Gordian Capital Singapore Pte Ltd Boosted Its Position in Shares of Coinbase Global, Inc. (NASDAQ:COIN) by 9.7% in the Fourth Quarter

Gordian Capital Singapore Pte Ltd boosted its position in shares of Coinbase Global, Inc. (NASDAQ:COIN – Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC.

Gordian Capital Singapore Pte Ltd increased its stake in Coinbase Global, Inc. (NASDAQ:COIN) by 9.7% during Q4, according to the company in its latest disclosure with the SEC. The firm owned 3,386 shares of the cryptocurrency exchange’s stock after purchasing an additional 300 shares during the quarter. At the end of the most recent reporting period, Gordian Capital Singapore Pte Ltd’s holdings in Coinbase Global were valued at $589,000, making the stock its 29th largest holding.

Several other institutional investors also recently bought and sold shares of Coinbase Global. Fountainhead AM LLC increased its stake in Coinbase Global by 2.1% during Q4. Fountainhead AM LLC now owns 3,957 shares of the cryptocurrency exchange’s stock, valued at $688,000, after purchasing an additional 81 shares during the last quarter.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Coinbase Global by 0.6% during Q4. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,726 shares of the cryptocurrency exchange’s stock, valued at $2,561,000, after purchasing an additional 81 shares during the last quarter.

Arkadios Wealth Advisors increased its stake in Coinbase Global by 2.6% during Q4. Arkadios Wealth Advisors now owns 3,395 shares of the cryptocurrency exchange’s stock, valued at $590,000, after purchasing an additional 86 shares during the last quarter.

Stratos Wealth Partners LTD increased its stake in Coinbase Global by 2.4% during Q4. Stratos Wealth Partners LTD now owns 3,849 shares of the cryptocurrency exchange’s stock, valued at $669,000, after purchasing an additional 90 shares during the last quarter.

Finally, Larson Financial Group LLC increased its position in shares of Coinbase Global by 34.5% during Q4. Larson Financial Group LLC now owns 351 shares of the cryptocurrency exchange’s stock, valued at $61,000, after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

Coinbase Global Price Performance

Coinbase Global (NASDAQ:COIN) last released its quarterly earnings results on Thursday, May 2. The cryptocurrency exchange reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.61. Coinbase Global had a net margin of 33.98% and a return on equity of 9.42%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.26 billion.

For the current year, sell-side analysts as a whole anticipate Coinbase Global, Inc. will post earnings of 5.01 per share.

Coinbase Global is covered by several analysts. In a research note published on Friday, May 3, Keefe, Bruyette & Woods raised their price target on Coinbase Global shares from $230.00 to $240.00 and assigned the stock a “market perform” rating. In a research note published on Friday, May 3, The Goldman Sachs Group decreased their price target on Coinbase Global shares from $295.00 to $255.00 and assigned the stock a “neutral” rating. In a research note published on Friday, March 15, JPMorgan Chase & Co. increased their price target on Coinbase Global shares from $95.00 to $150.00 and assigned the stock a “neutral” rating. In a research note published on Thursday, April 18, Sanford C. Bernstein increased their price target on Coinbase Global shares from $80.00 to $200.00 and assigned the stock a “market perform” rating. Finally, in a research note published on Wednesday, June 5, Needham & Company LLC reaffirmed a “buy” rating and a price target of $260.00 on Coinbase Global shares. Two stock equities research analysts have assigned the company’s stock a sell rating, nine have assigned it a hold rating, and nine have assigned it a buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $214.67.

Check Out Our Latest Stock Analysis on Coinbase Global

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company provides the primary financial account in the crypto

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