Signature Estate & Investment Advisors LLC Has $1.53 Million Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Signature Estate & Investment Advisors LLC decreased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,145 shares of the cryptocurrency exchange’s stock after selling 71 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Coinbase Global were worth $1,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in COIN. RPg Family Wealth Advisory LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at about $25,000. Wingate Wealth Advisors Inc. bought a new stake in Coinbase Global during the 4th quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in Coinbase Global in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position 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 worth $34,000 after buying an additional 106 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of 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 buying an additional 204 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Paul Grewal sold 10,978 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $211.93, for a total value of $2,326,567.54. Following the completion of the transaction, the insider now owns 83,313 shares in the company, valued at $17,656,524.09. The trade was a 11.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederick Ernest Ehrsam III sold 25,194 shares of Coinbase Global stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $298.95, for a total value of $7,531,746.30. Following the completion of the sale, the director now directly owns 10,417 shares of the company’s stock, valued at $3,114,162.15. This trade represents a 70.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,034 shares of company stock valued at $57,835,408. Insiders own 23.43% of the company’s stock.

Coinbase Global Stock Up 0.6 %

NASDAQ COIN opened at $204.23 on Wednesday. The stock’s 50 day simple moving average is $245.27 and its 200 day simple moving average is $242.22. Coinbase Global, Inc. has a one year low of $146.12 and a one year high of $349.75. The firm has a market cap of $51.85 billion, a PE ratio of 21.50 and a beta of 3.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 EPS for the quarter, topping the consensus estimate of $0.46 by $2.93. Coinbase Global had a return on equity of 20.64% and a net margin of 39.34%. As a group, sell-side analysts forecast that Coinbase Global, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of Coinbase Global from $363.00 to $311.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Oppenheimer restated an “outperform” rating on shares of Coinbase Global in a report on Monday, February 10th. Monness Crespi & Hardt set a $420.00 target price on shares of Coinbase Global in a research note on Tuesday, February 18th. JMP Securities boosted their price target on Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Piper Sandler upped their price target on Coinbase Global from $285.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coinbase Global currently has a consensus rating of “Moderate Buy” and an average price target of $314.72.

Coinbase Global Company 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.