Lindbrook Capital LLC Purchases 9,100 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

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Lindbrook Capital LLC boosted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 24.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,175 shares of the cryptocurrency exchange’s stock after acquiring an additional 9,100 shares during the period. Lindbrook Capital LLC’s holdings in Coinbase Global were worth $3,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COIN. Vanguard Group Inc. lifted its holdings in shares of Coinbase Global by 19.8% in the third quarter. Vanguard Group Inc. now owns 12,786,266 shares of the cryptocurrency exchange’s stock valued at $824,587,000 after purchasing an additional 2,110,196 shares in the last quarter. ARK Investment Management LLC lifted its holdings in shares of Coinbase Global by 2.9% in the second quarter. ARK Investment Management LLC now owns 12,121,881 shares of the cryptocurrency exchange’s stock valued at $867,321,000 after purchasing an additional 345,866 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Coinbase Global by 117,449.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,320,018 shares of the cryptocurrency exchange’s stock valued at $809,947,000 after purchasing an additional 11,310,388 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Coinbase Global by 6.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,166,044 shares of the cryptocurrency exchange’s stock valued at $655,830,000 after purchasing an additional 555,099 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Coinbase Global by 84.7% in the second quarter. Renaissance Technologies LLC now owns 3,057,000 shares of the cryptocurrency exchange’s stock valued at $218,728,000 after purchasing an additional 1,402,169 shares in the last quarter. Institutional investors own 45.96% of the company’s stock.

Insider Activity

In other news, Director Marc L. Andreessen sold 33,992 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $163.91, for a totalidade transaction of $5,571,628.72. Following the transaction, the director now directly owns 4,662 shares of the company’s stock, valued at approximately $764,148.42. The transaction was disclosed in a legítimo filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Marc L. Andreessen sold 33,992 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $163.91, for a totalidade value of $5,571,628.72. Following the completion of the sale, the director now directly owns 4,662 shares in the company, valued at approximately $764,148.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alesia J. Haas sold 1,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $175.00, for a totalidade value of $175,000.00. Following the completion of the sale, the chief financial officer now owns 278,784 shares of the company’s stock, valued at $48,787,200. The disclosure for this sale can be found here. Insiders have sold 817,204 shares of company stock valued at $118,004,221 in the last ninety days. 33.16% of the stock is currently owned by company insiders.

Coinbase Global Price Performance

Shares of NASDAQ COIN opened at $153.98 on Friday. The stock has a fifty day moving average of $128.83 and a 200-day moving average of $97.26. The stock has a market cap of $36.84 billion, a PE ratio of -47.67 and a beta of 3.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05. Coinbase Global, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $187.39.

Coinbase Global (NASDAQ:COINGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The cryptocurrency exchange reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.53. The firm had revenue of $674.15 million for the quarter, compared to analysts’ expectations of $656.61 million. Coinbase Global had a negative return on equity of 10.90% and a negative net margin of 26.42%. Equities research analysts anticipate that Coinbase Global, Inc. will post -0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COIN. The Goldman Sachs Group raised their target price on Coinbase Global from $55.00 to $123.00 and gave the company a “sell” rating in a report on Thursday, December 7th. Needham & Company LLC increased their price target on Coinbase Global from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Coinbase Global in a research report on Tuesday, November 7th. Bank of America decreased their price target on Coinbase Global from $63.00 to $60.00 in a research report on Thursday, October 12th. Finally, Mizuho increased their price target on Coinbase Global from $35.00 to $54.00 and gave the company an “underperform” rating in a research report on Friday, December 22nd. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.00.

Check Out Our Latest Stock Analysis on COIN

Coinbase Global Profile

(Free Report)

Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.

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Want to see what other hedge funds are holding COIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coinbase Global, Inc. (NASDAQ:COINFree Report).

Institutional Ownership by Quarter for Coinbase Global (NASDAQ:COIN)

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