Western Financial Corp CA Buys New Holdings in Coinbase Global, Inc. $COIN

Western Financial Corp CA purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,384 shares of the cryptocurrency exchange’s stock, valued at approximately $2,155,000. Coinbase Global comprises 0.9% of Western Financial Corp CA’s holdings, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bessemer Group Inc. grew its position in shares of Coinbase Global by 672.2% in the second quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after purchasing an additional 1,015 shares during the last quarter. SP Asset Management LLC acquired a new stake in Coinbase Global during the 2nd quarter worth approximately $360,000. Kera Capital Partners Inc. boosted its stake in Coinbase Global by 3.0% in the 2nd quarter. Kera Capital Partners Inc. now owns 36,960 shares of the cryptocurrency exchange’s stock valued at $12,954,000 after purchasing an additional 1,085 shares during the period. Parallel Advisors LLC grew its holdings in Coinbase Global by 102.6% in the 2nd quarter. Parallel Advisors LLC now owns 10,665 shares of the cryptocurrency exchange’s stock valued at $3,738,000 after buying an additional 5,402 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in Coinbase Global by 890.8% in the 2nd quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock valued at $11,033,000 after buying an additional 28,302 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt raised shares of Coinbase Global from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coinbase Global in a research report on Tuesday, October 14th. Argus reissued a “hold” rating on shares of Coinbase Global in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Coinbase Global in a research report on Wednesday, December 17th. They set a “buy” rating and a $340.00 target price on the stock. Finally, Barclays lowered their target price on shares of Coinbase Global from $357.00 to $291.00 and set an “equal weight” rating on the stock in a report on Friday, December 12th. One equities 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 issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $379.88.

Coinbase Global Price Performance

Shares of NASDAQ:COIN opened at $236.53 on Friday. The firm has a 50 day moving average of $273.35 and a 200-day moving average of $317.39. Coinbase Global, Inc. has a 12 month low of $142.58 and a 12 month high of $444.64. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $63.78 billion, a PE ratio of 20.46 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, October 30th. The cryptocurrency exchange reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.40. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. On average, equities research analysts predict that Coinbase Global, Inc. will post 7.22 EPS for the current fiscal year.

More Coinbase Global News

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

• Positive Sentiment: Management is pitching a 2026 push to become a global all‑in‑one exchange (broader markets, derivatives, retail features) — a strategic pivot investors see as expanding TAM and recurring revenue potential. Coinbase Sets 2026 Focus
• Positive Sentiment: CEO Brian Armstrong and execs are prioritizing stablecoin growth and on‑chain adoption — moves that could drive fee revenue and product expansion (payments, yield, settlement). Stablecoin Growth
• Positive Sentiment: Coinbase says ETF momentum and clearer global regulatory frameworks helped produce record activity in 2025 and could accelerate crypto adoption into 2026 — a macro tailwind for trading and custody volumes. Adoption Accelerating
• Neutral Sentiment: Analysts remain mixed: Needham kept a Buy rating but cut its price target to $290 from $400 — supportive sentiment but lower near‑term expectations. Analyst Update
• Neutral Sentiment: Industry outlook pieces (including BlackRock and other firms) offer mixed but constructive views for crypto in 2026 — useful context but not immediately stock‑moving. Industry Predictions
• Negative Sentiment: Critics argue Coinbase’s 2026 vision faces execution and focus risks; some public commentary suggests the plan isn’t winning fans — a governance/strategy risk that could weigh investor confidence. Vision Criticism
• Negative Sentiment: Operational issues surfaced: users of a Coinbase‑backed exchange reported sudden withdrawal problems, which can pressure sentiment around reliability and compliance. Withdrawal Problems
• Negative Sentiment: Market context: COIN’s market cap fell substantially from 2025 highs (reported near‑50% drawdown from peak), underscoring valuation risk if growth or execution disappoints. Stock Drawdown

Insiders Place Their Bets

In other news, CFO Alesia J. Haas sold 5,633 shares of Coinbase Global stock in a transaction on Monday, December 15th. The stock was sold at an average price of $266.49, for a total value of $1,501,138.17. Following the transaction, the chief financial officer owned 78,714 shares in the company, valued at approximately $20,976,493.86. This trade represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $250.15, for a total value of $10,006,000.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 798,179 shares of company stock worth $238,493,645. 16.56% of the stock is owned by company insiders.

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.