Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) continue to trend higher. It is up about 153% in one year. Moreover, it gained over 14% in Thursday’s after-hours trading following its solid Q4 performance. As Coinbase benefits from new innovative products, expansion into new markets, and efficient expense management, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, other institutional investors own 38.41% of COIN. They are followed by public companies and individual investors, insiders, and mutual funds at 37.36%, 14.30%, and 9.93%, respectively.
Digging Deeper into Coinbase’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 7.03% stake in Coinbase stock. Next up is Vanguard Index Funds, which holds a 6.60% stake in the company.
Among the institutions, the hedge fund Confidence Signal is Very Negative on COIN stock based on the activity of 11 hedge funds. Notably, Hedge Funds decreased their holdings by 2M shares in the last quarter.
While the hedge fund confidence signal is Very Negative, individual investors have a Very Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding the stock increased by 2.8%. Overall, among the 715,547 portfolios monitored by TipRanks, 1.1% have invested in Coinbase stock.
Is COIN a Good Buy Now?
Given the significant appreciation in its value, Wall Street remains sidelined on COIN stock. It has five Buy, four Hold, and six Sell recommendations for a Hold consensus rating.
Analysts’ average price target of $133.20 implies 19.6% downside potential from current levels.
Conclusion
TipRanks’ Ownership tool shows Coinbase’s ownership structure by category, enabling investors to make well-informed investing decisions.
