Perpetual Ltd Has $30.80 Million Stake in Coinbase Global, Inc. $COIN

Perpetual Ltd lowered its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 48.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,254 shares of the cryptocurrency exchange’s stock after selling 86,567 shares during the period. Perpetual Ltd’s holdings in Coinbase Global were worth $30,797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COIN. Vanguard Group Inc. boosted its stake in shares of Coinbase Global by 25.5% during the second quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock valued at $8,484,964,000 after purchasing an additional 4,914,407 shares in the last quarter. Norges Bank acquired a new position in shares of Coinbase Global in the second quarter valued at approximately $1,044,354,000. Geode Capital Management LLC raised its holdings in Coinbase Global by 46.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock valued at $1,940,805,000 after buying an additional 1,755,146 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Coinbase Global by 53.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock worth $510,284,000 after buying an additional 504,068 shares during the period. Finally, Amundi boosted its position in Coinbase Global by 44.1% during the 1st quarter. Amundi now owns 1,574,434 shares of the cryptocurrency exchange’s stock worth $268,850,000 after buying an additional 481,786 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global News Summary

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Coinbase rolled out stock trading, Kalshi-powered prediction markets, derivatives and tokenization features as part of an “everything exchange” strategy—this materially broadens addressable market and revenue streams. Reuters: Coinbase pushes into stock trading
• Positive Sentiment: Launched “Coinbase Custom Stablecoins” to help businesses issue dollar-backed tokens (and a separate Klarna collaboration to enable USDC funding), which could create recurring institutional fees and custody revenue. PYMNTS: Coinbase launches stablecoin-as-a-service
• Positive Sentiment: Klarna partnership to introduce USDC funding options expands payment rails and brings potential customer flow from a major fintech partner. TipRanks: Klarna partners with Coinbase
• Positive Sentiment: Base app launched in 140+ countries and TRON integration with Base enables broader token access on Coinbase’s Layer 2, supporting user growth and on‑chain activity. Bitcoin.com: Base app goes live Newsfile: TRON integrates with Base
• Neutral Sentiment: Deutsche Bank initiated coverage with a buy and BTIG reaffirmed a buy and high price target—supportive analyst views but not immediate fundamental change. MSN: Deutsche Bank initiates coverage
• Negative Sentiment: Coinbase filed lawsuits in Michigan, Illinois and Connecticut challenging state attempts to block prediction markets—this defends the new business line but creates near-term legal and regulatory uncertainty. PYMNTS: Coinbase files lawsuits
• Negative Sentiment: An 800,000 BTC wallet restructuring by Coinbase distorted on‑chain UTXO metrics and led some outlets to report misleading selling activity—this spurred short‑term market noise and scrutiny. Blockonomi: Wallet restructuring distorted data
• Negative Sentiment: Insider selling by CFO Alesia Haas was disclosed (recent Form 4 filings), and a shareholder outreach notice from Halper Sadeh suggests potential investor litigation—both can weigh on sentiment. SEC Form 4: Insider sale GlobeNewswire: Halper Sadeh notice

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Cantor Fitzgerald decreased their price target on shares of Coinbase Global from $459.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday. Monness Crespi & Hardt upgraded Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Monday, November 10th. Citigroup reaffirmed a “market outperform” rating on shares of Coinbase Global in a research report on Thursday. Wall Street Zen downgraded Coinbase Global from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, HC Wainwright raised Coinbase Global from a “sell” rating to a “buy” rating and increased their price target for the company from $300.00 to $425.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Coinbase Global currently has a consensus rating of “Moderate Buy” and an average target price of $383.54.

Coinbase Global Stock Up 2.5%

Shares of Coinbase Global stock opened at $245.12 on Friday. The stock’s 50-day moving average is $293.75 and its 200 day moving average is $318.03. Coinbase Global, Inc. has a one year low of $142.58 and a one year high of $444.64. The firm has a market cap of $66.10 billion, a price-to-earnings ratio of 21.20 and a beta of 3.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.40. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company’s revenue was up 55.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Activity at Coinbase Global

In related news, COO Emilie Choi sold 100,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total transaction of $31,088,000.00. Following the transaction, the chief operating officer directly owned 187,802 shares of the company’s stock, valued at $58,383,885.76. This represents a 34.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 277,074 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $309.92, for a total transaction of $85,870,774.08. The SEC filing for this sale provides additional information. Insiders have sold 791,804 shares of company stock worth $240,485,568 in the last quarter. Company insiders own 16.56% of the company’s stock.

Coinbase Global Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.