Hsbc Holdings PLC Has $109.64 Million Holdings in Coinbase Global, Inc. $COIN

Hsbc Holdings PLC raised its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 10.6% in the fourth quarter, HoldingsChannel reports. The fund owned 482,427 shares of the cryptocurrency exchange’s stock after acquiring an additional 46,319 shares during the period. Hsbc Holdings PLC’s holdings in Coinbase Global were worth $109,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in Coinbase Global by 24.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,119 shares of the cryptocurrency exchange’s stock worth $365,000 after purchasing an additional 413 shares during the last quarter. Empowered Funds LLC boosted its stake in Coinbase Global by 25.8% in the 1st quarter. Empowered Funds LLC now owns 8,581 shares of the cryptocurrency exchange’s stock valued at $1,478,000 after purchasing an additional 1,761 shares during the period. Focus Partners Wealth grew its holdings in Coinbase Global by 9.9% in the 1st quarter. Focus Partners Wealth now owns 5,202 shares of the cryptocurrency exchange’s stock valued at $896,000 after buying an additional 467 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Coinbase Global in the 2nd quarter valued at $285,000. Finally, Cerity Partners LLC increased its position in Coinbase Global by 8.6% during the 2nd quarter. Cerity Partners LLC now owns 17,694 shares of the cryptocurrency exchange’s stock worth $6,203,000 after buying an additional 1,402 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

Key Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: ARK Invest continued buying Coinbase shares, and Jefferies said Coinbase’s push into tokenized equities and AI could expand its addressable market. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block
• Positive Sentiment: Coinbase launched tokenized stocks and an AI advisor, reinforcing its move beyond crypto trading into a broader “everything” platform. Coinbase (COIN) Launches Tokenized Stocks And AI Advisor Beyond Crypto
• Positive Sentiment: Coinbase Ventures invested in Multipli through the Base Ecosystem Fund, supporting growth in tokenized assets and institutional credit infrastructure. Coinbase Ventures Invests in Multipli
• Neutral Sentiment: Shareholders re-elected the board and ratified Deloitte as auditor, a routine governance update with limited direct trading impact. Coinbase Shareholders Reelect Board, Ratify Deloitte Auditor
• Neutral Sentiment: Bitcoin-related flows were said to be easing, with Coinbase exchange inflows from mid-sized investors hitting their lowest levels since early April, which may reduce near-term selling pressure on crypto markets. Bitcoin traders expect new lows but data cautions against overly bearish bias
• Negative Sentiment: Kentucky sued Kalshi and Polymarket over alleged illegal sports betting, also naming Coinbase-linked prediction market activity in the legal fight, adding regulatory overhang. Kentucky sues Kalshi, Polymarket, joining prediction market legal battle
• Negative Sentiment: Satori Finance, a Coinbase-backed project, said it will wind down operations due to weak market conditions, another sign of pressure in crypto-related venture activity. Coinbase-Backed Satori Finance Says It Will Wind Down Operations

Wall Street Analyst Weigh In

COIN has been the subject of a number of research reports. Rothschild & Co Redburn lifted their target price on Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a research report on Wednesday, June 17th. Monness Crespi & Hardt reiterated a “sell” rating on shares of Coinbase Global in a research note on Friday, June 5th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Coinbase Global in a report on Wednesday, June 17th. Finally, BTIG Research restated a “buy” rating and set a $280.00 target price on shares of Coinbase Global in a research report on Wednesday, June 17th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Coinbase Global has a consensus rating of “Hold” and an average price target of $250.65.

Insider Transactions at Coinbase Global

In other Coinbase Global news, Director Frederick R. Wilson sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $181.54, for a total value of $1,815,400.00. Following the transaction, the director directly owned 30,000 shares of the company’s stock, valued at $5,446,200. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Grewal sold 1,960 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $176.88, for a total transaction of $346,684.80. Following the completion of the transaction, the insider owned 84,753 shares of the company’s stock, valued at $14,991,110.64. The trade was a 2.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 30,647 shares of company stock worth $5,740,941. Corporate insiders own 16.66% of the company’s stock.

Coinbase Global Stock Performance

COIN opened at $163.26 on Monday. The firm has a market cap of $43.01 billion, a P/E ratio of 61.38, a price-to-earnings-growth ratio of 5.76 and a beta of 3.32. Coinbase Global, Inc. has a 52-week low of $139.36 and a 52-week high of $444.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.14 and a current ratio of 2.14. The business’s fifty day moving average is $184.28 and its 200-day moving average is $200.50.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The firm’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. Sell-side analysts expect that Coinbase Global, Inc. will post 1.74 EPS for the current fiscal year.

Coinbase Global Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.