Resona Asset Management Co. Ltd. Has $11.39 Million Holdings in Coinbase Global, Inc. $COIN

11 Jul 2026, 12:49 by Amy Steele · The Cerbat Gem

Resona Asset Management Co. Ltd. lifted its holdings in Coinbase Global, Inc. (NASDAQ:COIN) by 8.6% during the first quarter, HoldingsChannel.com reports. The firm owned 66,260 shares of the cryptocurrency exchange’s stock after purchasing an additional 5,224 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Coinbase Global were worth $11,395,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Coinbase Global during the 4th quarter worth about $656,744,000. Capital World Investors boosted its stake in shares of Coinbase Global by 847.2% during the 4th quarter. Capital World Investors now owns 1,536,534 shares of the cryptocurrency exchange’s stock worth $347,472,000 after buying an additional 1,374,318 shares during the last quarter. Ruffer LLP bought a new position in shares of Coinbase Global in the 4th quarter valued at about $166,515,000. Janus Henderson Group PLC grew its holdings in shares of Coinbase Global by 2,597.8% in the 4th quarter. Janus Henderson Group PLC now owns 549,304 shares of the cryptocurrency exchange’s stock valued at $124,221,000 after acquiring an additional 528,943 shares in the last quarter. Finally, Cria Inc. acquired a new stake in shares of Coinbase Global in the fourth quarter valued at about $111,184,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COIN. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Benchmark restated a “buy” rating and set a $270.00 target price on shares of Coinbase Global in a report on Wednesday, June 17th. Rothschild & Co Redburn upped their price target on shares of Coinbase Global from $254.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Piper Sandler cut their price target on shares of Coinbase Global from $180.00 to $170.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Coinbase Global in a research report on Thursday. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $251.79.

Read Our Latest Stock Analysis on COIN

Coinbase Global Stock Performance

Shares of COIN traded up $0.63 during mid-day trading on Friday, reaching $159.07. The company’s stock had a trading volume of 6,111,167 shares, compared to its average volume of 7,137,718. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.44. Coinbase Global, Inc. has a 1-year low of $139.18 and a 1-year high of $444.64. The business has a 50-day simple moving average of $173.89 and a two-hundred day simple moving average of $189.89. The stock has a market cap of $41.91 billion, a P/E ratio of 59.80, a PEG ratio of 5.56 and a beta of 3.35.

Coinbase Global (NASDAQ:COIN – Get Free Report) last posted its earnings results on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue was down 30.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Coinbase Global, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Activity

In other Coinbase Global news, Director Frederick R. Wilson sold 10,000 shares of Coinbase Global stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $159.09, for a total transaction of $1,590,900.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $3,181,800. The trade was a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jennifer N. Jones sold 2,051 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $158.15, for a total transaction of $324,365.65. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 40,647 shares of company stock valued at $7,331,841. 16.66% of the stock is owned by company insiders.

Key Headlines Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

Positive Sentiment: Coinbase gained sympathy buying after Circle received OCC approval to launch a national trust bank, reinforcing a more constructive regulatory backdrop for crypto-related firms. Coinbase Stock Trades Higher After Circle Receives OCC Approval to Open National Trust Bank
Positive Sentiment: Citizens JMP raised its price target on Coinbase to $325 and kept an outperform rating, which supports the idea that Wall Street still sees significant upside from current levels. Coinbase Global (NASDAQ:COIN) Given New $325.00 Price Target at Citizens Jmp
Positive Sentiment: Bitcoin strength and reports of a rising “Coinbase Premium” suggested renewed U.S. crypto demand, which can boost Coinbase trading activity and investor expectations for volume-driven revenue. Bitcoin whales sent BTC price to $64K as Coinbase Premium broke key level: CryptoQuant
Positive Sentiment: Coinbase also received attention for a UK authorization that could help it expand into a broader “everything exchange” offering, a potential long-term growth catalyst. Coinbase UK License Marks Major Step Toward Bringing ‘Everything Exchange’ to Life
Neutral Sentiment: Analysts and market commentary continued to highlight Coinbase as a high-profile crypto proxy, keeping the stock in focus for traders, but these pieces were more commentary than fresh fundamental news. Is Trending Stock Coinbase Global, Inc. (COIN) a Buy Now?
Neutral Sentiment: Coinbase’s chief legal officer, Paul Grewal, is stepping down after a successful tenure, but the company said the transition is orderly and succession plans are already in place. Coinbase restores prediction markets trading after technical issue
Negative Sentiment: Recent analyst updates were mixed, with Barclays cutting its price target to $99 and maintaining an underweight rating, showing that not all analysts are bullish on the stock’s valuation and earnings outlook. Coinbase Global had its price target lowered by Barclays PLC

Coinbase Global Company Profile

(Free Report)

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.