National Pension Service Buys 346,045 Shares of Coinbase Global, Inc. $COIN

National Pension Service lifted its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 117.1% during the second quarter, Holdings Channel.com reports. The firm owned 641,518 shares of the cryptocurrency exchange’s stock after buying an additional 346,045 shares during the period. National Pension Service’s holdings in Coinbase Global were worth $93,784,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Archer Investment Corp acquired a new stake in shares of Coinbase Global in the second quarter valued at approximately $26,000. MV Capital Management Inc. acquired a new position in Coinbase Global during the 4th quarter worth $27,000. Palisade Asset Management LLC acquired a new position in Coinbase Global during the 3rd quarter worth $29,000. Osbon Capital Management LLC bought a new position in Coinbase Global in the 4th quarter valued at $30,000. Finally, Glen Eagle Advisors LLC boosted its position in Coinbase Global by 101.1% in the 1st quarter. Glen Eagle Advisors LLC now owns 175 shares of the cryptocurrency exchange’s stock valued at $31,000 after buying an additional 88 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COIN has been the subject of a number of recent research reports. Compass Point restated a “sell” rating on shares of Coinbase Global in a research report on Monday, June 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $330.00 price target on shares of Coinbase Global in a report on Friday, July 31st. Barclays lowered their price objective on Coinbase Global from $99.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, July 31st. Robert W. Baird set a $130.00 price objective on Coinbase Global in a report on Friday, July 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a research report on Tuesday, July 28th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coinbase Global presently has a consensus rating of “Hold” and a consensus target price of $218.74.

More Coinbase Global News

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

• Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The initiative could expand Coinbase’s institutional reach and create additional transaction and custody revenue opportunities. Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
• Positive Sentiment: CEO Brian Armstrong said stablecoin payment flows could become a major growth driver, projecting significant expansion in the stablecoin market by 2030. He also argued that Bitcoin’s current cycle may have bottomed and reiterated that a $400,000 Bitcoin price by 2030 is a reasonable long-term target. These comments support the company’s growth narrative, although they are forecasts rather than new financial results. Coinbase CEO Confident Stablecoin Payments Will Fuel Growth
• Positive Sentiment: Management continues to broaden Coinbase beyond spot crypto trading through its “Everything Exchange” strategy, tokenized assets, prediction-market infrastructure for Kalshi and expanded USDC yield products in Brazil. Greater product diversification could reduce reliance on transaction revenue over time.
• Neutral Sentiment: Morgan Stanley initiated coverage with an Equal Weight rating and a $250 price target, reflecting substantial potential upside from recent levels but caution that Coinbase remains closely tied to the volatile crypto cycle. Morgan Stanley rates Coinbase as Hold equivalent, with price target set at $250
• Neutral Sentiment: Armstrong said U.S. crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s September 15 vote on the CLARITY Act fails. The prospect of eventual clarity is favorable, but the vote remains a near-term uncertainty for investors.
• Negative Sentiment: Director Marc Andreessen sold 13,676 shares worth approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 1.19% and may weigh modestly on sentiment, despite being scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Bitcoin’s recent decline and broader crypto-market weakness are immediate headwinds for Coinbase’s trading activity, revenue and earnings outlook. The company’s latest reported quarter also showed an earnings and revenue miss, underscoring ongoing operating sensitivity to market conditions.

Coinbase Global Stock Performance

Shares of Coinbase Global stock opened at $172.28 on Friday. The firm has a fifty day moving average of $165.24 and a two-hundred day moving average of $175.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $45.45 billion, a price-to-earnings ratio of -44.86 and a beta of 3.39. Coinbase Global, Inc. has a 52 week low of $139.11 and a 52 week high of $402.16.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings results on Thursday, July 30th. The cryptocurrency exchange reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.92). Coinbase Global had a positive return on equity of 3.12% and a negative net margin of 15.72%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $5.14 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, equities research analysts predict that Coinbase Global, Inc. will post -0.39 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In other news, CAO Jennifer N. Jones sold 2,062 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $188.75, for a total value of $389,202.50. The sale was disclosed in a legal 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, Director Frederick R. Wilson sold 35,068 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $144.32, for a total transaction of $5,061,013.76. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 70,806 shares of company stock valued at $11,307,687. 16.66% of the stock is currently owned by company insiders.

About Coinbase Global

Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.

Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.