Claar Advisors LLC Has $3.71 Million Stake in Coinbase Global, Inc. $COIN

Claar Advisors LLC boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 56.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,415 shares of the cryptocurrency exchange’s stock after buying an additional 5,928 shares during the period. Coinbase Global makes up 1.1% of Claar Advisors LLC’s holdings, making the stock its 16th biggest holding. Claar Advisors LLC’s holdings in Coinbase Global were worth $3,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. West Family Investments Inc. lifted its holdings in Coinbase Global by 3.3% in the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after buying an additional 33 shares during the period. GW&K Investment Management LLC raised its holdings in shares of Coinbase Global by 32.2% during the third quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock valued at $51,000 after purchasing an additional 37 shares during the period. Bridgewater Advisors Inc. raised its holdings in shares of Coinbase Global by 1.2% during the third quarter. Bridgewater Advisors Inc. now owns 3,307 shares of the cryptocurrency exchange’s stock valued at $1,116,000 after purchasing an additional 38 shares during the period. Formidable Asset Management LLC raised its holdings in shares of Coinbase Global by 2.2% during the fourth quarter. Formidable Asset Management LLC now owns 2,074 shares of the cryptocurrency exchange’s stock valued at $469,000 after purchasing an additional 44 shares during the period. Finally, L2 Asset Management LLC raised its holdings in shares of Coinbase Global by 5.0% during the third quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock valued at $326,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Transactions at Coinbase Global

In related news, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the transaction, the insider owned 84,753 shares in the company, valued at $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lawrence J. Brock sold 6,616 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 517 shares in the company, valued at $97,718.17. This represents a 92.75% decrease in their position. 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 three months, insiders have sold 30,647 shares of company stock valued at $5,740,941. Company insiders own 16.66% of the company’s stock.

Coinbase Global Trading Down 2.6%

NASDAQ:COIN opened at $164.91 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 62.00, a price-to-earnings-growth ratio of 5.98 and a beta of 3.32. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The firm has a 50-day moving average price of $184.76 and a two-hundred day moving average price of $201.96.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was down 30.5% on a year-over-year basis. On average, equities analysts expect that Coinbase Global, Inc. will post 1.74 earnings per share for the current fiscal year.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Analysts at multiple firms reaffirmed bullish ratings on Coinbase, with price targets ranging from $220 to $280, signaling confidence in upside from current levels.
• Positive Sentiment: Jefferies said Coinbase’s expansion into tokenized equities and AI could broaden its addressable market and strengthen its “everything exchange” strategy.
• Positive Sentiment: Coinbase launched AI-powered investing tools, including an AI investment adviser, alongside new trading features such as tokenized stocks, pre-IPO exposure, and portfolio transfers, which may improve user engagement and revenue diversification.
• Positive Sentiment: Coinbase’s move into tokenized U.S. equities, dividend-bearing onchain assets, and expanded stock/ETF trading could help it compete more directly with traditional brokerages and fintech platforms.
• Neutral Sentiment: Coinbase-linked political spending and pro-crypto election results, such as the Alabama Senate runoff win backed by a crypto PAC, suggest improving regulatory and political momentum for the industry. Article Title

Wall Street Analysts Forecast Growth

COIN has been the topic of several research reports. Weiss Ratings upgraded shares of Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wedbush set a $224.00 price objective on shares of Coinbase Global in a report on Friday, May 8th. B. Riley Financial dropped their price objective on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of Coinbase Global in a report on Wednesday. Finally, Robert W. Baird dropped their price objective on shares of Coinbase Global from $160.00 to $142.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $250.65.

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.