Virtu Financial LLC bought a new stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) in the 3rd quarter, according to its most recent filing with the SEC.
Virtu Financial LLC disclosed in its most recent filing with the SEC that it has acquired a new stake in Coinbase Global, Inc. (NASDAQ:COIN) shares. The institutional investor acquired 21,701 shares of the cryptocurrency exchange's stock, valued at approximately $3,866,000.
Several other hedge funds have also adjusted their positions in COIN. During the third quarter, RPg Family Wealth Advisory LLC began a new position in Coinbase Global, valued at roughly $25,000. Crewe Advisors LLC increased its stake in Coinbase Global shares by 547.4% in the 2nd quarter. Crewe Advisors LLC now holds 123 shares of the cryptocurrency exchange's stock, valued at $27,000, after purchasing an additional 104 shares in the last quarter. ORG Wealth Partners LLC began a new position in Coinbase Global during the third quarter, valued at $32,000. Spirit of America Management Corp NY acquired a new position in Coinbase Global in the second quarter, valued at $33,000. Finally, Continuum Advisory LLC increased its stake in Coinbase Global by 3,000.0% in the second quarter. Continuum Advisory LLC now owns 155 shares of the cryptocurrency exchange's stock, valued at $34,000, after purchasing an additional 150 shares during the last quarter.
Institutional investors and hedge funds own 68.84% of the company's stock.
Coinbase Global Price Performance
COIN opened at $313.81 on Thursday on NASDAQ. The company has a market capitalization of $78.56 billion, a PE ratio of 53.55 and a beta of 3.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. Coinbase Global, Inc. has a 12 month low of $114.51 and a 12 month high of $349.75. The company's 50 day simple moving average is $251.09 and its 200 day simple moving average is $224.01.
Coinbase Global (NASDAQ:COIN - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.13). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The firm's revenue for the quarter was up 78.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. As a group, equities research analysts forecast that Coinbase Global, Inc. will post 4.44 EPS for the current fiscal year.
Insider Buying and Selling at Coinbase Global
In other Coinbase Global news, insider Paul Grewal sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $170.10, for a total transaction of $1,701,000.00. Following the completion of the sale, the insider now directly owns 74,956 shares in the company, valued at approximately $12,750,015.60. This trade represents a 11.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alesia J. Haas sold 5,250 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $195.25, for a total value of $1,025,062.50. Following the completion of the transaction, the chief financial officer now owns 169,786 shares in the company, valued at $33,150,716.50. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 272,220 shares of company stock valued at $80,030,608. 23.43% of the
