First Trust Advisors LP Increases Its Holdings in Coinbase Global, Inc. (NASDAQ:COIN)

According to the most recent filing that Coinbase Worldwide, INC made with the Securities and Exchange Commission, during the third quarter of 2018, First Trust Advisors LP increased the number of shares of Coinbase Worldwide, INC (NASDAQ: COIN) that it owned.

The fund’s stock holdings in the cryptocurrency exchange increased by 448,055 shares throughout the period, bringing the total number of shares held by the fund to 583,952 overall.

According to the most recent filing with the SEC, First Trust Advisors LP holds an ownership interest in approximately 0.26% of Coinbase Global. Coinbase Global is currently valued at $37,659,000.

On Thursday, February 21st, Coinbase Global (NASDAQ: COIN) released its most recent quarterly earnings report.

The report covered the three months ending in December.

The cryptocurrency exchange reported earnings per share (EPS) of $2.46 for the quarter, which was $0.07 less than the average projection made by analysts, which was $2.39.

In their financial statements, Coinbase Global revealed a negative return on equity of 44.89% and a negative net margin of 82.18%.

The sales for the company during the quarter came in at $629.10 million, which is significantly higher than the industry analysts’ forecast of $587.37 million for the company’s sales for the quarter.

The company posted earnings of $3.32 per share during the same period the previous year when those earnings were reported. Coinbase Global experienced a decrease in revenue of 74.7% during the quarter compared to the same period the previous year. Forecasts provided by professionals in equity research indicate that Coinbase Global, INC will report a loss of $4.07 per share in 2018.
On Tuesday, the cost of purchasing COIN stock was $62.77 per share. Coinbase Global INC reached a low of $31.55 during its 52-week period, while the company reached a high of $206.79 during that same period. On its fifty-day simple moving average, the company’s stock price is currently trading at $54.80, while on its 200-day simple moving average, it is trading at $57.39.

The debt-to-equity ratio is calculated to be 0.62, the quick ratio is calculated to be 1.07, and the current ratio is also calculated to be 1.07.

The stock’s price-to-earnings ratio is currently at -5.30, and its beta value is at 2.63.

The company’s total value, as represented by its market capitalization, is $14.53 billion.
Hedge funds and other institutional investors have recently adjusted the number of shares of a specific company they now control due to these adjustments.

The percentage of Coinbase Global holdings owned by Fairfield Bush & Co increased by 18.4% over the first three months of 2018. Following the acquisition of an additional 275 shares during the most recent fiscal quarter, Fairfield Bush & Co now holds 1,770 shares of the cryptocurrency exchange’s stock, which has a value of $336,000 at the end of the most recent fiscal quarter. United Bank invested approximately $286,000 in Coinbase Global during the first three months of 2018 to increase its holdings in the company.

The Bank of New York Mellon Corporation increased the proportion of Coinbase Global, which it owned, by 2.7% over the first three months of 2018.

The Bank of New York Mellon Corp. now owns 70,553 shares of the cryptocurrency exchange, which have a value of $13,394,000, after purchasing an additional 1,844 shares during the most recent quarter.

This brings the total number of shares that the corporation has acquired to a total of 71,057.

American Century Companies INC increased the proportion of Coinbase Global, which is owned by 269.2% over the first three months of 2018.

American Century Companies INC now has a total of 7,147 shares of the cryptocurrency exchange following the purchase of an additional 5,211 shares during the most recent quarter.

The value of the company’s entire holding of 7,147 shares of the cryptocurrency exchange is currently equal to $1,357,000.

Last but certainly not least, during the first three months of 2018, Synovus Financial Corporation increased the percentage of its holdings invested in Coinbase Global by 26.6%. Following the acquisition of 232 additional shares during the most recent fiscal quarter, Synovus Financial Corp. now holds 1,103 shares of the stock held by the cryptocurrency exchange.

This brings the total number of shares held by the company to 1,103.

These shares are currently trading on the market for $209,000.

Approximately 46.41% of the company’s shares are owned by hedge funds and other types of institutional investors at present.

In addition, on December 28th, director Tobias Lutke made a personal investment in his portfolio by purchasing 11,332 shares of the company’s stock.

The buyers spent $369,196.56 on purchasing the shares, an average of $32.58 per share throughout the transaction. Following the successful completion of the transaction, the director is now the owner of 163,156 shares.

These shares have a value of $5,315,622.48 after the adjustment.

If you follow this link, you will be brought to the SEC filing in which the acquisition was discussed, so make sure you do so.

In addition, on December 28th, director Tobias Lutke made a personal investment in his portfolio by purchasing 11,332 shares of the company’s stock.

The buyers spent $369,196.56 on purchasing the shares, an average of $32.58 per share throughout the transaction. Upon the completion of the transaction, the director gained ownership of 163,156 shares in the company, which have an adjusted value of $5,315,622.48.

If you follow this link, you will be brought to the SEC filing in which the acquisition was discussed, so make sure you do so.
Along with this, CAO On Thursday, February 23rd, Jennifer N. Jones successfully sold 8,197 shares of the company’s stock.

The total value of the stock sold was $509,197.64, and the price received per share, which was the average selling price, was 62.12 dollars.