WCG Wealth Advisors LLC Takes $3 Million Position in Coinbase Global, Inc. $COIN

WCG Wealth Advisors LLC bought a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,278 shares of the cryptocurrency exchange’s stock, valued at approximately $3,003,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Coinbase Global by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares in the last quarter. Geode Capital Management LLC raised its position in Coinbase Global by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after purchasing an additional 189,080 shares during the period. Norges Bank bought a new stake in Coinbase Global in the fourth quarter worth $656,744,000. Northern Trust Corp increased its holdings in shares of Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after buying an additional 108,751 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Coinbase Global by 1.4% during the fourth quarter. Legal & General Group Plc now owns 1,210,082 shares of the cryptocurrency exchange’s stock valued at $273,648,000 after purchasing an additional 16,298 shares during the period. 68.84% of the stock is currently owned by institutional investors.

Coinbase Global Stock Performance

Coinbase Global stock opened at $164.13 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $43.24 billion, a P/E ratio of 61.70, a PEG ratio of 5.65 and a beta of 3.32. The stock’s 50 day moving average is $186.63 and its 200 day moving average is $207.97. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64.

Coinbase Global (NASDAQ:COIN) last released its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company’s revenue was down 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts predict that Coinbase Global, Inc. will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup decreased their price objective 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. Wedbush set a $224.00 target price on shares of Coinbase Global in a report on Friday, May 8th. Needham & Company LLC lowered their price target on Coinbase Global from $230.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Monness Crespi & Hardt reissued a “sell” rating and set a $110.00 target price (down from $115.00) on shares of Coinbase Global in a research note on Friday, May 8th. Finally, Rothschild & Co Redburn raised their target price on shares of Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $250.81.

Trending Headlines about Coinbase Global

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

• Positive Sentiment: Coinbase and Better Mortgage completed the first U.S. Bitcoin-backed home loan approved by Fannie Mae, with a nationwide launch planned for 2026. This could open a new fee-generating use case for Coinbase’s crypto infrastructure and deepen mainstream adoption. Article Title
• Positive Sentiment: Coinbase launched pre-IPO perpetual futures starting with SpaceX for non-U.S. customers, expanding its derivatives lineup and potentially boosting trading volumes and revenue. Article Title
• Positive Sentiment: Coinbase also closed the first Bitcoin-backed home loan deal and introduced token-backed mortgage down-payment products, reinforcing its push into real-world financial services and crypto utility. Article Title
• Neutral Sentiment: Coinbase froze more than $3 million in crypto tied to Southeast Asia scam networks as part of a broader DOJ-backed fraud crackdown. The move supports trust and compliance, but it is unlikely to materially move earnings on its own. Article Title
• Neutral Sentiment: Coinbase Ventures bought ENA as Ethena scales USDe, and Base network payment activity surpassed 100 million transactions, showing continued ecosystem growth. These are constructive long-term signals, but the near-term stock impact is limited. Article Title
• Negative Sentiment: Bitcoin’s sharp pullback below key support levels is pressuring Coinbase, since weaker crypto prices typically reduce trading activity and hurt sentiment for crypto-exchange stocks. Article Title
• Negative Sentiment: Technical analysts say Bitcoin weakness is spilling over into Coinbase, with charts showing deteriorating momentum and added downside risk for the stock. Article Title
• Negative Sentiment: Sentiment was also weighed down by insider selling after Coinbase director Frederick Wilson sold 10,000 shares in a prearranged transaction. Article Title

Insider Activity

In related news, insider Lawrence J. Brock sold 6,616 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $189.01, for a total transaction of $1,250,490.16. Following the completion of the sale, the insider owned 517 shares of the company’s stock, valued at $97,718.17. This trade represents a 92.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $181.54, for a total value of $1,815,400.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at $5,446,200. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 38,546 shares of company stock worth $7,422,495. Corporate insiders own 16.66% of the company’s stock.

Coinbase Global 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.