J.W. Cole Advisors Lowers Stake in Coinbase Global (COIN) by 11.1% in Q1

J.W. Cole Advisors Inc. lowered its stake in shares of Coinbase Global, Inc. (NASDAQ: COIN) by 11.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission.

Institutional investors and hedge funds own 68.84% of Coinbase Global (NASDAQ:COIN) stock, according to the latest 13F filings. Vanguard Group Inc, a world-renowned investment management company, holds the most COIN stock, with 14,281,280 shares valued at $2,483,800,000 as of December 31st. This represents a 2.9% increase in the company’s holdings, as they acquired 408,046 additional shares during the last quarter. Among the institutional investors that newly purchased Coinbase Global shares during the fourth quarter is Norges Bank, which purchased shares valued at $202,936,000. a16z Perennial Management L.P. also joined the institutional investors that disclosed new stakes in Coinbase Global during the fourth quarter, acquiring shares valued at $147,646,000.

Over the last 90 days, insiders sold 330,516 shares of the company’s stock, according to the latest SEC filings. Notably, CAO Jennifer N. Jones sold 15,580 shares on May 30th, and COO Emilie Choi sold 8,000 shares on July 1st. In total, these transactions were valued at $3,727,982.40 and $1,857,920.00, respectively. As of the last filing, Jones owns 2,212 shares in the company, and Choi owns 197,971 shares, and both are still subject to further insider trades.

When discussing institutional ownership, it's crucial to note that hedge funds are often highly active in buying and selling a stock within a given quarter, particularly compared to other types of institutions. For instance, a hedge fund might have had a different level of ownership in a company when considering the תחילת and סוף of a quarter, despite holding the stock throughout the entire period.

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