Capula Management Ltd Has $1.05 Million Stake in Coinbase Global, Inc. (NASDAQ:COIN)

Capula Management Ltd boosted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 101.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,228 shares of the cryptocurrency exchange’s stock after purchasing an additional 2,128 shares during the quarter. Capula Management Ltd’s holdings in Coinbase Global were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of COIN. Wingate Wealth Advisors Inc. bought a new stake in shares of Coinbase Global in the fourth quarter valued at about $27,000. Atala Financial Inc acquired a new position in Coinbase Global in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB grew its position in 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 acquiring an additional 106 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Coinbase Global in the fourth quarter valued at about $50,000. Finally, Bogart Wealth LLC lifted its holdings in Coinbase Global by 252.5% during the 4th quarter. Bogart Wealth LLC now owns 208 shares of the cryptocurrency exchange’s stock worth $52,000 after buying an additional 149 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Brian Armstrong sold 15,000 shares of Coinbase Global stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $168.53, for a total value of $2,527,950.00. Following the completion of the sale, the chief executive officer now owns 526 shares of the company’s stock, valued at approximately $88,646.78. This trade represents a 96.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederick Ernest Ehrsam III sold 25,194 shares of Coinbase Global stock in a transaction dated 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 transaction, the director now directly owns 10,417 shares of the company’s stock, valued at $3,114,162.15. The trade was a 70.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,767 shares of company stock worth $48,326,134 in the last quarter. Insiders own 23.43% of the company’s stock.

Coinbase Global Stock Performance

NASDAQ:COIN opened at $157.28 on Tuesday. Coinbase Global, Inc. has a fifty-two week low of $142.58 and a fifty-two week high of $349.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The company has a 50 day simple moving average of $224.58 and a two-hundred day simple moving average of $243.09. The company has a market capitalization of $39.93 billion, a PE ratio of 16.56 and a beta of 3.65.

Coinbase Global (NASDAQ:COIN) last posted its quarterly 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 return on equity of 20.64% and a net margin of 39.34%. Research analysts anticipate that Coinbase Global, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COIN shares. Piper Sandler raised their price target on Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Coinbase Global in a research report on Wednesday, March 26th. The Goldman Sachs Group began coverage on shares of Coinbase Global in a research report on Thursday, March 20th. They issued a “neutral” rating and a $195.00 target price for the company. HC Wainwright reissued a “buy” rating and set a $350.00 price target on shares of Coinbase Global in a research report on Friday, February 21st. Finally, Mizuho reduced their price target on shares of Coinbase Global from $280.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.89.

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.