Rosenblatt Initiates Buy Rating for Coinbase Global: Fund Sentiment Increases

Fintel reports that on March 7, 2025, Rosenblatt began coverage of Coinbase Global (WBAG:COIN) with a Buy recommendation.

Current Fund Sentiment Around Coinbase Global

A total of 1,557 funds and institutions have reported their positions in Coinbase Global, reflecting an increase of 187 owners, or 13.65%, in the last quarter. The average portfolio weight dedicated to COIN across all funds is now 0.46%, up 12.81% from the previous reporting period. Institutional ownership has risen, with total shares owned increasing by 13.51% over the last three months to reach 134,276K shares.

Key Institutional Investors and Their Recent Activities

Jane Street Group controls 6,566K shares, which accounts for 3.12% of the company’s ownership. This marks a notable increase from their previous 3,096K shares, representing a growth of 52.85% in their holdings. Furthermore, Jane Street Group boosted its overall portfolio allocation in COIN by 191.05% in the last quarter.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 6,101K shares, equivalent to 2.90% ownership. This is a slight decrease from their earlier ownership of 6,116K shares, indicating a drop of 0.25%. Nevertheless, this fund expanded its portfolio allocation in COIN by 37.00% last quarter.

Paradigm Operations currently owns 4,128K shares, representing 1.96% of the company, having reduced their holdings from 4,516K shares, a decline of 9.39%.

The Vanguard Mid-Cap Index Fund Investor Shares (VIMSX) holds 3,783K shares, which corresponds to 1.80% ownership. This marks an increase from their previous total of 3,683K shares, amounting to an upsurge of 2.65%. They also increased their allocation in COIN by 42.08% last quarter.

Lastly, Geode Capital Management has 3,553K shares, representing 1.69% of Coinbase. This is up from their previous 3,426K shares, showing a gain of 3.58%. They increased their portfolio allocation in COIN by 38.54% in the last quarter.

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This story originally appeared on Fintel.

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