2 weeks Ago By Defense World Staff
Prudential Financial Inc. lessened its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 64.
2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,222 shares of the cryptocurrency exchange’s stock after selling 9,349 shares during the quarter. Prudential Financial Inc.
’s holdings in Coinbase Global were worth $1,297,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wingate Wealth Advisors Inc.
acquired a new stake in shares of Coinbase Global in the 4th quarter worth $27,000. Atala Financial Inc purchased a new stake in shares of Coinbase Global in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its position in 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 purchasing an additional 106 shares during the last quarter. Cullen Frost Bankers Inc.
purchased a new position in Coinbase Global during the fourth quarter worth about $50,000. Finally, Bogart Wealth LLC boosted its holdings in Coinbase Global by 252.5% in the 4th quarter.
Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock valued at $52,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.
Coinbase Global Trading Down 6.0 %NASDAQ:COIN opened at $160.55 on Friday.
The stock has a fifty day moving average price of $226.99 and a 200 day moving average price of $242.60.
The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.
41. Coinbase Global, Inc. has a 12-month low of $146.
12 and a 12-month high of $349.75. The firm has a market cap of $40.
76 billion, a PE ratio of 16.90 and a beta of 3.65.
Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping 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 anticipate that Coinbase Global, Inc.
will post 7.22 earnings per share for the current fiscal year. Insiders Place Their BetsIn related news, CFO Alesia J.
Haas sold 7,575 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $200.00, for a total value of $1,515,000.
00. Following the transaction, the chief financial officer now owns 114,866 shares of the company’s stock, valued at $22,973,200. This represents a 6.
19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian Armstrong sold 10,000 shares of Coinbase Global stock in a transaction dated Tuesday, March 25th.
The stock was sold at an average price of $198.15, for a total value of $1,981,500.00.
Following the sale, the chief executive officer now directly owns 526 shares of the company’s stock, valued at $104,226.90. This trade represents a 95.
00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,609 shares of company stock worth $52,238,258 in the last 90 days.
Corporate insiders own 23.43% of the company’s stock. Wall Street Analyst Weigh InA number of analysts have recently issued reports on COIN shares.
JMP Securities raised their price target on shares of Coinbase Global from $400.00 to $475.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th.
Bank of America lowered their price objective on Coinbase Global from $363.00 to $311.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th.
Canaccord Genuity Group upped their price target on Coinbase Global from $280.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 14th.
Needham & Company LLC reiterated a “buy” rating and set a $330.00 price target on shares of Coinbase Global in a report on Thursday, February 13th. Finally, Piper Sandler boosted their price objective on shares of Coinbase Global from $285.
00 to $310.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.72.Get Our Latest Research Report on Coinbase GlobalAbout Coinbase Global (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.Read MoreFive stocks we like better than Coinbase GlobalHow to Use Stock Screeners to Find StocksConagra Stock Could Thrive as Tariffs Hit Other SectorsHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsESG Stocks, What Investors Should KnowSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?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)..
