Coinbase Global stock is trading -31.04% below its average target price of $255.78 after marking a 7.4% during today's morning session. Analysts are giving the Large-Cap Diversified Financial company an average rating of buy and target prices ranging from $160.0 to $400.0 per share.
Coinbase Global has an average level of shares sold short, at 5.5% of its total share float. The stock's short ratio (also called days to cover) is 1.46. The company's insiders own 2.41% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 55.8% of Coinbase Global's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 17,657,059 | $3,114,352,152 |
| 2024-06-30 | FMR, LLC | 5% | 11,032,887 | $1,945,980,662 |
| 2024-06-30 | Blackrock Inc. | 5% | 10,982,136 | $1,937,029,201 |
| 2024-06-30 | Paradigm Operations LP | 2% | 4,515,596 | $796,460,844 |
| 2024-06-30 | State Street Corporation | 2% | 4,142,881 | $730,721,371 |
| 2024-06-30 | ARK Investment Management, LLC | 2% | 3,558,701 | $627,683,699 |
| 2024-06-30 | Sumitomo Mitsui Trust Holdings, Inc. | 2% | 3,129,708 | $552,017,912 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 3,111,231 | $548,758,938 |
| 2024-06-30 | Jane Street Group, LLC | 2% | 3,042,010 | $536,549,738 |
| 2024-06-30 | Nikko Asset Management Americas, Inc. | 1% | 2,689,484 | $474,371,201 |
