Banco Santander S.A. Has $46.72 Million Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

Banco Santander S.A. grew its holdings in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 26.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 188,142 shares of the cryptocurrency exchange’s stock after acquiring an additional 39,236 shares during the quarter. Banco Santander S.A.’s holdings in Coinbase Global were worth $46,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Coinbase Global during the 3rd quarter worth approximately $29,756,000. Lindbrook Capital LLC grew its position in shares of Coinbase Global by 30.2% during the 3rd quarter. Lindbrook Capital LLC now owns 30,012 shares of the cryptocurrency exchange’s stock worth $5,347,000 after purchasing an additional 6,963 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Coinbase Global by 168.2% during the 3rd quarter. Wellington Management Group LLP now owns 26,089 shares of the cryptocurrency exchange’s stock worth $4,648,000 after purchasing an additional 16,363 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Coinbase Global during the 4th quarter worth approximately $252,000. Finally, Virtu Financial LLC acquired a new position in shares of Coinbase Global during the 3rd quarter worth approximately $3,866,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Insider Activity

In other news, insider Paul Grewal sold 10,978 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $211.93, for a total transaction of $2,326,567.54. Following the completion of the sale, the insider now directly owns 83,313 shares in the company, valued at $17,656,524.09. This represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Alesia J. Haas sold 5,700 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $266.87, for a total transaction of $1,521,159.00. Following the sale, the chief financial officer now owns 144,470 shares of the company’s stock, valued at approximately $38,554,708.90. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,455 shares of company stock valued at $60,955,968. Insiders own 23.43% of the company’s stock.

Coinbase Global Price Performance

COIN stock opened at $217.45 on Friday. The company has a fifty day moving average price of $263.18 and a 200-day moving average price of $241.06. The company has a market capitalization of $55.21 billion, a P/E ratio of 22.89 and a beta of 3.66. Coinbase Global, Inc. has a 52-week low of $146.12 and a 52-week high of $349.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28.

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, February 13th. The cryptocurrency exchange reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $2.93. Coinbase Global had a net margin of 39.34% and a return on equity of 20.64%. As a group, equities analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Wall Street Analyst Weigh In

COIN has been the topic of a number of analyst reports. Rosenblatt Securities started coverage on shares of Coinbase Global in a research report on Friday. They set a “buy” rating and a $305.00 target price on the stock. Barclays upped their price target on shares of Coinbase Global from $282.00 to $328.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Bank of America cut their price target on shares of Coinbase Global from $363.00 to $311.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Piper Sandler upped their price target on shares of Coinbase Global from $285.00 to $310.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of Coinbase Global from $280.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $311.21.

Coinbase Global 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.