State of New Jersey Common Pension Fund D Purchases 16,624 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

State of New Jersey Common Pension Fund D boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 20.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,105 shares of the cryptocurrency exchange’s stock after purchasing an additional 16,624 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Coinbase Global were worth $7,291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its holdings in Coinbase Global by 3.4% during the third quarter. Stratos Wealth Partners LTD. now owns 3,759 shares of the cryptocurrency exchange’s stock valued at $282,000 after purchasing an additional 125 shares during the period. Windle Wealth LLC grew its holdings in Coinbase Global by 2.5% during the third quarter. Windle Wealth LLC now owns 5,236 shares of the cryptocurrency exchange’s stock valued at $393,000 after purchasing an additional 126 shares during the period. D.A. Davidson & CO. grew its holdings in Coinbase Global by 3.1% during the second quarter. D.A. Davidson & CO. now owns 4,571 shares of the cryptocurrency exchange’s stock valued at $327,000 after purchasing an additional 136 shares during the period. Brighton Jones LLC grew its holdings in Coinbase Global by 12.5% during the first quarter. Brighton Jones LLC now owns 1,494 shares of the cryptocurrency exchange’s stock valued at $284,000 after purchasing an additional 166 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in Coinbase Global by 2.8% during the second quarter. IHT Wealth Management LLC now owns 6,439 shares of the cryptocurrency exchange’s stock valued at $461,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 45.96% of the company’s stock.

Coinbase Global Price Performance

NASDAQ COIN opened at $141.99 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $144.40 and its two-hundred day moving average price is $105.83. Coinbase Global, Inc. has a 1 year low of $46.43 and a 1 year high of $187.39.

Insiders Place Their Bets

In other Coinbase Global news, insider Paul Grewal sold 29,607 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $117.53, for a total transaction of $3,479,710.71. Following the sale, the insider now directly owns 61,665 shares of the company’s stock, valued at $7,247,487.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coinbase Global news, insider Paul Grewal sold 29,607 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $117.53, for a total value of $3,479,710.71. Following the transaction, the insider now directly owns 61,665 shares in the company, valued at $7,247,487.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Armstrong sold 18,500 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $96.38, for a total transaction of $1,783,030.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,328,077 shares of company stock valued at $184,096,220. 33.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on COIN shares. The Goldman Sachs Group boosted their price objective on shares of Coinbase Global from $55.00 to $123.00 and gave the company a “sell” rating in a report on Thursday, December 7th. JMP Securities lifted their price target on shares of Coinbase Global from $107.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, December 22nd. Wedbush lifted their price target on shares of Coinbase Global from $110.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. lowered shares of Coinbase Global from a “neutral” rating to an “underweight” rating and set a $80.00 price target on the stock. in a research note on Tuesday, January 23rd. Finally, Needham & Company LLC lifted their price target on shares of Coinbase Global from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.68.

Read Our Latest Report on Coinbase Global

Coinbase Global Profile

(Free Report)

Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.

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Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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