Fulton Bank N.A. Sells 451 Shares of Coinbase Global, Inc. (NASDAQ:COIN)

Fulton Bank N.A. lessened its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,074 shares of the cryptocurrency exchange’s stock after selling 451 shares during the period. Fulton Bank N.A.’s holdings in Coinbase Global were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arkadios Wealth Advisors grew its position in Coinbase Global by 2.6% in the fourth quarter. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock valued at $590,000 after acquiring an additional 86 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Coinbase Global by 3.4% during the third quarter. Stratos Wealth Partners LTD. now owns 3,759 shares of the cryptocurrency exchange’s stock worth $282,000 after purchasing an additional 125 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Coinbase Global by 10.0% during the third quarter. Itau Unibanco Holding S.A. now owns 1,374 shares of the cryptocurrency exchange’s stock worth $103,000 after purchasing an additional 125 shares during the last quarter. Windle Wealth LLC grew its holdings in shares of Coinbase Global by 2.5% during the third quarter. Windle Wealth LLC now owns 5,236 shares of the cryptocurrency exchange’s stock worth $393,000 after purchasing an additional 126 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Coinbase Global by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,030 shares of the cryptocurrency exchange’s stock worth $378,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Price Performance

Shares of COIN opened at $240.90 on Friday. Coinbase Global, Inc. has a 52-week low of $46.43 and a 52-week high of $283.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $203.47 and its two-hundred day moving average price is $144.89. The firm has a market cap of $58.36 billion, a PE ratio of 892.22 and a beta of 3.41.

Coinbase Global (NASDAQ:COIN) last issued its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $1.13. Coinbase Global had a return on equity of 3.54% and a net margin of 3.05%. The firm had revenue of $953.80 million for the quarter, compared to analyst estimates of $826.10 million. During the same period in the previous year, the firm earned ($2.46) earnings per share. The company’s revenue was up 51.6% compared to the same quarter last year. On average, equities analysts anticipate that Coinbase Global, Inc. will post 2.08 EPS for the current year.

Insider Buying and Selling at Coinbase Global

In other news, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $146.14, for a total transaction of $3,372,180.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Frederick Ernest Ehrsam III sold 97,836 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $134.24, for a total transaction of $13,133,504.64. Following the transaction, the director now directly owns 299,580 shares of the company’s stock, valued at $40,215,619.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Armstrong sold 23,075 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $146.14, for a total value of $3,372,180.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 742,995 shares of company stock valued at $116,023,946. 33.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on COIN shares. JMP Securities restated a “market outperform” rating on shares of Coinbase Global in a report on Friday, March 22nd. Needham & Company LLC boosted their price target on Coinbase Global from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Canaccord Genuity Group restated a “buy” rating and set a $240.00 price target on shares of Coinbase Global in a report on Thursday, March 28th. Raymond James upgraded Coinbase Global from an “underperform” rating to a “market perform” rating in a report on Tuesday, March 12th. Finally, HC Wainwright boosted their price target on Coinbase Global from $115.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and an average price target of $148.60.

Coinbase Global Profile

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.