Coinbase Global, Inc. $COIN Position Decreased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC decreased its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,661 shares of the cryptocurrency exchange’s stock after selling 3,840 shares during the period. Kestra Private Wealth Services LLC’s holdings in Coinbase Global were worth $5,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. West Family Investments Inc. boosted its position in shares of Coinbase Global by 3.3% during the 3rd quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock valued at $347,000 after purchasing an additional 33 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its position in shares of Coinbase Global by 3.4% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,040 shares of the cryptocurrency exchange’s stock valued at $351,000 after purchasing an additional 34 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Coinbase Global by 17.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 241 shares of the cryptocurrency exchange’s stock valued at $81,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Coinbase Global by 9.5% during the 3rd quarter. Versant Capital Management Inc now owns 403 shares of the cryptocurrency exchange’s stock valued at $136,000 after purchasing an additional 35 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its position in shares of Coinbase Global by 4.8% during the 3rd quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock valued at $241,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: CFTC sues Wisconsin to assert federal jurisdiction over prediction markets — this favors uniform federal oversight (the CFTC named platforms including Coinbase), which could limit restrictive state-level suits that create operational/legal uncertainty for Coinbase. CFTC pulls Wisconsin into fight over prediction markets
• Positive Sentiment: DOJ signals “code is not a crime” — Acting AG said developers won’t be pursued absent knowing facilitation of crime, easing enforcement risk around blockchain development and platforms. That reduces regulatory tail risk for exchanges like Coinbase. Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot
• Positive Sentiment: Coinbase expanding stablecoin payments globally — product expansion could grow transaction volume and fee revenue beyond trading. Coinbase is Going Global With Stablecoin Payments
• Positive Sentiment: Coverage on a potential U.S. “digital dollar” ban argues Coinbase and Circle could benefit if CBDC development is constrained — policy outcomes that favor private stablecoins would help Coinbase’s payments and custody services. A ‘digital dollar’ faces a ban. How Coinbase and Circle would benefit.
• Positive Sentiment: Industry push for clarity on crypto laws — Coinbase joined 120 firms asking for a CLARITY Act vote, which could reduce regulatory uncertainty for token listings and trading. XRP Price Prediction: 120 Firms Demand CLARITY Act Vote as Pepeto Presale Eyes 267x
• Neutral Sentiment: Coinbase Institutional’s Q2 outlook is neutral — institutional survey reads don’t point to a clear near-term pickup in crypto activity, so no immediate boost to trading revenue implied. Coinbase Sees Neutral Q2 Crypto Setup—Here’s What Latest Survey Signals For Bitcoin
• Neutral Sentiment: Riot disclosed a borrowing facility tied to Coinbase Credit — evidence Coinbase’s institutional/credit products are active, but counterparty and collateral dynamics leave impact uncertain. Riot Platforms falls 8.2% as investors digest Coinbase credit-facility update ahead of earnings
• Negative Sentiment: Coinbase-facing market demand weakness: Coinbase Premium turned negative as BTC selling rose — weaker US spot demand for Bitcoin typically reduces trading volumes and fee income for COIN. Bitcoin Coinbase Premium turns negative as BTC price drops, weekly losses top $829M
• Negative Sentiment: Analyst comparisons favor exchanges like Cboe on valuation and outlook — third?party pieces arguing Cboe is the better buy can weigh on investor sentiment toward COIN’s relative valuation. Coinbase vs. Cboe Global: Which Exchange Stock Is the Better Buy?

Insider Buying and Selling

In related news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer owned 402,165 shares in the company, valued at approximately $62,315,466.75. This represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 394,590 shares of company stock valued at $62,508,690 in the last 90 days. Corporate insiders own 16.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COIN. Citizens Jmp reduced their price objective on shares of Coinbase Global from $400.00 to $355.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Jefferies Financial Group raised their price objective on shares of Coinbase Global from $151.00 to $181.00 and gave the company a “hold” rating in a research report on Thursday, April 9th. Oppenheimer reduced their price objective on shares of Coinbase Global from $381.00 to $370.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. JPMorgan Chase & Co. reduced their price objective on shares of Coinbase Global from $399.00 to $290.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Finally, Canaccord Genuity Group reduced their price objective on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $262.07.

Coinbase Global Price Performance

COIN opened at $194.10 on Wednesday. The stock has a market cap of $51.26 billion, a price-to-earnings ratio of 44.21, a PEG ratio of 4.45 and a beta of 3.60. Coinbase Global, Inc. has a 1 year low of $139.36 and a 1 year high of $444.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $186.36 and a 200 day moving average price of $232.15.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings data on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a net margin of 17.55% and a return on equity of 8.68%. Coinbase Global’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.68 EPS. Analysts forecast that Coinbase Global, Inc. will post 2.77 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.