Gerber LLC Bought a New Stake in Coinbase Global, Inc. (NASDAQ:COIN) During the Fourth Quarter-web3.0-php.cn

Gerber LLC Bought a New Stake in Coinbase Global, Inc. (NASDAQ:COIN) During the Fourth Quarter

Jun 19, 2024 am 09:37 AM

Gerber LLC acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

Gerber LLC Bought a New Stake in Coinbase Global, Inc. (NASDAQ:COIN) During the Fourth Quarter

A new stake in Coinbase Global, Inc. (NASDAQ:COIN) was acquired by Gerber LLC during the fourth quarter, as disclosed in the firm’s latest Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,966 shares of the cryptocurrency exchange’s stock, valued at approximately $1,038,000. Coinbase Global comprises about 0.9% of Gerber LLC’s portfolio, making the stock its 19th biggest holding.

Among other institutional investors, Norges Bank bought a new position in Coinbase Global in the 4th quarter valued at approximately $202,936,000. a16z Perennial Management L.P. bought a new position in shares of Coinbase Global in the 4th quarter valued at $147,646,000. Morgan Stanley boosted its holdings in shares of Coinbase Global by 18.5% during the 3rd quarter. Morgan Stanley now owns 3,279,836 shares of the cryptocurrency exchange’s stock valued at $246,250,000 after acquiring an additional 511,397 shares in the last quarter. Hamilton Lane Advisors LLC bought a new stake in Coinbase Global during the 4th quarter worth $88,015,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Coinbase Global by 142.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 733,180 shares of the cryptocurrency exchange’s stock worth $55,047,000 after purchasing an additional 430,546 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO Jennifer N. Jones sold 15,580 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $239.28, for a total transaction of $3,727,982.40. Following the transaction, the chief accounting officer now directly owns 2,212 shares in the company, valued at $529,287.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Coinbase Global news, CAO Jennifer N. Jones sold 15,580 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $239.28, for a total value of $3,727,982.40. Following the completion of the transaction, the chief accounting officer now owns 2,212 shares in the company, valued at approximately $529,287.36. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC website. Also, CFO Alesia J. Haas sold 4,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $247.54, for a total transaction of $1,039,668.00. Following the completion of the transaction, the chief financial officer now directly owns 192,622 shares in the company, valued at $47,681,649.88. The disclosure for this sale can be found here. Insiders sold a total of 377,803 shares of company stock worth $86,110,620 in the last quarter. 23.43% of the stock is currently owned by corporate insiders.

Coinbase Global (NASDAQ:COIN – Get Free Report) last announced its earnings results on Thursday, May 2nd. The cryptocurrency exchange reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.61. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Coinbase Global had a return on equity of 9.42% and a net margin of 33.98%. Research analysts expect that Coinbase Global, Inc. will post 5.01 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Raymond James upgraded shares of Coinbase Global from an “underperform” rating to a “market perform”

News source：https://www.kdj.com/cryptocurrencies-news/articles/gerber-llc-bought-stake-coinbase-global-nasdaqcoin-fourth-quarter.html

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