Coinbase Global, Inc. (NASDAQ:COIN) Shares Purchased by Nvwm LLC

Nvwm LLC raised its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 2,687.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,509 shares of the cryptocurrency exchange’s stock after purchasing an additional 2,419 shares during the period. Nvwm LLC’s holdings in Coinbase Global were worth $623,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of COIN. MassMutual Private Wealth & Trust FSB raised its stake in Coinbase Global by 365.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the cryptocurrency exchange’s stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Coinbase Global during the third quarter worth $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at about $32,000. Spirit of America Management Corp NY lifted its stake in shares of Coinbase Global by 66.7% in the fourth quarter. Spirit of America Management Corp NY now owns 250 shares of the cryptocurrency exchange’s stock worth $62,000 after buying an additional 100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Coinbase Global by 408.0% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the cryptocurrency exchange’s stock worth $45,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on COIN shares. Monness Crespi & Hardt increased their price objective on shares of Coinbase Global from $245.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC increased their price target on Coinbase Global from $375.00 to $420.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays boosted their price objective on Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Oppenheimer cut 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. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $280.00 price target on shares of Coinbase Global in a research report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.06.

Insider Activity

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $307.80, for a total value of $2,186,611.20. Following the sale, the insider now owns 79,407 shares of the company’s stock, valued at $24,441,474.60. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick R. Wilson sold 40,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $300.00, for a total value of $12,000,000.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $15,000,000. This represents a 44.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 386,570 shares of company stock valued at $115,554,837. 23.43% of the stock is currently owned by company insiders.

Coinbase Global Stock Performance

NASDAQ COIN opened at $275.14 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $68.88 billion, a P/E ratio of 46.95 and a beta of 3.61. The stock has a 50-day moving average of $286.47 and a two-hundred day moving average of $236.59. Coinbase Global, Inc. has a 1-year low of $114.51 and a 1-year high of $349.75.

About Coinbase Global

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.