This afternoon we watched Coinbase Global drop -3.2% to a price of $265.71 per share. The Large-Cap Diversified Financial company is now trading -9.09% below its average target price of $292.28. Analysts have set target prices ranging from $150.0 to $420.0 per share for Coinbase Global, and have given the stock an average rating of buy.
Coinbase Global's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.1%. The stock's short ratio is 0.53. The company's insiders own 2.17% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 55.9%. In conclusion, we believe there is positive market sentiment regarding Coinbase Global.
Institutions Invested in Coinbase Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 18,290,295 | $4,859,914,128 |
| 2024-09-30 | Blackrock Inc. | 6% | 11,327,117 | $3,009,728,161 |
| 2024-09-30 | FMR, LLC | 3% | 6,746,568 | $1,792,630,525 |
| 2024-09-30 | Paradigm Operations LP | 2% | 4,515,596 | $1,199,838,974 |
| 2024-09-30 | State Street Corporation | 2% | 4,300,794 | $1,142,763,936 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 3,425,619 | $910,221,195 |
| 2024-09-30 | ARK Investment Management, LLC | 2% | 3,241,198 | $861,218,692 |
| 2024-09-30 | Sumitomo Mitsui Trust Holdings, Inc. | 2% | 3,201,106 | $850,565,847 |
| 2024-09-30 | Jane Street Group, LLC | 2% | 3,095,948 | $822,624,316 |
| 2024-09-30 | Nikko Asset Management Americas, Inc. | 1% | 2,789,219 | $741,123,356 |
