Allworth Financial LP grew its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 210.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,666 shares of the cryptocurrency exchange’s stock after purchasing an additional 7,905 shares during the quarter. Allworth Financial LP’s holdings in Coinbase Global were worth $1,705,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. L2 Asset Management LLC boosted its holdings in Coinbase Global by 5.0% in the third quarter. L2 Asset Management LLC now owns 965 shares of the cryptocurrency exchange’s stock worth $326,000 after purchasing an additional 46 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Coinbase Global by 4.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,174 shares of the cryptocurrency exchange’s stock worth $396,000 after acquiring an additional 51 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Coinbase Global by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 4,942 shares of the cryptocurrency exchange’s stock worth $863,000 after acquiring an additional 53 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Coinbase Global by 2.1% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 3,174 shares of the cryptocurrency exchange’s stock valued at $1,071,000 after acquiring an additional 65 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Coinbase Global by 2.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 3,381 shares of the cryptocurrency exchange’s stock valued at $494,000 after acquiring an additional 69 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: Bitcoin rallied and broader risk appetite improved, providing a direct tailwind for Coinbase because trading activity, transaction revenue and investor sentiment are closely tied to crypto prices. Coinbase’s recent market-share gains and growing derivatives, stablecoin and prediction-market businesses may be reinforcing the move. Coinbase gains as bitcoin rallies and broader risk appetite improves
- Positive Sentiment: Coinbase partnered with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 U.S. community banks and credit unions. The deal could expand Coinbase’s institutional distribution and create future transaction, custody and payments revenue. Coinbase partners with Moov to boost community bank stablecoin capabilities
- Positive Sentiment: CEO Brian Armstrong said stablecoin payments could become a major growth engine and reiterated that Bitcoin could reach $400,000 by 2030. These comments support Coinbase’s long-term growth narrative, although they are projections rather than new financial results. Coinbase CEO confident stablecoin payments will fuel growth
- Positive Sentiment: Zacks upgraded Coinbase from “strong sell” to “hold,” modestly improving the recent ratings backdrop.
- Neutral Sentiment: Management said crypto regulation could advance through SEC and CFTC rulemaking even if the Senate’s CLARITY Act stalls. This reduces the risk of an outright legislative setback, but the upcoming vote remains a source of uncertainty. Coinbase and Grayscale say crypto rules will advance with or without CLARITY
- Neutral Sentiment: Morgan Stanley initiated coverage at Equal Weight with a $250 price target, recognizing Coinbase’s broader “Everything Exchange” strategy while warning that earnings remain highly exposed to crypto-market volatility. Morgan Stanley rates Coinbase as Hold equivalent
- Negative Sentiment: Director Marc Andreessen sold approximately $2.5 million of COIN under a pre-arranged Rule 10b5-1 plan. The transaction was relatively small compared with his remaining stake but may weigh modestly on sentiment. SEC insider transaction filing
- Negative Sentiment: Coinbase’s latest quarter showed an EPS and revenue miss, with revenue declining year over year, highlighting the company’s continuing sensitivity to crypto-cycle weakness and trading volumes.
- Negative Sentiment: Reports that White House adviser Kevin Hassett held up to $5 million in Coinbase shares while involved in crypto-policy discussions could renew conflict-of-interest and regulatory scrutiny concerns. Hassett kept Coinbase stake as crypto policy changed
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Coinbase Global
Insiders Place Their Bets
In other Coinbase Global news, Director Frederick Wilson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $178.93, for a total value of $1,789,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer Jones sold 2,062 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $188.75, for a total transaction of $389,202.50. 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 70,806 shares of company stock worth $11,307,687 in the last ninety days. Insiders own 16.66% of the company’s stock.
Coinbase Global Stock Performance
Shares of NASDAQ COIN opened at $175.26 on Friday. Coinbase Global, Inc. has a 12 month low of $139.11 and a 12 month high of $402.16. The company has a market cap of $46.24 billion, a P/E ratio of -45.64 and a beta of 3.39. The business’s 50 day moving average is $165.43 and its two-hundred day moving average is $175.91. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.45.
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 the consensus estimate 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted $5.14 earnings per share. The firm’s revenue was down 18.5% compared to the same quarter last year. On average, equities analysts expect that Coinbase Global, Inc. will post -0.39 EPS for the current year.
About Coinbase Global
Coinbase Global, Inc operates a digital asset and cryptocurrency platform serving retail users, institutions, developers and ecosystem partners. Through its exchange, customers can buy, sell, convert, store and transfer a range of cryptocurrencies and other digital assets. The company also provides an advanced trading platform for more experienced users and services designed for institutional trading and market access.
Its product offerings include custodial services, institutional prime brokerage and custody, staking services, a self-custody wallet, and tools that enable developers and businesses to build applications using blockchain networks.
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