57,232 Shares in Coinbase Global, Inc. $COIN Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 57,232 shares of the cryptocurrency exchange’s stock, valued at approximately $10,669,000.

Several other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in Coinbase Global during the second quarter worth $142,995,000. Southpoint Capital Advisors LP acquired a new position in Coinbase Global in the first quarter valued at $104,766,000. National Pension Service boosted its position in Coinbase Global by 117.1% during the second quarter. National Pension Service now owns 641,518 shares of the cryptocurrency exchange’s stock valued at $93,784,000 after acquiring an additional 346,045 shares during the last quarter. Partners Wealth Management LLC bought a new stake in Coinbase Global during the third quarter valued at $42,554,000. Finally, Assenagon Asset Management S.A. grew its holdings in Coinbase Global by 103.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 314,338 shares of the cryptocurrency exchange’s stock worth $58,889,000 after acquiring an additional 159,636 shares during the period. 68.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COIN shares. Keefe, Bruyette & Woods lowered their price objective on Coinbase Global from $237.00 to $221.00 and set an “outperform” rating for the company in a research report on Tuesday. Compass Point restated a “neutral” rating and set a $187.00 target price on shares of Coinbase Global in a research report on Friday, October 9th. Raymond James Financial initiated coverage on Coinbase Global in a research note on Wednesday, July 22nd. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their target price on Coinbase Global from $148.00 to $189.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Finally, UBS Group set a $155.00 target price on Coinbase Global in a report on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.97.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase said more than 99% of customer crypto is held in offline cold storage, with distributed signing keys and emergency shutdown controls. The company said the recent Binance hack did not affect its systems or customer funds, a message that may reassure customers and investors about Coinbase’s custody protections. Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
• Positive Sentiment: New Jersey withdrew its cease-and-desist order against Coinbase’s staking program, allowing residents to resume earning staking rewards. This removes one state-level obstacle, though disputes or restrictions remain in four other states. Coinbase Wins New Jersey Staking Fight, but Four States Still Stand in the Way
• Neutral Sentiment: A federal appeals court declined to pause New York and Connecticut actions involving Coinbase’s prediction-market business. The ruling leaves Coinbase’s federal preemption argument unresolved, so the ultimate regulatory outcome remains uncertain. Second Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase
• Negative Sentiment: Morgan Stanley downgraded Coinbase to Underweight and cut its price target from $258 to $120, citing weaker confidence in an earnings recovery, a softer revenue outlook and crypto-market uncertainty. The downgrade adds pressure even as the shares rise. Coinbase gets downgraded for a breach that happened elsewhere

Coinbase Global Stock Up 4.2%

COIN stock opened at $151.50 on Thursday. The stock’s 50 day simple moving average is $177.37 and its 200 day simple moving average is $177.25. Coinbase Global, Inc. has a fifty-two week low of $135.46 and a fifty-two week high of $324.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market cap of $39.97 billion, a P/E ratio of -53.53 and a beta of 3.35.

Insider Transactions at Coinbase Global

In other news, Director Marc L. Andreessen sold 6,838 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $198.00, for a total transaction of $1,353,924.00. Following the transaction, the director directly owned 1,108,972 shares of the company’s stock, valued at $219,576,456. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 39,030 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $205.24, for a total value of $8,010,517.20. Following the completion of the transaction, the chief financial officer owned 345,376 shares in the company, valued at approximately $70,884,970.24. This represents a 10.15% decrease in their ownership of the stock. 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 ninety days, insiders sold 92,120 shares of company stock worth $17,968,544. 16.66% of the stock is currently owned by insiders.

About Coinbase Global

Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.

The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.