Legal & General Group Plc Grows Position in Coinbase Global, Inc. $COIN

Legal & General Group Plc boosted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,210,082 shares of the cryptocurrency exchange’s stock after acquiring an additional 16,298 shares during the quarter. Legal & General Group Plc’s holdings in Coinbase Global were worth $273,648,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. West Family Investments Inc. raised its position in Coinbase Global by 3.3% in the third quarter. West Family Investments Inc. now owns 1,029 shares of the cryptocurrency exchange’s stock worth $347,000 after acquiring an additional 33 shares in the last quarter. Waterfront Wealth Inc. raised its position in Coinbase Global by 4.8% in the third quarter. Waterfront Wealth Inc. now owns 760 shares of the cryptocurrency exchange’s stock worth $241,000 after acquiring an additional 35 shares in the last quarter. Howard Capital Management Inc. raised its position in Coinbase Global by 2.9% in the third quarter. Howard Capital Management Inc. now owns 1,284 shares of the cryptocurrency exchange’s stock worth $433,000 after acquiring an additional 36 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Coinbase Global by 1.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,913 shares of the cryptocurrency exchange’s stock worth $983,000 after acquiring an additional 37 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Coinbase Global by 32.2% in the third quarter. GW&K Investment Management LLC now owns 152 shares of the cryptocurrency exchange’s stock valued at $51,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 2.7%

COIN opened at $180.01 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm has a market cap of $47.43 billion, a P/E ratio of 67.67, a PEG ratio of 6.62 and a beta of 3.38. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64. The business’s fifty day simple moving average is $190.01 and its 200 day simple moving average is $214.09.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.49 billion. Coinbase Global had a net margin of 12.20% and a return on equity of 4.06%. The firm’s revenue was down 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. HC Wainwright dropped their price target on Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, May 8th. UBS Group set a $264.00 price target on Coinbase Global in a research report on Friday, February 13th. JPMorgan Chase & Co. raised their price target on Coinbase Global from $252.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Coinbase Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Mizuho raised their price target on Coinbase Global from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $252.20.

Insider Activity at Coinbase Global

In related news, CFO Alesia J. Haas sold 10,020 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $2,004,000.00. Following the sale, the chief financial officer owned 377,201 shares of the company’s stock, valued at $75,440,200. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,990 shares of company stock worth $6,013,920 over the last quarter. 16.66% of the stock is owned by company insiders.

Coinbase Global News Summary

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

• Positive Sentiment: Coinbase rolled out an upgraded Direct Deposit feature for U.S. customers, allowing paycheck funds to be automatically allocated between cash and crypto. That could support recurring inflows, boost user engagement, and make it easier for retail customers to keep buying crypto through Coinbase. Coinbase Automates Crypto Investing via Upgraded Direct Deposit
• Positive Sentiment: The company also expanded its Base network into AI payments with a new MCP gateway, strengthening its push into agentic commerce, stablecoin payments, and on-chain finance. Investors may see this as evidence Coinbase is building beyond trading fees into longer-term infrastructure opportunities. Coinbase pushes further into AI payments with new MCP for Base network
• Positive Sentiment: CEO Brian Armstrong’s comments about tokenization, 24/7 markets, stablecoins, and AI-powered finance reinforce Coinbase’s strategy to become a broader financial platform, which could support a higher valuation if execution improves. Coinbase CEO’s finance wishlist mirrors company’s product roadmap
• Neutral Sentiment: Coinbase remained a heavily watched and technically range-bound stock, with traders focusing on whether recent price levels hold. This suggests the move is being driven partly by chart patterns and market sentiment rather than a single major catalyst. Stock Of The Day: Is This The New Range For Coinbase?
• Negative Sentiment: At the same time, broader crypto sentiment weakened as Bitcoin demand fell to its lowest level since December and some commentary pointed to ETF outflows, softer institutional demand, and negative Coinbase premium signals. That can weigh on Coinbase because its trading activity and investor enthusiasm are closely tied to crypto prices. Bitcoin Demand Falls To Lowest Level Since December
• Negative Sentiment: There was also fresh regulatory overhang after reports that the SEC delayed tokenized stock and blockchain asset plans, which could slow Coinbase’s expansion into tokenization and related products. Coinbase CEO Flags Huge Finance Shift As SEC Delays Blockchain Plans

Coinbase Global Company 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.