Envestnet Portfolio Solutions Inc. Buys Shares of 29,800 Coinbase Global, Inc. $COIN

Envestnet Portfolio Solutions Inc. bought a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,800 shares of the cryptocurrency exchange’s stock, valued at approximately $10,057,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in Coinbase Global by 24.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after acquiring an additional 413 shares during the last quarter. Empowered Funds LLC raised its holdings in Coinbase Global by 25.8% in the first quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock worth $1,478,000 after purchasing an additional 1,761 shares during the period. Focus Partners Wealth raised its holdings in Coinbase Global by 9.9% in the first quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock worth $896,000 after purchasing an additional 467 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Coinbase Global during the second quarter worth $285,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Coinbase Global by 1.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,017 shares of the cryptocurrency exchange’s stock valued at $4,632,000 after buying an additional 165 shares during the period. 68.84% of the stock is owned by institutional investors.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Launched an independent expert board to assess quantum‑computing threats and publish guidance — a proactive security move that reduces long-term systemic risk for Coinbase and crypto infrastructure. Coinbase forms board to assess quantum computing risks to blockchain
• Positive Sentiment: Coinbase says crypto entered 2026 with a healthier market structure — a messaging point that could support higher trading volumes and investor confidence if market conditions hold. Coinbase Says Crypto Enters 2026 With Healthier Market Structure
• Positive Sentiment: Announced support with Circle to create an on‑chain economy in Bermuda — a business development that could expand product reach and regulatory experimentation outside the U.S. Coinbase, Circle Announce Support To Create World’s First ‘On-Chain Economy’ For Bermuda
• Neutral Sentiment: CEO Brian Armstrong publicly debated central‑bank vs. Bitcoin roles at Davos — high profile but more reputational than immediately financial. Coinbase CEO Brian Armstrong spars with France’s Central Bank chief at Davos over yield and ‘bitcoin standard’
• Neutral Sentiment: Coverage comparing shorting mechanics across Binance, Coinbase and Robinhood — informative for traders but not a direct company catalyst. Shorting Crypto on Binance, Coinbase, and Robinhood Compared
• Neutral Sentiment: Coinbase exec clarified Bitcoin’s structural differences versus central banks — supports narrative positioning but limited immediate market impact. Coinbase Exec Points Out The Big Difference Between Bitcoin And Central Banks
• Negative Sentiment: Delay in a key crypto market‑structure bill triggered White House pushback after Coinbase’s intervention — prolongs regulatory uncertainty, which investors view as a near‑term headwind for U.S. crypto revenues and product rollout. Crypto Bill Delay Sparks White House Pushback After Coinbase Intervention
• Negative Sentiment: Analysis flags COIN’s recent share weakness (10.2% decline over five sessions) and questions resilience if markets fall — amplifies short‑term selling pressure amid geopolitical/regulatory concerns. If Markets Fall, How Resilient Is Coinbase Stock?
• Negative Sentiment: Senate committee delays the crypto market‑structure bill (competing priorities cited) — another sign regulatory clarity could be slower than investors hoped. Senate Banking Committee Delays Crypto Market Structure Bill Due to Housing Priorities

Wall Street Analyst Weigh In

Several brokerages recently commented on COIN. President Capital raised their price objective on Coinbase Global from $401.00 to $472.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group lowered their price target on Coinbase Global from $367.00 to $268.00 and set a “hold” rating for the company in a report on Monday, January 12th. UBS Group set a $340.00 price objective on Coinbase Global in a report on Wednesday, December 17th. JPMorgan Chase & Co. lowered their target price on Coinbase Global from $404.00 to $399.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Rosenblatt Securities lifted their price target on shares of Coinbase Global from $450.00 to $470.00 in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.92.

Insider Activity

In other news, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $271.87, for a total value of $10,874,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Emilie Choi sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $310.88, for a total value of $31,088,000.00. Following the transaction, the chief operating officer owned 187,802 shares in the company, valued at approximately $58,383,885.76. This trade represents a 34.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 820,587 shares of company stock valued at $240,717,580 in the last ninety days. 16.56% of the stock is owned by company insiders.

Coinbase Global Price Performance

Shares of COIN stock opened at $216.95 on Friday. The company has a market cap of $58.50 billion, a P/E ratio of 18.77 and a beta of 3.70. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $249.62 and a 200 day simple moving average of $307.28. Coinbase Global, Inc. has a twelve month low of $142.58 and a twelve month high of $444.64.

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

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.