Impact Partnership Wealth LLC Has $482,000 Position in Coinbase Global, Inc. (NASDAQ:COIN)

Impact Partnership Wealth LLC boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,942 shares of the cryptocurrency exchange’s stock after purchasing an additional 200 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Coinbase Global were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of COIN. RPg Family Wealth Advisory LLC bought a new stake in Coinbase Global in the 3rd quarter valued at $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Coinbase Global during the third quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Coinbase Global by 365.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after acquiring an additional 106 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Coinbase Global by 408.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after purchasing an additional 204 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in Coinbase Global by 548.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 214 shares of the cryptocurrency exchange’s stock valued at $48,000 after purchasing an additional 181 shares during the period. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Trading Up 0.1 %

Shares of COIN stock opened at $296.01 on Friday. The stock’s 50 day simple moving average is $290.70 and its two-hundred day simple moving average is $233.19. Coinbase Global, Inc. has a 1 year low of $114.51 and a 1 year high of $349.75. The company has a market cap of $74.11 billion, a PE ratio of 50.51 and a beta of 3.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.13). Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted ($0.01) EPS. The company’s revenue for the quarter was up 78.8% compared to the same quarter last year. Research analysts predict that Coinbase Global, Inc. will post 4.81 earnings per share for the current year.

Insider Activity

In related news, COO Emilie Choi sold 1,500 shares of Coinbase Global stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $203.30, for a total value of $304,950.00. Following the completion of the transaction, the chief operating officer now directly owns 175,101 shares in the company, valued at approximately $35,598,033.30. This trade represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alesia J. Haas sold 5,700 shares of Coinbase Global stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total transaction of $1,521,159.00. Following the sale, the chief financial officer now directly owns 144,470 shares of the company’s stock, valued at approximately $38,554,708.90. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 367,489 shares of company stock worth $109,624,297 over the last 90 days. 23.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Coinbase Global from $375.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Oppenheimer reduced their target price on Coinbase Global from $358.00 to $334.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group cut their price target on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. HC Wainwright reaffirmed a “buy” rating and set a $295.00 target price on shares of Coinbase Global in a research report on Tuesday, October 29th. Finally, Monness Crespi & Hardt boosted their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $282.83.

Coinbase Global Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.