Coinbase Global, Inc. $COIN Shares Purchased by StoneX Group Inc.

StoneX Group Inc. lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 1,255.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19,274 shares of the cryptocurrency exchange’s stock after purchasing an additional 17,852 shares during the period. StoneX Group Inc.’s holdings in Coinbase Global were worth $3,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Allen Investment Management LLC lifted its stake in Coinbase Global by 6.1% during the third quarter. Allen Investment Management LLC now owns 146,899 shares of the cryptocurrency exchange’s stock worth $27,383,000 after purchasing an additional 8,460 shares during the period. Parallel Advisors LLC increased its position in Coinbase Global by 31.2% in the third quarter. Parallel Advisors LLC now owns 17,983 shares of the cryptocurrency exchange’s stock worth $3,352,000 after purchasing an additional 4,274 shares during the period. CenterBook Partners LP bought a new stake in shares of Coinbase Global during the 3rd quarter valued at $344,000. Alta Advisers Ltd bought a new stake in Coinbase Global in the third quarter valued at about $309,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of Coinbase Global by 10.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 23,329 shares of the cryptocurrency exchange’s stock valued at $4,349,000 after acquiring an additional 2,149 shares during the period. 68.84% of the stock is owned by institutional investors.

Coinbase Global Stock Performance

COIN opened at $134.76 on Monday. The company has a fifty day moving average price of $175.35 and a two-hundred day moving average price of $176.27. The company has a market cap of $35.55 billion, a P/E ratio of -47.62 and a beta of 3.35. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.43. Coinbase Global, Inc. has a 1-year low of $131.55 and a 1-year high of $324.80.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase is expanding its services: eligible U.S. users can borrow USDC against tokenized gold, while Coinbase Prime now offers eligible institutions access to Deribit options and perpetual futures. These initiatives could broaden product use and revenue sources. Coinbase Enables Borrowing Against Gold via Morpho Coinbase Prime opens Deribit options and perps to eligible US institutions
• Positive Sentiment: Growing subscription revenue and cost discipline may make the business more resilient than trading fees alone would suggest, though the article also flags profitability and valuation risks. Is Coinbase Building a More Resilient and Profitable Business?
• Neutral Sentiment: Coinbase says more than 99% of customer crypto is held offline and described controls designed to limit hot-wallet exposure, after a major Binance hack raised concerns about exchange security. The reassurance may help maintain customer confidence, but the incident has also put sector-wide security risks in focus. Hackers beware: Coinbase says 99% of customer crypto is kept offline
• Negative Sentiment: Bitcoin’s drop below $76,000 in a broad market sell-off weighed on crypto-linked shares. Coinbase can move more sharply than the wider market because trading fees and earnings tend to track crypto prices and activity. Coinbase Sinks as Bitcoin Falls Below $76,000
• Negative Sentiment: Analysts also cite crypto volatility, weak underlying profits and a rich valuation as risks. Separately, Morgan Stanley’s negative reaction to the Binance breach added pressure despite Coinbase not being affected by that incident. Coinbase business resilience and risks Coinbase gets downgraded for a breach that happened elsewhere

Insider Activity

In other Coinbase Global news, Director Marc Andreessen sold 13,676 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $186.18, for a total value of $2,546,197.68. Following the transaction, the director directly owned 1,115,810 shares in the company, valued at $207,741,505.80. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Jones sold 2,062 shares of the 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 92,120 shares of company stock valued at $17,968,544 over the last ninety days. Company insiders own 16.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on COIN shares. HC Wainwright reiterated a “buy” rating and set a $240.00 target price on shares of Coinbase Global in a report on Friday, October 30th. Barclays decreased their price objective on shares of Coinbase Global from $149.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $212.00 target price on shares of Coinbase Global in a research note on Friday, October 30th. Needham & Company LLC dropped their price objective on shares of Coinbase Global from $205.00 to $197.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Finally, Morgan Stanley lowered Coinbase Global from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $258.00 to $120.00 in a report on Monday, November 2nd. Twenty-one 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $209.88.

Coinbase Global Profile

Coinbase Global operates a cryptocurrency platform serving individual consumers, businesses and institutional clients. Its services include buying, selling and holding digital assets, as well as trading tools and cryptocurrency custody services.

The company also offers products for developers and businesses building on blockchain networks, including Base, its Ethereum layer-2 network. Coinbase supports the USDC stablecoin through its partnership with Circle and provides services such as staking and payment infrastructure.

Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is headquartered in the United States and serves customers in the U.S.