PDT Partners LLC Lowers Stake in Coinbase Global (COIN) by 85.1% in Q3

PDT Partners LLC lessened its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN - Free Report) by 85.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Coinbase Global, Inc. (NASDAQ:COIN) saw its stock price increase on Tuesday after several large investors made trades in the company. Here's a summary of the latest institutional transactions for Coinbase Global:

PDT Partners LLC decreased its stake in shares of Coinbase Global by 85.1% during the 3rd quarter. The fund now owns 2,900 shares of the cryptocurrency exchange's stock after selling 16,625 shares during the last quarter. PDT Partners LLC's holdings in Coinbase Global were valued at $517,000 at the end of the most recent reporting period.

Sumitomo Mitsui Trust Group Inc. lifted its position in Coinbase Global by 2.3% during the third quarter. The company now owns 3,201,106 shares of the cryptocurrency exchange's stock valued at $570,341,000 after acquiring an additional 71,398 shares during the last quarter.

Cowen AND Company LLC increased its holdings in shares of Coinbase Global by 1.5% during the 2nd quarter. Cowen AND Company LLC now owns 1,488,975 shares of the cryptocurrency exchange's stock valued at $330,895,000 after purchasing an additional 22,071 shares during the last quarter.

Renaissance Technologies LLC boosted its position in shares of Coinbase Global by 185.9% during the 2nd quarter. The company now owns 1,063,117 shares of the cryptocurrency exchange's stock valued at $236,258,000 after purchasing an additional 691,288 shares during the period.

Charles Schwab Investment Management Inc. grew its stake in Coinbase Global by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 919,078 shares of the cryptocurrency exchange's stock worth $163,752,000 after buying an additional 52,856 shares during the last quarter.

Finally, American Century Companies Inc. increased its position in Coinbase Global by 1,136.7% during the second quarter. American Century Companies Inc. now owns 474,234 shares of the cryptocurrency exchange's stock worth $105,389,000 after buying an additional 435,886 shares during the period.Coinbase Global (NASDAQ:COIN) shares opened at $302.40 on Tuesday, up from the previous close of $297.78. The stock has a 50-day moving average of $228.17 and a two-hundred day moving average of $218.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.48. The stock has a market cap of $75.71 billion, a PE ratio of 51.60 and a beta of3.34.

Coinbase Global last released its quarterly earnings data on Wednesday, October 30th. The cryptocurrency exchange reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.13). The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.26 billion. Coinbase Global had a net margin of 29.76% and a return on equity of 14.81%. The business's revenue for the quarter was up 78.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. On average, research analysts anticipate that Coinbase Global, Inc. will post 4.44 EPS for the current fiscal year.

Coinbase Global, Inc. is engaged in providing financial infrastructure and technology for the crypto economy. It operates as 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.