Sei Investments Co. Raises Holdings in Coinbase Global, Inc. $COIN

Posted by Stanley Muller on Aug 2nd, 2026

Sei Investments Co. lifted its position in Coinbase Global, Inc. (NASDAQ:COIN) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,516 shares of the cryptocurrency exchange’s stock after acquiring an additional 5,479 shares during the quarter. Sei Investments Co.’s holdings in Coinbase Global were worth $9,515,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new stake in shares of Coinbase Global during the 3rd quarter worth $29,000. MV Capital Management Inc. purchased a new position in Coinbase Global in the fourth quarter valued at about $27,000. Osbon Capital Management LLC purchased a new position in Coinbase Global in the fourth quarter valued at about $30,000. JPL Wealth Management LLC bought a new position in Coinbase Global in the third quarter worth about $49,000. Finally, Brooklands Fund Management Ltd bought a new position in Coinbase Global in the fourth quarter worth about $34,000. 68.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Paul Grewal sold 1,960 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $176.88, for a total value of $346,684.80. Following the completion of the sale, the insider directly owned 84,753 shares in the company, valued at $14,991,110.64. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 company’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. In the last quarter, insiders have sold 30,627 shares of company stock valued at $5,327,841. 16.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

COIN has been the subject of a number of analyst reports. Citigroup reissued a “market outperform” rating on shares of Coinbase Global in a research report on Friday. Oppenheimer reduced their price target on Coinbase Global from $209.00 to $193.00 and set an “outperform” rating on the stock in a research report on Friday. Needham & Company LLC reduced their price target on Coinbase Global from $220.00 to $177.00 and set a “buy” rating on the stock in a research report on Friday. President Capital increased their price objective on Coinbase Global from $236.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Monness Crespi & Hardt reissued a “sell” rating on shares of Coinbase Global in a research report on Friday, June 5th. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Coinbase Global presently has an average rating of “Hold” and an average price target of $221.31.

Check Out Our Latest Analysis on Coinbase Global

Key Headlines Impacting Coinbase Global

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

Positive Sentiment: Coinbase captured a record 10.3% of global crypto trading volume, up from 9.1% in the first quarter, indicating that it is gaining share even as the overall market contracts. Coinbase Hits Record Market Share Despite Loss
Positive Sentiment: Management highlighted growth in derivatives, stablecoins, prediction markets, Base and agent-driven finance as it seeks to become an “everything exchange” less dependent on spot crypto trading. Some analysts believe this diversification could improve resilience during crypto downturns. Coinbase Earnings Call Highlights
Positive Sentiment: A federal judge dismissed much of a customer lawsuit alleging Coinbase illegally sold unregistered securities, reducing a significant legal overhang, although related litigation risk remains. Coinbase Wins Dismissal in Token Lawsuit
Neutral Sentiment: Several analysts maintained Buy or Outperform ratings and cited long-term upside, but lowered targets after the earnings report. Needham reduced its target to $177, while Oppenheimer cut its target to $193; Canaccord reaffirmed a $300 target.
Negative Sentiment: Second-quarter revenue fell about 19% year over year to $1.22 billion, below estimates near $1.3 billion. Transaction revenue declined 21% to $599 million as lower spot-market volumes and subdued volatility hurt trading activity. Coinbase Reports Third Straight Quarterly Loss
Negative Sentiment: Coinbase posted a GAAP net loss of approximately $359 million, or $1.36 per share, far worse than expectations, marking its third consecutive quarterly loss. Subscription and services growth was not sufficient to offset the trading slump. Coinbase Q2 Results Miss Estimates
Negative Sentiment: Falling Bitcoin prices and reduced crypto ETF inflows are pressuring the entire crypto-linked equity group. Analysts also cut earnings forecasts, with some projecting a full-year loss, reinforcing concerns that Coinbase remains highly exposed to the crypto cycle.

Coinbase Global Stock Performance

NASDAQ COIN opened at $146.26 on Friday. The stock has a market capitalization of $38.53 billion, a price-to-earnings ratio of -38.09, a PEG ratio of 10.62 and a beta of 3.35. The stock has a 50-day moving average of $163.23 and a 200 day moving average of $181.72. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a twelve month low of $139.11 and a twelve month high of $402.16.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. Coinbase Global had a positive return on equity of 3.04% and a negative net margin of 15.72%.The business’s revenue was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.14 earnings per share. Sell-side analysts anticipate that Coinbase Global, Inc. will post 1.25 EPS for the current fiscal 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.