Partners Wealth Management LLC Purchases New Holdings in Coinbase Global, Inc. $COIN

Partners Wealth Management LLC purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) during the third quarter, Holdings Channel reports. The firm purchased 228,280 shares of the cryptocurrency exchange’s stock, valued at approximately $42,554,000. Coinbase Global makes up approximately 4.4% of Partners Wealth Management LLC’s holdings, making the stock its 2nd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC bought a new position in shares of Coinbase Global in the third quarter worth $264,000. Choreo LLC lifted its holdings in shares of Coinbase Global by 4.9% during the 3rd quarter. Choreo LLC now owns 5,778 shares of the cryptocurrency exchange’s stock worth $1,077,000 after acquiring an additional 269 shares during the period. Interchange Capital Partners LLC lifted its stake in Coinbase Global by 404.3% during the third quarter. Interchange Capital Partners LLC now owns 7,696 shares of the cryptocurrency exchange’s stock worth $1,435,000 after purchasing an additional 6,170 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Coinbase Global by 6.1% in the third quarter. D.A. Davidson & CO. now owns 30,710 shares of the cryptocurrency exchange’s stock valued at $5,725,000 after buying an additional 1,753 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Coinbase Global by 204.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 460 shares of the cryptocurrency exchange’s stock valued at $86,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 1.1%

Shares of NASDAQ:COIN opened at $160.59 on Friday. The company has a market cap of $42.37 billion, a price-to-earnings ratio of -41.82 and a beta of 3.41. Coinbase Global, Inc. has a one year low of $139.11 and a one year high of $361.40. The firm has a fifty day moving average price of $180.32 and a two-hundred day moving average price of $179.32. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.42 and a quick ratio of 2.42.

Coinbase Global (NASDAQ:COIN) last announced its 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). Coinbase Global had a negative net margin of 15.72% and a positive return on equity of 3.12%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $5.14 earnings per share. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. Analysts anticipate that Coinbase Global, Inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other Coinbase Global news, Director Frederick R. Wilson sold 35,068 shares of Coinbase Global stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $144.32, for a total value of $5,061,013.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 39,030 shares of Coinbase Global stock in a transaction that occurred 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 directly owned 345,376 shares in the company, valued at $70,884,970.24. This trade 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. Insiders have sold 127,188 shares of company stock valued at $23,029,558 over the last ninety days. Insiders own 16.66% of the company’s stock.

Key Stories Impacting Coinbase Global

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

• Positive Sentiment: Coinbase reported third-quarter net income of approximately $719 million, reversing a three-quarter loss streak. Revenue of $1.22 billion and adjusted EPS of roughly $0.27–$0.28 exceeded consensus expectations, while operating expenses fell 13% sequentially. Coinbase snaps losing streak with third-quarter profit on crypto trading rebound
• Positive Sentiment: Subscription and services revenue increased 3% sequentially to $570.2 million, representing 49% of revenue. Coinbase One subscribers reached a record, and prediction-market revenue surpassed a $200 million annualized rate, supporting the company’s diversification beyond spot crypto trading. Coinbase Q3 Highlights
• Positive Sentiment: Coinbase expanded its stablecoin ecosystem by listing Ripple’s RLUSD across its retail, exchange and institutional platforms. Growing USDC balances, stablecoin payments and partnerships could create more recurring revenue and reduce reliance on trading fees. Ripple Brings Its Stablecoin to Coinbase’s Trading Platforms
• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating and assigned a $200 price target, implying substantial upside from recent trading levels. Coinbase also applied for a Brazilian crypto-service-provider license, helping protect its existing operations in an important market. Rosenblatt Securities rating
• Neutral Sentiment: Management projects fourth-quarter subscription and services revenue of $550 million to $630 million. The range suggests continued diversification, but also indicates possible sequential softness at the midpoint. Coinbase Q4 subscription revenue guidance
• Negative Sentiment: Reported profit was largely driven by a roughly $715 million gain on Coinbase’s crypto investments; adjusted net income was only about $78 million. Revenue fell 35% year over year to $1.22 billion, and transaction revenue declined slightly despite market-share gains, highlighting continued sensitivity to crypto prices and volumes. Coinbase Profit Is Mostly Crypto Gains
• Negative Sentiment: Insider selling remains a significant overhang: reported open-market activity showed 71 insider sales and no purchases over the past six months, while senior executives are reportedly planning substantial share sales. Coinbase Posts $719 Million Q3 Net Income
• Negative Sentiment: Customer contact data was exposed through analytics vendor Amplitude, although Coinbase said its systems and customer funds were not compromised. European stablecoin restrictions, a €3.25 million Irish regulatory fine and ongoing compliance costs add further risk. Coinbase denies systems breach

Wall Street Analyst Weigh In

COIN has been the topic of a number of recent research reports. Raymond James Financial initiated coverage on Coinbase Global in a research note on Wednesday, July 22nd. They set a “market perform” rating on the stock. Weiss Ratings upgraded Coinbase Global from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. William Blair reiterated an “outperform” rating on shares of Coinbase Global in a report on Tuesday, September 22nd. Robert W. Baird lifted their price target on shares of Coinbase Global from $130.00 to $205.00 and gave the company a “neutral” rating in a research report on Monday, September 28th. Finally, Mizuho set a $155.00 price objective on Coinbase Global in a report on Friday, July 31st. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and a consensus price target of $220.91.

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.