Tyler Stone Wealth Management Makes New $206,000 Investment in Coinbase Global, Inc. (NASDAQ:COIN)

Tyler Stone Wealth Management purchased a new position in Coinbase Global, Inc. (NASDAQ:COIN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 830 shares of the cryptocurrency exchange’s stock, valued at approximately $206,000.

Several other large investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new stake in Coinbase Global in the 3rd quarter worth approximately $25,000. Wingate Wealth Advisors Inc. bought a new position in shares of Coinbase Global in the fourth quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in shares of Coinbase Global in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Coinbase Global by 365.5% during 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. grew 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 valued at $45,000 after buying an additional 204 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Activity

In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $256.69, for a total value of $2,566,900.00. Following the completion of the transaction, the insider now directly owns 69,407 shares of the company’s stock, valued at approximately $17,816,082.83. The trade was a 12.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 10,216 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $310.14, for a total transaction of $3,168,390.24. Following the transaction, the director now owns 10,417 shares in the company, valued at $3,230,728.38. The trade was a 49.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 225,609 shares of company stock worth $61,331,908. Insiders own 23.43% of the company’s stock.

Coinbase Global Stock Performance

Coinbase Global stock opened at $193.95 on Thursday. Coinbase Global, Inc. has a 52-week low of $146.12 and a 52-week high of $349.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a fifty day moving average price of $243.66 and a two-hundred day moving average price of $241.88. The firm has a market capitalization of $49.24 billion, a P/E ratio of 20.42 and a beta of 3.66.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on COIN. Keefe, Bruyette & Woods boosted their target price on shares of Coinbase Global from $255.00 to $305.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group started coverage on Coinbase Global in a research report on Thursday, March 20th. They issued a “neutral” rating and a $195.00 price target on the stock. JMP Securities increased their price objective on Coinbase Global from $400.00 to $475.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Sanford C. Bernstein raised shares of Coinbase Global to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $305.00 price objective on shares of Coinbase Global in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coinbase Global has a consensus rating of “Moderate Buy” and an average target price of $314.72.

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.