Kemnay Advisory Services Inc. Reduces Position in Coinbase Global, Inc. $COIN

Kemnay Advisory Services Inc. trimmed its position in Coinbase Global, Inc. (NASDAQ:COIN) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,300 shares of the cryptocurrency exchange’s stock after selling 27,046 shares during the quarter. Coinbase Global comprises approximately 10.5% of Kemnay Advisory Services Inc.’s holdings, making the stock its 3rd largest position. Kemnay Advisory Services Inc.’s holdings in Coinbase Global were worth $69,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC acquired a new position in Coinbase Global during the 3rd quarter worth $25,000. Evelyn Partners Investment Management Europe Ltd grew its position in shares of Coinbase Global by 92.3% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 75 shares of the cryptocurrency exchange’s stock valued at $29,000 after purchasing an additional 36 shares during the last quarter. Salomon & Ludwin LLC grew its position in shares of Coinbase Global by 4,400.0% in the third quarter. Salomon & Ludwin LLC now owns 90 shares of the cryptocurrency exchange’s stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Coinbase Global in the second quarter worth about $34,000. Finally, MV Capital Management Inc. increased its stake in shares of Coinbase Global by 215.6% in the second quarter. MV Capital Management Inc. now owns 101 shares of the cryptocurrency exchange’s stock worth $35,000 after purchasing an additional 69 shares during the period. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BTIG Research decreased their target price on Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $250.00 price objective on Coinbase Global in a research report on Friday, February 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $440.00 target price on shares of Coinbase Global in a research note on Tuesday, January 6th. HC Wainwright dropped their price objective on shares of Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, Monness Crespi & Hardt lowered shares of Coinbase Global from a “hold” rating to a “sell” rating in a research report on Monday, February 23rd. Nineteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Coinbase Global has an average rating of “Hold” and an average price target of $270.87.

Insider Activity at Coinbase Global

In other Coinbase Global news, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $248.96, for a total value of $9,958,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total value of $344,121.25. The SEC filing for this sale provides additional information. Insiders have sold a total of 519,670 shares of company stock valued at $95,919,594 in the last 90 days. 16.56% of the stock is owned by corporate insiders.

Coinbase Global Price Performance

Shares of Coinbase Global stock opened at $197.25 on Friday. The firm has a market cap of $52.09 billion, a P/E ratio of 44.93, a price-to-earnings-growth ratio of 2.83 and a beta of 3.70. The firm’s 50-day simple moving average is $201.95 and its 200-day simple moving average is $269.02. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Coinbase Global had a return on equity of 8.68% and a net margin of 17.55%.The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $4.68 EPS. The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, research analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: High‑profile political support: CEO Brian Armstrong met privately with former President Trump, who publicly voiced backing for crypto-friendly legislation (the CLARITY Act). That endorsement helped spark a mid‑week rally in crypto prices and COIN shares. Article Title
• Positive Sentiment: Bullish analyst action: Goldman Sachs raised its COIN price target to $270 and kept a “buy” rating, giving institutional validation for upside if crypto volumes and regulation improve. Article Title
• Positive Sentiment: Institutional product expansion: Coinbase Prime now offers CFTC‑regulated futures and unified cross‑margin trading via Coinbase Financial Markets (leveraging Deribit capabilities), which should deepen institutional flow and fee opportunity. Article Title
• Neutral Sentiment: Crypto market tailwinds: Bitcoin rallied (ETF inflows and a short squeeze dynamic), lifting crypto‑linked equities and potentially increasing Coinbase trading volumes and custody demand — a near‑term positive for revenue if sustained. Article Title
• Negative Sentiment: New shareholder derivative lawsuit: A plaintiff filed a derivative suit naming CEO Brian Armstrong and other directors/executives (alleging oversight failures and disclosure issues). This raises potential legal costs, governance risk and investor uncertainty. Article Title
• Negative Sentiment: Insider selling / governance headlines: Coinbase CLO and other senior insiders sold shares ahead of or around the timing of legal actions; CFO Alesia Haas sold ~10,020 shares (filed with the SEC), which investors often view as a negative governance signal even when sales are routine. Article Title and Article Title
• Negative Sentiment: Regulatory uncertainty on stablecoins: Ongoing Senate fights over stablecoin yield rules have already pushed Coinbase to withdraw support for certain bill language. A stalled or unfavorable market‑structure bill could limit new product opportunities (e.g., high‑yield stablecoin programs). Article Title
• Negative Sentiment: Recent fundamentals: Coinbase missed Q4 revenue and EPS estimates (revenue down y/y, EPS miss), a reminder that elevated crypto prices don’t immediately erase prior weakness in top‑line growth and analyst skepticism. (See company Q4 report and analyst commentary.)

Coinbase Global Company 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.