Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.

InvestorPlace2022-05-08

Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Fayedea
2022-05-09
Fayedea
Great
Looyusooi
2022-05-09
Looyusooi
Ok
Jess261
2022-05-09
Jess261
Okay
Steven Tay
2022-05-09
Steven Tay
Ok
jgaldon
2022-05-09
jgaldon
Interesting
K74
2022-05-09
K74
Oh

Leave a comment

439

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1142625267?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-05-08 11:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1142625267","market":"us","top_or_hot":-1,"title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","media":"InvestorPlace","content":"<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","article_id":"1142625267","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","pubTimestamp":1651979668,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"凯茜·伍德刚刚买了更多的Coinbase股票。原因如下。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9062289066,"gmtCreate":1652063649755,"gmtModify":1676535022811,"author":{"id":"4087523982151170","authorId":"4087523982151170","name":"Fayedea","avatar":"https://static.tigerbbs.com/f9d26a7d632140dba3255747fafc07d3","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087523982151170","authorIdStr":"4087523982151170"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062289066","repostId":1142625267,"repostType":4,"repost":{"id":"1142625267","pubTimestamp":1651979668,"share":"https://ttm.financial/m/news/1142625267?lang=&edition=fundamental","pubTime":"2022-05-08 11:14","market":"us","language":"en","title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","media":"InvestorPlace","summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","content":"<html><head></head><body><p>Shares of <b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>) are in the spotlight after Cathie Wood’s<b>Ark Invest</b>reported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).</p><p>On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,<i>Bloomberg</i> reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, <b>OpenSea</b>, reported $124 million in transaction volume on May 3.</p><p>Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.</p><p>Cathie Wood Buys COIN Stock</p><p>On May 5, two Ark ETFs reported buying shares of Coinbase. The <b>Ark Next Generation Internet ETF</b>(NYSEMKT:<b><u>ARKW</u></b>) reported purchasing39,698 shares. Meanwhile, th e<b>Ark Fintech Innovation ETF</b>(NYSEMKT:<b><u>ARKF</u></b>) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.</p><p>Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.</p><p>Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.</p><p>Coinbase to Report Earnings on May 10</p><p>Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.</p><p>However, <i>Zacks Equity Research</i> reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142625267","content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9062673854,"gmtCreate":1652059087878,"gmtModify":1676535021631,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100437715079400","authorIdStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062673854","repostId":1142625267,"repostType":4,"repost":{"id":"1142625267","pubTimestamp":1651979668,"share":"https://ttm.financial/m/news/1142625267?lang=&edition=fundamental","pubTime":"2022-05-08 11:14","market":"us","language":"en","title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","media":"InvestorPlace","summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","content":"<html><head></head><body><p>Shares of <b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>) are in the spotlight after Cathie Wood’s<b>Ark Invest</b>reported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).</p><p>On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,<i>Bloomberg</i> reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, <b>OpenSea</b>, reported $124 million in transaction volume on May 3.</p><p>Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.</p><p>Cathie Wood Buys COIN Stock</p><p>On May 5, two Ark ETFs reported buying shares of Coinbase. The <b>Ark Next Generation Internet ETF</b>(NYSEMKT:<b><u>ARKW</u></b>) reported purchasing39,698 shares. Meanwhile, th e<b>Ark Fintech Innovation ETF</b>(NYSEMKT:<b><u>ARKF</u></b>) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.</p><p>Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.</p><p>Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.</p><p>Coinbase to Report Earnings on May 10</p><p>Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.</p><p>However, <i>Zacks Equity Research</i> reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142625267","content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9062687261,"gmtCreate":1652056431753,"gmtModify":1676535020399,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062687261","repostId":1142625267,"repostType":4,"repost":{"id":"1142625267","pubTimestamp":1651979668,"share":"https://ttm.financial/m/news/1142625267?lang=&edition=fundamental","pubTime":"2022-05-08 11:14","market":"us","language":"en","title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","media":"InvestorPlace","summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","content":"<html><head></head><body><p>Shares of <b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>) are in the spotlight after Cathie Wood’s<b>Ark Invest</b>reported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).</p><p>On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,<i>Bloomberg</i> reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, <b>OpenSea</b>, reported $124 million in transaction volume on May 3.</p><p>Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.</p><p>Cathie Wood Buys COIN Stock</p><p>On May 5, two Ark ETFs reported buying shares of Coinbase. The <b>Ark Next Generation Internet ETF</b>(NYSEMKT:<b><u>ARKW</u></b>) reported purchasing39,698 shares. Meanwhile, th e<b>Ark Fintech Innovation ETF</b>(NYSEMKT:<b><u>ARKF</u></b>) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.</p><p>Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.</p><p>Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.</p><p>Coinbase to Report Earnings on May 10</p><p>Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.</p><p>However, <i>Zacks Equity Research</i> reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142625267","content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9062681285,"gmtCreate":1652056102947,"gmtModify":1676535020256,"author":{"id":"4099285253763630","authorId":"4099285253763630","name":"Steven Tay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4099285253763630","authorIdStr":"4099285253763630"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062681285","repostId":1142625267,"repostType":4,"repost":{"id":"1142625267","pubTimestamp":1651979668,"share":"https://ttm.financial/m/news/1142625267?lang=&edition=fundamental","pubTime":"2022-05-08 11:14","market":"us","language":"en","title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","media":"InvestorPlace","summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","content":"<html><head></head><body><p>Shares of <b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>) are in the spotlight after Cathie Wood’s<b>Ark Invest</b>reported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).</p><p>On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,<i>Bloomberg</i> reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, <b>OpenSea</b>, reported $124 million in transaction volume on May 3.</p><p>Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.</p><p>Cathie Wood Buys COIN Stock</p><p>On May 5, two Ark ETFs reported buying shares of Coinbase. The <b>Ark Next Generation Internet ETF</b>(NYSEMKT:<b><u>ARKW</u></b>) reported purchasing39,698 shares. Meanwhile, th e<b>Ark Fintech Innovation ETF</b>(NYSEMKT:<b><u>ARKF</u></b>) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.</p><p>Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.</p><p>Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.</p><p>Coinbase to Report Earnings on May 10</p><p>Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.</p><p>However, <i>Zacks Equity Research</i> reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142625267","content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9062873199,"gmtCreate":1652053659411,"gmtModify":1676535018940,"author":{"id":"3585783151794537","authorId":"3585783151794537","name":"jgaldon","avatar":"https://static.tigerbbs.com/7ac1bf876c504881c7cc0ca4968b92bb","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"idStr":"3585783151794537","authorIdStr":"3585783151794537"},"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062873199","repostId":1142625267,"repostType":4,"repost":{"id":"1142625267","pubTimestamp":1651979668,"share":"https://ttm.financial/m/news/1142625267?lang=&edition=fundamental","pubTime":"2022-05-08 11:14","market":"us","language":"en","title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","media":"InvestorPlace","summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","content":"<html><head></head><body><p>Shares of <b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>) are in the spotlight after Cathie Wood’s<b>Ark Invest</b>reported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).</p><p>On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,<i>Bloomberg</i> reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, <b>OpenSea</b>, reported $124 million in transaction volume on May 3.</p><p>Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.</p><p>Cathie Wood Buys COIN Stock</p><p>On May 5, two Ark ETFs reported buying shares of Coinbase. The <b>Ark Next Generation Internet ETF</b>(NYSEMKT:<b><u>ARKW</u></b>) reported purchasing39,698 shares. Meanwhile, th e<b>Ark Fintech Innovation ETF</b>(NYSEMKT:<b><u>ARKF</u></b>) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.</p><p>Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.</p><p>Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.</p><p>Coinbase to Report Earnings on May 10</p><p>Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.</p><p>However, <i>Zacks Equity Research</i> reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142625267","content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9062854817,"gmtCreate":1652053035639,"gmtModify":1676535018641,"author":{"id":"3574026189533561","authorId":"3574026189533561","name":"K74","avatar":"https://community-static.tradeup.com/news/0915c1dbb625a1fab842a01a98e9f31a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574026189533561","authorIdStr":"3574026189533561"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062854817","repostId":1142625267,"repostType":4,"repost":{"id":"1142625267","pubTimestamp":1651979668,"share":"https://ttm.financial/m/news/1142625267?lang=&edition=fundamental","pubTime":"2022-05-08 11:14","market":"us","language":"en","title":"Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142625267","media":"InvestorPlace","summary":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying CO","content":"<html><head></head><body><p>Shares of <b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>) are in the spotlight after Cathie Wood’s<b>Ark Invest</b>reported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).</p><p>On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,<i>Bloomberg</i> reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, <b>OpenSea</b>, reported $124 million in transaction volume on May 3.</p><p>Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.</p><p>Cathie Wood Buys COIN Stock</p><p>On May 5, two Ark ETFs reported buying shares of Coinbase. The <b>Ark Next Generation Internet ETF</b>(NYSEMKT:<b><u>ARKW</u></b>) reported purchasing39,698 shares. Meanwhile, th e<b>Ark Fintech Innovation ETF</b>(NYSEMKT:<b><u>ARKF</u></b>) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.</p><p>Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.</p><p>Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.</p><p>Coinbase to Report Earnings on May 10</p><p>Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.</p><p>However, <i>Zacks Equity Research</i> reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought More Coinbase (COIN) Stock. Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are...</p>\n\n<a href=\"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/cathie-wood-just-bought-more-coinbase-coin-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142625267","content_text":"Shares of Coinbase(NASDAQ:COIN) are in the spotlight after Cathie Wood’sArk Investreported buying COIN stock through two of its exchange-traded funds (ETFs). Shares of the cryptocurrency brokerage are down more than 55% year-to-date. In addition, Coinbase has lost about 65% of its value since its anticipated initial public offering (IPO).On Wednesday, the company opened up its beta non-fungible token (NFT) marketplace to all users. However,Bloomberg reports that the marketplace is off to a slow start. On the same day, Coinbase recorded fewer than 100 transactions as of 5:15 p.m. Eastern, which equates to less than $60,000 in sales. In comparison, the leading NFT marketplace, OpenSea, reported $124 million in transaction volume on May 3.Despite the slow start to Coinbase’s NFT marketplace, Cathie Wood remains bullish on the brokerage.Cathie Wood Buys COIN StockOn May 5, two Ark ETFs reported buying shares of Coinbase. The Ark Next Generation Internet ETF(NYSEMKT:ARKW) reported purchasing39,698 shares. Meanwhile, th eArk Fintech Innovation ETF(NYSEMKT:ARKF) reported buying 23,341 shares. After the purchase, Coinbase accounts for9.24% of ARKF, making it the ETF’s third-largest position. Furthermore, Coinbase accounts for 8.08% of ARKW, making it the third-largest position as well. Across all Ark ETFs, the company is the fourth-largest holding with a 4.51% allocation.Excluding yesterday’s purchase, the last time Ark Invest purchased COIN was on April 20. On that day, two Ark ETFs purchased 167,810 shares in total. Since Jan. 6, Ark Invest has not sold a single share of COIN.Many people believe that cryptocurrency is still in its early stages, and Wood seems to think that as well. With a market capitalization of about $23 billion, the company currently trades at a low price-to-sales ratio of 3.1.Coinbase to Report Earnings on May 10Coinbase has confirmed it will report Q1 earnings on May 10 after the market close. For revenue, analysts are expecting$1.48 billion, which would reflect a year-over-year decline of 18%. Meanwhile, analysts are expecting earnings per share (EPS) of 17 cents. For Q2 guidance, analysts expect revenue of $1.58 billion and EPS of 16 cents.However, Zacks Equity Research reports that increased competition may hamper operating income due to marketing, account verification and payment-processing expenses. As a result, investors should keep their eyes peeled for when Coinbase reports earnings.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":439,"commentSize":48,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1142625267"}