Stevens Capital Management LP Has $25.73 Million Stock Holdings in Coinbase Global, Inc. $COIN

Stevens Capital Management LP grew its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 255.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,240 shares of the cryptocurrency exchange’s stock after purchasing an additional 54,775 shares during the quarter. Coinbase Global makes up approximately 3.4% of Stevens Capital Management LP’s holdings, making the stock its 4th biggest holding. Stevens Capital Management LP’s holdings in Coinbase Global were worth $25,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of COIN. Vanguard Group Inc. lifted its holdings in Coinbase Global by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 24,208,863 shares of the cryptocurrency exchange’s stock worth $8,484,964,000 after buying an additional 4,914,407 shares during the last quarter. Norges Bank acquired a new stake in shares of Coinbase Global during the 2nd quarter valued at approximately $1,044,354,000. Geode Capital Management LLC lifted its stake in Coinbase Global by 46.1% during the second quarter. Geode Capital Management LLC now owns 5,559,513 shares of the cryptocurrency exchange’s stock worth $1,940,805,000 after purchasing an additional 1,755,146 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Coinbase Global in the third quarter worth $198,249,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Coinbase Global by 53.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,455,916 shares of the cryptocurrency exchange’s stock valued at $510,284,000 after purchasing an additional 504,068 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COIN has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Piper Sandler cut their target price on shares of Coinbase Global from $270.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. President Capital upped their target price on Coinbase Global from $401.00 to $472.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Erste Group Bank cut Coinbase Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group reduced their price objective on Coinbase Global from $310.00 to $264.00 and set a “buy” rating for the company in a research report on Tuesday. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $281.15.

Coinbase Global Stock Performance

Shares of COIN stock opened at $171.35 on Friday. Coinbase Global, Inc. has a 12-month low of $139.36 and a 12-month high of $444.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 2.54 and a beta of 3.70. The business has a 50 day simple moving average of $213.86 and a 200 day simple moving average of $278.36.

Coinbase Global (NASDAQ:COIN) last announced its quarterly earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (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 analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $4.68 EPS. The company’s revenue was down 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total transaction of $56,494,770.00. Following the sale, the chief financial officer directly owned 402,165 shares in the company, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $9,958,400.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 574,395 shares of company stock valued at $110,451,160 over the last 90 days. 16.56% of the stock is currently owned by company insiders.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Signs of meaningful progress on U.S. crypto regulation (White House meetings and talks on the CLARITY Act) reduce policy uncertainty for Coinbase and its institutional roadmap. White House Talks Over Stalled Crypto Bill Drag on. It Matters for Coinbase.
• Positive Sentiment: Public optimism from allies and Coinbase CEO participation at high‑profile forums (Brian Armstrong with Senator Bernie Moreno) reinforces hopes the CLARITY Act could pass, which would be structurally positive for COIN. US CLARITY Act to pass ‘hopefully by April’: Senator Bernie Moreno
• Positive Sentiment: Product monetization: Coinbase expanded on‑chain loans to accept XRP, DOGE, ADA and LTC as collateral and increased borrowing capacity — a revenue diversification signal and a way to capture more user wallet activity. Coinbase Integrates XRP, DOGE, ADA, LTC for Crypto Loans
• Positive Sentiment: Prediction markets are gaining traction on Coinbase (leadership says the sector outgrew expectations), signaling new product engagement and potential fee streams. EXCLUSIVE: Coinbase Prediction Markets Leader Says He ‘Underpredicted’ How Big The Sector Would Get
• Neutral Sentiment: Study shows community banks experienced net deposit outflows to Coinbase, highlighting customer adoption but also raising questions about banking relationships and regulatory attention. Community banks see net deposit outflows to Coinbase: Study
• Neutral Sentiment: Analyses and commentary about share buybacks are active — buybacks can support the stock but depend on the board’s pace and available cash. Do Coinbase Stock Buybacks Make COIN a Good Buy Here?
• Negative Sentiment: Multiple analyst downgrades and price‑target cuts (Compass Point, Zacks, others) increase selling pressure and highlight concerns about revenue softness and valuation. Compass Point Adjusts Coinbase Global Price Target to $140
• Negative Sentiment: User complaints over delayed/missing Super Bowl promotion payouts raise short‑term trust and customer‑service concerns that could dent user sentiment. Coinbase Super Bowl Payout Complaints Test Trust And Valuation Story
• Neutral Sentiment: Short‑interest reports in the feed show anomalous “0 shares / NaN” figures and do not provide meaningful evidence of a large short squeeze dynamic at present.

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.