NFJ Investment Group LLC Makes New $29.22 Million Investment in Coinbase Global, Inc. $COIN

Posted by Geri Gentry on Jun 14th, 2026

NFJ Investment Group LLC purchased a new position in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 129,222 shares of the cryptocurrency exchange’s stock, valued at approximately $29,222,000. Coinbase Global comprises about 1.1% of NFJ Investment Group LLC’s portfolio, making the stock its 27th biggest position.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Coinbase Global by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after acquiring an additional 184,043 shares during the last quarter. Geode Capital Management LLC boosted its position in Coinbase Global by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after acquiring an additional 189,080 shares during the last quarter. Norges Bank acquired a new position in Coinbase Global during the 4th quarter worth approximately $656,744,000. ARK Investment Management LLC boosted its position in Coinbase Global by 6.1% during the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after acquiring an additional 146,388 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Coinbase Global by 5.9% during the 3rd quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock worth $661,437,000 after acquiring an additional 108,751 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

More Coinbase Global News

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

Positive Sentiment: Coinbase launched Coinbase for Agents, a new AI tool that lets models like ChatGPT and Claude trade crypto, make payments, and execute strategies on users’ behalf. Investors may view this as a potential new revenue driver and a way for Coinbase to become a key platform for autonomous finance. Cointelegraph article
Positive Sentiment: Coinbase also rolled out an AI-powered trading platform for autonomous agents, reinforcing the company’s push into agentic commerce and potentially broadening user engagement. Blockonomi article
Positive Sentiment: Mastercard selected Coinbase as part of an AI agent payments initiative, which could help validate Coinbase’s infrastructure and expand its role in emerging machine-to-machine payment rails. Yahoo Finance article
Positive Sentiment: Coinbase and MassPay announced a stablecoin-powered payout partnership spanning 180 countries, pointing to growing enterprise use of USDC and broader adoption of Coinbase-linked payment infrastructure. Cointelegraph article
Positive Sentiment: Circle moved a record $4.4 billion in USDC to a Coinbase-linked wallet, underscoring Coinbase’s central role in stablecoin settlement and treasury flows on-chain. Blockonomi article
Neutral Sentiment: Coinbase’s Quantum Advisory Council warned that Bitcoin may face future quantum-related risks, but this is more of a long-term industry issue than a direct near-term catalyst for COIN. NewsBTC article
Neutral Sentiment: Bernstein suggested the 2026 World Cup could boost prediction markets and potentially benefit Coinbase through new user activity, but this is still speculative and depends on broader market adoption. Cointelegraph article

Insider Buying and Selling

In other news, insider Lawrence J. Brock sold 6,616 shares of Coinbase Global stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $189.01, for a total value of $1,250,490.16. Following the completion of the transaction, the insider owned 517 shares of the company’s stock, valued at $97,718.17. This trade represents a 92.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $158.15, for a total value of $324,365.65. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 40,597 shares of company stock worth $7,746,861. Corporate insiders own 16.66% of the company’s stock.

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of recent research reports. Benchmark reduced their price target on Coinbase Global from $267.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Oppenheimer reduced their price target on Coinbase Global from $227.00 to $224.00 in a research report on Friday, May 8th. Piper Sandler reduced their price target on Coinbase Global from $180.00 to $170.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Cantor Fitzgerald increased their price objective on Coinbase Global from $221.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised Coinbase Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Eighteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Coinbase Global has an average rating of “Hold” and an average price target of $250.23.

Get Our Latest Research Report on COIN

Coinbase Global Stock Performance

Shares of COIN opened at $159.78 on Friday. The firm has a 50-day moving average of $185.04 and a 200-day moving average of $204.30. Coinbase Global, Inc. has a one year low of $139.36 and a one year high of $444.64. The company has a market cap of $42.10 billion, a PE ratio of 60.07, a price-to-earnings-growth ratio of 5.08 and a beta of 3.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.14 and a quick ratio of 2.14.

Coinbase Global (NASDAQ:COIN – Get Free Report) last announced 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). Coinbase Global had a net margin of 12.20% and a return on equity of 4.16%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business earned $0.24 EPS. The business’s revenue was down 30.5% on a year-over-year basis. As a group, equities analysts forecast that Coinbase Global, Inc. will post 1.93 earnings per share for the current year.

Coinbase Global Profile

(Free Report)

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.