Coinbase Global (XTRA:1QZ) Price Target Increased by 42.29% to 161.50

The average one-year price target for Coinbase Global (XTRA:1QZ) has been revised to 161.50 / share. This is an increase of 42.29% from the prior estimate of 113.50 dated January 18, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 74.12 to a high of 240.80 / share. The average price target represents an increase of 6.77% from the latest reported closing price of 151.26 / share.

What is the Fund Sentiment?

There are 1124 funds or institutions reporting positions in Coinbase Global. This is an increase of 205 owner(s) or 22.31% in the last quarter. Average portfolio weight of all funds dedicated to 1QZ is 0.97%, an increase of 35.10%. Total shares owned by institutions increased in the last three months by 2.93% to 120,647K shares.

What are Other Shareholders Doing?

DE:1QZ / Coinbase Global, Inc. Shares Held by Institutions

ARK Investment Management holds 8,600K shares representing 3.55% ownership of the company. In it's prior filing, the firm reported owning 10,604K shares, representing a decrease of 23.30%. The firm increased its portfolio allocation in 1QZ by 45.37% over the last quarter.

ARKK - ARK Innovation ETF holds 7,096K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 7,601K shares, representing a decrease of 7.12%. The firm increased its portfolio allocation in 1QZ by 12.48% over the last quarter.

Sumitomo Mitsui Trust Holdings holds 5,516K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 7,908K shares, representing a decrease of 43.36%. The firm increased its portfolio allocation in 1QZ by 44.24% over the last quarter.

Nikko Asset Management Americas holds 5,162K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 7,556K shares, representing a decrease of 46.37%. The firm increased its portfolio allocation in 1QZ by 27.28% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,747K shares representing 1.96% ownership of the company. In it's prior filing, the firm reported owning 4,682K shares, representing an increase of 1.37%. The firm increased its portfolio allocation in 1QZ by 10.43% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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