Sequoia Financial Advisors LLC Grows Stock Holdings in Coinbase Global, Inc. $COIN

Sequoia Financial Advisors LLC raised its position in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 185.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,507 shares of the cryptocurrency exchange’s stock after buying an additional 16,572 shares during the period. Sequoia Financial Advisors LLC’s holdings in Coinbase Global were worth $3,729,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of COIN. North Dakota State Investment Board purchased a new stake in Coinbase Global during the fourth quarter worth about $1,626,000. Mizuho Markets Cayman LP purchased a new position in shares of Coinbase Global in the fourth quarter valued at approximately $33,921,000. Harvest Portfolios Group Inc. boosted its stake in shares of Coinbase Global by 21.7% in the fourth quarter. Harvest Portfolios Group Inc. now owns 376,578 shares of the cryptocurrency exchange’s stock valued at $85,159,000 after purchasing an additional 67,082 shares during the period. Readystate Asset Management LP acquired a new position in shares of Coinbase Global in the second quarter valued at approximately $2,587,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Coinbase Global by 366.7% in the second quarter. Assenagon Asset Management S.A. now owns 154,702 shares of the cryptocurrency exchange’s stock valued at $22,616,000 after purchasing an additional 121,552 shares in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

Coinbase Global Stock Performance

Shares of COIN stock opened at $175.26 on Friday. The company has a market cap of $46.24 billion, a P/E ratio of -45.64 and a beta of 3.39. The firm has a fifty day moving average price of $165.43 and a 200 day moving average price of $175.91. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.45. Coinbase Global, Inc. has a 12 month low of $139.11 and a 12 month 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 for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.92). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.14 earnings per share. Sell-side analysts predict that Coinbase Global, Inc. will post -0.24 earnings per share for the current fiscal year.

Key Headlines Impacting Coinbase Global

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

• Positive Sentiment: Bitcoin rallied and broader risk appetite improved, providing a direct tailwind for Coinbase because trading activity, transaction revenue and investor sentiment are closely tied to crypto prices. Coinbase’s recent market-share gains and growing derivatives, stablecoin and prediction-market businesses may be reinforcing the move. Coinbase gains as bitcoin rallies and broader risk appetite improves
• 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 deal could expand Coinbase’s institutional distribution and create future transaction, custody and payments revenue. Coinbase partners with Moov to boost community bank stablecoin capabilities
• Positive Sentiment: CEO Brian Armstrong said stablecoin payments could become a major growth engine and reiterated that Bitcoin could reach $400,000 by 2030. These comments support Coinbase’s long-term growth narrative, although they are projections rather than new financial results. Coinbase CEO confident stablecoin payments will fuel growth
• Positive Sentiment: Zacks upgraded Coinbase from “strong sell” to “hold,” modestly improving the recent ratings backdrop.
• Neutral Sentiment: Management said crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s CLARITY Act stalls. This reduces the risk of an outright legislative setback, but the upcoming vote remains a source of uncertainty. Coinbase and Grayscale say crypto rules will advance with or without CLARITY
• Neutral Sentiment: Morgan Stanley initiated coverage at Equal Weight with a $250 price target, recognizing Coinbase’s broader “Everything Exchange” strategy while warning that earnings remain highly exposed to crypto-market volatility. Morgan Stanley rates Coinbase as Hold equivalent
• Negative Sentiment: Director Marc Andreessen sold approximately $2.5 million of COIN under a pre-arranged Rule 10b5-1 plan. The transaction was relatively small compared with his remaining stake but may weigh modestly on sentiment. SEC insider transaction filing
• Negative Sentiment: Coinbase’s latest quarter showed an EPS and revenue miss, with revenue declining year over year, highlighting the company’s continuing sensitivity to crypto-cycle weakness and trading volumes.
• Negative Sentiment: Reports that White House adviser Kevin Hassett held up to $5 million in Coinbase shares while involved in crypto-policy discussions could renew conflict-of-interest and regulatory scrutiny concerns. Hassett kept Coinbase stake as crypto policy changed

Analyst Ratings Changes

COIN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $208.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Barclays reduced their price objective on Coinbase Global from $99.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. B. Riley Financial decreased their target price on Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a report on Monday, June 1st. BTIG Research lowered their target price on Coinbase Global from $260.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings cut Coinbase Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Eighteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $218.74.

Insider Activity

In other news, Director Frederick Wilson sold 35,068 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $144.32, for a total transaction of $5,061,013.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Andreessen sold 13,676 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $181.14, for a total value of $2,477,270.64. Following the sale, the director owned 1,136,324 shares of the company’s stock, valued at approximately $205,833,729.36. The trade was a 1.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 70,806 shares of company stock worth $11,307,687. 16.66% of the stock is currently owned by insiders.

Coinbase Global Profile

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.