Dimensional Fund Advisors LP Has $74.42 Million Stock Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Dimensional Fund Advisors LP lifted its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 16.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 427,461 shares of the cryptocurrency exchange’s stock after purchasing an additional 58,878 shares during the quarter. Dimensional Fund Advisors LP owned 0.18% of Coinbase Global worth $74,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COIN. QRG Capital Management Inc. raised its holdings in shares of Coinbase Global by 9.5% during the fourth quarter. QRG Capital Management Inc. now owns 7,813 shares of the cryptocurrency exchange’s stock valued at $1,359,000 after acquiring an additional 680 shares during the period. Jump Financial LLC purchased a new stake in shares of Coinbase Global in the fourth quarter valued at $220,000. Dana Investment Advisors Inc. acquired a new stake in shares of Coinbase Global in the fourth quarter worth $428,000. Hamilton Lane Advisors LLC purchased a new position in shares of Coinbase Global during the fourth quarter valued at $88,015,000. Finally, Donoghue Forlines LLC acquired a new position in Coinbase Global during the fourth quarter valued at $1,859,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COIN shares. JMP Securities reaffirmed a “market outperform” rating and set a $320.00 target price on shares of Coinbase Global in a research note on Friday, May 3rd. Piper Sandler increased their target price on shares of Coinbase Global from $225.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Mizuho boosted their price target on shares of Coinbase Global from $84.00 to $145.00 and gave the company an “underperform” rating in a report on Friday, April 12th. Sanford C. Bernstein increased their price objective on Coinbase Global from $80.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. boosted their target price on Coinbase Global from $95.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average target price of $214.67.

Insider Transactions at Coinbase Global

In related news, insider Paul Grewal sold 42,113 shares of Coinbase Global stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $190.34, for a total transaction of $8,015,788.42. Following the sale, the insider now directly owns 66,122 shares of the company’s stock, valued at $12,585,661.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Coinbase Global news, insider Paul Grewal sold 42,113 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $190.34, for a total value of $8,015,788.42. Following the completion of the sale, the insider now owns 66,122 shares in the company, valued at approximately $12,585,661.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 64,000 shares of Coinbase Global stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $228.45, for a total value of $14,620,800.00. Following the sale, the chief financial officer now directly owns 219,490 shares in the company, valued at approximately $50,142,490.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 487,019 shares of company stock worth $108,548,420. 33.16% of the stock is currently owned by company insiders.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $237.65 on Friday. Coinbase Global, Inc. has a 12 month low of $46.43 and a 12 month high of $283.48. The company has a market cap of $58.36 billion, a P/E ratio of 47.44 and a beta of 3.46. The business’s 50 day moving average is $232.51 and its two-hundred day moving average is $180.13. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.52.

Coinbase Global (NASDAQ:COIN) last announced its earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion. On average, equities analysts expect that Coinbase Global, Inc. will post 5.01 EPS for the current year.

Coinbase Global Company 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.