a debt-to-equity ratio of 0.
48, a quick ratio of 1.03 and a current ratio of 1.03.
The firm has a market capitalization of $75.43 billion, a PE ratio of 51.42 and a beta of 3.
59. Analyst Upgrades and Downgrades Several brokerages have commented on COIN. JMP Securities reaffirmed a “market outperform” rating and issued a $320.
00 target price on shares of Coinbase Global in a research note on Wednesday, October 9th. Piper Sandler lifted their target price on Coinbase Global from $245.00 to $285.
00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Mizuho upgraded Coinbase Global from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $250.00 to $290.
00 in a report on Wednesday. Monness Crespi & Hardt boosted their price objective on Coinbase Global from $245.00 to $390.
00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays raised their target price on shares of Coinbase Global from $204.00 to $355.
00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $289.
06. Read Our Latest Report on Coinbase Global Insiders Place Their Bets In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $307.
80, for a total value of $2,186,611.20. Following the transaction, the insider now directly owns 79,407 shares of the company’s stock, valued at $24,441,474.
60. This represents a 8.21 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, insider Lawrence J. Brock sold 4,635 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th.
The stock was sold at an average price of $250.00, for a total value of $1,158,750.00.
Following the sale, the insider now owns 18,525 shares of the company’s stock, valued at approximately $4,631,250. This represents a 20.01 % decrease in their position.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 376,205 shares of company stock valued at $112,487,737. 23.
43% of the stock is currently owned by corporate insiders. Coinbase Global Profile ( Free Report ) 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.
Featured Articles Want to see what other hedge funds are holding COIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coinbase Global, Inc. ( NASDAQ:COIN – Free Report ).
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