Coinbase Global, Inc. (NASDAQ:COIN) is Sloy Dahl & Holst LLC’s 6th Largest Position

Sloy Dahl & Holst LLC raised its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,493 shares of the cryptocurrency exchange’s stock after buying an additional 2,187 shares during the period. Coinbase Global makes up approximately 1.9% of Sloy Dahl & Holst LLC’s portfolio, making the stock its 6th largest position. Sloy Dahl & Holst LLC’s holdings in Coinbase Global were worth $15,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. raised its holdings in shares of Coinbase Global by 12.7% in the 3rd quarter. Banco Santander S.A. now owns 148,906 shares of the cryptocurrency exchange’s stock valued at $26,531,000 after purchasing an additional 16,737 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Coinbase Global by 135.1% in the 3rd quarter. Global Retirement Partners LLC now owns 2,680 shares of the cryptocurrency exchange’s stock valued at $477,000 after purchasing an additional 1,540 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Coinbase Global in the 3rd quarter valued at $29,756,000. Lindbrook Capital LLC raised its holdings in shares of Coinbase Global by 30.2% in the 3rd quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange’s stock valued at $5,347,000 after purchasing an additional 6,963 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Coinbase Global in the 2nd quarter valued at $2,908,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 2.4 %

COIN stock opened at $284.41 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The company has a market cap of $71.20 billion, a P/E ratio of 48.53 and a beta of 3.61. The company’s 50-day moving average price is $287.44 and its 200 day moving average price is $236.16. Coinbase Global, Inc. has a 52 week low of $114.51 and a 52 week high of $349.75.

Insider Activity

In related news, CEO Brian Armstrong sold 58,269 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $328.00, for a total transaction of $19,112,232.00. Following the completion of the transaction, the chief executive officer now owns 526 shares of the company’s stock, valued at approximately $172,528. This represents a 99.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lawrence J. Brock sold 4,635 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $250.00, for a total transaction of $1,158,750.00. Following the transaction, the insider now directly owns 18,525 shares of the company’s stock, valued at $4,631,250. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 376,205 shares of company stock valued at $112,487,737 over the last 90 days. Insiders own 23.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Monness Crespi & Hardt lifted their price target on shares of Coinbase Global from $245.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Piper Sandler lifted their price target on shares of Coinbase Global from $245.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and set a $320.00 price target on shares of Coinbase Global in a research note on Wednesday, October 9th. Barclays lifted their price target on shares of Coinbase Global from $204.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Coinbase Global from $275.00 to $255.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Coinbase Global presently has an average rating of “Moderate Buy” and an average target price of $289.06.

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.