Mitsubishi UFJ Trust & Banking Corp Sells 5,196 Shares of Coinbase Global, Inc. $COIN

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,903 shares of the cryptocurrency exchange’s stock after selling 5,196 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Coinbase Global were worth $22,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Coinbase Global by 8.3% during the third quarter. Vanguard Group Inc. now owns 26,216,793 shares of the cryptocurrency exchange’s stock valued at $8,847,905,000 after buying an additional 2,007,930 shares during the last quarter. Ruffer LLP bought a new position in Coinbase Global during the fourth quarter valued at approximately $166,515,000. Artisan Partners Limited Partnership bought a new position in Coinbase Global during the third quarter valued at approximately $224,663,000. Baillie Gifford & Co. bought a new position in Coinbase Global during the third quarter valued at approximately $198,249,000. Finally, Rakuten Investment Management Inc. bought a new position in Coinbase Global during the third quarter valued at approximately $157,015,000. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

Shares of Coinbase Global stock opened at $181.73 on Thursday. The stock has a market cap of $47.99 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 4.45 and a beta of 3.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a 50 day moving average price of $186.71 and a 200-day moving average price of $231.80. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64.

Coinbase Global (NASDAQ:COIN) last announced its 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 company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the firm posted $4.68 EPS. Coinbase Global’s revenue for the quarter was down 21.6% compared to the same quarter last year. Equities analysts expect that Coinbase Global, Inc. will post 2.77 EPS for the current year.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Cantor Fitzgerald raised its price target for COIN to $250 and reiterated an Overweight rating, reflecting confidence in Coinbase’s product roadmap and giving bulls a near-term fundamental upside case. Coinbase Global (COIN): Why Predictions Market Matters
• Positive Sentiment: Coinbase/Glassnode survey shows >70% of respondents view Bitcoin as undervalued and many see the market in a late bear-cycle markdown — a constructive backdrop for trading volumes and future revenue if crypto prices stabilize. Most crypto investors believe Bitcoin is undervalued: Coinbase survey
• Positive Sentiment: Acting U.S. AG signaled a shift away from prosecuting developers (“code is not a crime”), which reduces legal tail risk for crypto platforms and is broadly positive for exchange operators like Coinbase. Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot
• Neutral Sentiment: Coinbase Institutional’s Q2 outlook is neutral — the firm sees a potential bottom but flags macro and recession risks, suggesting mixed near-term revenue implications. Coinbase Sees Crypto Bottom Forming as Recession Risks Loom
• Neutral Sentiment: Blockchain.com launched a high‑net‑worth “Blockchain Wealth” offering — a competitor move in institutional/wealth channels that merits watching but is not an immediate earnings threat. Blockchain.com Launches Blockchain Wealth Program for High-Net Investors
• Neutral Sentiment: Analysis suggesting the crypto market may be “nearing a bottom” is balanced by sizable macro risks; this keeps a cautious tone for Q2 volumes/revenue. Coinbase Sees Crypto Bottom Forming as Recession Risks Loom
• Negative Sentiment: Robinhood’s weak Q1 crypto revenue (big miss) sparked sector selling and directly pressured COIN as investors de-risk exchange/exchange‑adjacent names. Robinhood (HOOD) Stock Plummets 14% as Crypto Revenue Crashes 47%
• Negative Sentiment: On‑chain/market signals show U.S. spot-Bitcoin demand weakening (Coinbase Premium turned negative), a technical headwind that can reduce trading volumes and fee revenue for exchanges. Bitcoin Coinbase Premium turns negative as BTC price drops, weekly losses top $829M
• Negative Sentiment: The CFTC sued Wisconsin over prediction‑market jurisdiction in a case that specifically names Coinbase among platforms; this adds legal uncertainty and potential compliance costs. CFTC pulls Wisconsin into fight over prediction markets
• Negative Sentiment: Geopolitical tensions in the Middle East are increasing risk‑off flows, which has pressured crypto and tech stocks, contributing to COIN’s decline today. Coinbase Stock Slides Amid Middle East Uncertainty

Insider Buying and Selling at Coinbase Global

In other news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total value of $2,004,000.00. Following the sale, the chief financial officer directly owned 377,201 shares in the company, valued at approximately $75,440,200. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 394,590 shares of company stock valued at $62,508,690 in the last quarter. Corporate insiders own 16.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. HC Wainwright dropped their price target on Coinbase Global from $425.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Citizens Jmp dropped their price target on Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Canaccord Genuity Group dropped their price target on Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Monness Crespi & Hardt lowered Coinbase Global from a “hold” rating to a “sell” rating in a research note on Monday, February 23rd. Finally, UBS Group set a $264.00 price target on Coinbase Global in a research note on Friday, February 13th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $262.07.

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.