Shares of Coinbase Global rose to $276.38 during today's morning trading session. Despite the 8.2% change, the Large-Cap Diversified Financial company still trades 67309.76% above its average analyst target price of $0.41. So there may be further downside for the Diversified Financial stock. Coinbase Global has target prices ranging from $0.41 to $0.41 per share, and its average rating is buy.
The stock has an average amount of shares sold short at 7.3%, and a short ratio of 0.9. The company's insiders own 5.0% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 54.4% of Coinbase Global's shares being owned by this investor type.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 7% | 14,281,280 | $3,947,060,236 |
| 2023-12-31 | ARK Investment Management, LLC | 4% | 8,599,683 | $2,376,780,429 |
| 2023-12-31 | Blackrock Inc. | 4% | 8,532,359 | $2,358,173,422 |
| 2023-12-31 | Sumitomo Mitsui Trust Holdings, Inc. | 3% | 5,516,267 | $1,524,585,900 |
| 2023-12-31 | Nikko Asset Management Americas, Inc. | 3% | 5,162,486 | $1,426,807,905 |
| 2023-12-31 | Paradigm Operations LP | 2% | 4,515,596 | $1,248,020,444 |
| 2023-12-31 | State Street Corporation | 2% | 3,812,986 | $1,053,833,089 |
| 2023-12-31 | FMR, LLC | 2% | 3,800,169 | $1,050,290,726 |
| 2023-12-31 | Jane Street Group, LLC | 2% | 3,758,262 | $1,038,708,469 |
| 2023-12-31 | Morgan Stanley | 1% | 2,796,545 | $772,909,120 |
