Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in Coinbase Global, Inc. $COIN

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 34.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 276,747 shares of the cryptocurrency exchange’s stock after selling 148,292 shares during the period. Coinbase Global makes up approximately 0.7% of Banco Bilbao Vizcaya Argentaria S.A.’s holdings, making the stock its 20th biggest position. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Coinbase Global were worth $92,723,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. California Public Employees Retirement System boosted its holdings in shares of Coinbase Global by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 359,766 shares of the cryptocurrency exchange’s stock valued at $121,417,000 after acquiring an additional 26,975 shares during the last quarter. Aquatic Capital Management LLC raised its holdings in shares of Coinbase Global by 139.7% during the third quarter. Aquatic Capital Management LLC now owns 176,605 shares of the cryptocurrency exchange’s stock valued at $59,602,000 after purchasing an additional 102,936 shares during the last quarter. Aristotle Atlantic Partners LLC bought a new position in Coinbase Global during the third quarter valued at approximately $1,229,000. Arkos Global Advisors boosted its holdings in Coinbase Global by 64.0% in the third quarter. Arkos Global Advisors now owns 2,344 shares of the cryptocurrency exchange’s stock worth $791,000 after purchasing an additional 915 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Coinbase Global by 5.6% in the third quarter. Alliancebernstein L.P. now owns 255,489 shares of the cryptocurrency exchange’s stock worth $86,225,000 after purchasing an additional 13,605 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In related news, Director Frederick Ernest Ehrsam III sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $260.09, for a total value of $715,247.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 476,920 shares of company stock valued at $84,194,452 over the last 90 days. Company insiders own 16.56% of the company’s stock.

More Coinbase Global News

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

• Positive Sentiment: Bitcoin’s rally and stronger spot/ETF flows are driving trading activity and a Coinbase price premium, which should help COIN’s transaction revenue. Key Bitcoin price levels to watch as BTC nears new monthly highs
• Positive Sentiment: Short interest in COIN has reportedly doubled this year, raising the potential for a short squeeze if bullish flows continue — a technical/positioning tailwind for the stock. Coinbase Short Interest Doubles In 2026: S3 Data Shows Elevated Potential For Short Squeeze
• Positive Sentiment: Product expansion: Coinbase launched regulated crypto and index futures across 26 European countries, widening its addressable market and revenue opportunities outside the U.S. COIN Broadens Reach With Europe Futures: Is it Making a Global Push?
• Neutral Sentiment: Stablecoin adoption and TradFi pilots (Aon’s pilot) are expanding the payments use case; Coinbase is participating in some pilots, which could broaden non-trading revenue but also elevates competition from stablecoin issuers like Circle. Crypto Biz: Circle stock defies Wall Street and digital asset selloff
• Neutral Sentiment: Regulatory clarity moves: the CFTC’s new prediction market rules affect Coinbase’s product set and open a 45‑day comment period — could increase compliance costs but also reduce legal uncertainty if finalized. CFTC Unveils Prediction Market Regulations Impacting Kalshi, Polymarket, and Coinbase
• Neutral Sentiment: Company messaging: Coinbase executives publicly denied allegations they lobbied against a Bitcoin de minimis tax exemption — reduces rumor-driven regulatory uncertainty but leaves the broader policy debate unresolved. Coinbase execs deny lobbying against Bitcoin de minimis tax exemption
• Negative Sentiment: Negative headlines and positioning risks: media coverage highlights insider share sales and commentary (e.g., Jim Cramer recommending Bitcoin over COIN), which can weigh on sentiment and valuation multiples. Coinbase (COIN) Stock Faces Mounting Pressure as Cramer Recommends Bitcoin Over Shares
• Negative Sentiment: Ongoing controversy about alleged lobbying around BTC tax rules (despite denials) keeps regulatory and reputational risk on investors’ radars. Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption In Favor Of Stablecoins?

Coinbase Global Stock Up 1.2%

Shares of COIN stock opened at $195.53 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company’s fifty day moving average price is $198.54 and its 200-day moving average price is $265.14. The company has a market capitalization of $51.64 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 3.44 and a beta of 3.70.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on COIN shares. Cantor Fitzgerald decreased their target price on shares of Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. HC Wainwright dropped their price target on Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. BTIG Research reduced their price objective on Coinbase Global from $340.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Rosenblatt Securities lowered their target price on Coinbase Global from $325.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Nineteen equities research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $270.51.

About Coinbase Global

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.