Coinbase Global (COIN) Rebounded Strongly in Q4

Insider Monkey01-16

Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. During ...

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A copy of the letter can be downloaded here. During ...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-global-coin-rebounded-strongly-152401622.html\">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":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://finance.yahoo.com/news/coinbase-global-coin-rebounded-strongly-152401622.html","article_id":"2503919298","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503919298","pubTimestamp":1737041041,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. During the quarter, the strategy returned 8.2% net of fees compared to the S&P 500’s 2.4% return. 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In addition, you can check the fund’s top 5 holdings to know its best picks in 2024.Patient Capital Management stated the following regarding Coinbase Global, Inc.  in its Q4 2024 investor letter:","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","BK4516":"特朗普概念","BK4554":"元宇宙及AR概念","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","USAW.SI":"AMZN 3xLongSG261006","USJW.SI":"ALPHAB 3xLongSG261006","BK4585":"ETF&股票定投概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4595":"比特币概念","BK4535":"淡马锡持仓",".IXIC":"NASDAQ Composite","BK4166":"消费信贷","COIN":"Coinbase Global, Inc.","BK4588":"碎股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4551":"寇图资本持仓","QID":"纳指两倍做空ETF","NVIW.SI":"NVDA 3xLongSG261006","BK4596":"哈里斯概念","SOFI":"SoFi Technologies Inc.","TQQQ":"纳指三倍做多ETF","BK4549":"软银资本持仓","TSYW.SI":"TESLA 3xLongSG261006","BK4600":"加密货币概念","BK4112":"金融交易所和数据","PSQ":"纳指反向ETF"},"translate_title":"Coinbase Global(COIN)第四季度强劲反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1,"COIN":1,".IXIC":0.9,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NVIW.SI":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. During the quarter, the strategy returned 8.2% net of fees compared to the S&P 500’s 2.4% return. According to a three-factor performance attribution model, allocation and selection effects contributed positively to the portfolio’s outperformance which was partially offset by interaction effects. For similar reasons, the fourth quarter of 2024 resembled the fourth quarter of 2023. 2023 benefitted from soft landing optimism, as did 2024 which was triggered by Donald Trump's election as the next president and a belief that fewer regulation and growth-oriented policies would be implemented. In addition, you can check the fund’s top 5 holdings to know its best picks in 2024.\nPatient Capital Management highlighted stocks like Coinbase Global, Inc. (NASDAQ:COIN), in the fourth quarter 2024 investor letter. Coinbase Global, Inc. (NASDAQ:COIN) offers financial infrastructure and technology for the crypto economy. The one-month return of Coinbase Global, Inc. (NASDAQ:COIN) was -1.20%, and its shares gained 117.65% of their value over the last 52 weeks. On January 15, 2025, Coinbase Global, Inc. (NASDAQ:COIN) stock closed at $274.93 per share with a market capitalization of $68.618 billion.\nPatient Capital Management stated the following regarding Coinbase Global, Inc. (NASDAQ:COIN) in its Q4 2024 investor letter:\n\n\"The top performers in the fourth quarter were once again Financials and Travel names. We’ve been over-indexed to them since the pandemic, which has served us well. We strategically added to certain financial names like Sofi Technologies (SOFI) and Coinbase Global, Inc. (NASDAQ:COIN) during the year. Both companies rebounded strongly in the fourth quarter. We believe Coinbase is building the platform for the crypto ecosystem. Certain recent advances (wallet, base improvements, USD Coin) could cause an adoption tipping point. We like that Coinbase continues to widen its moat by persistently investing in innovation.\"\n\n A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions. \nCoinbase Global, Inc. (NASDAQ:COIN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Coinbase Global, Inc. (NASDAQ:COIN) at the end of the third quarter which was 45 in the previous quarter. Coinbase Global, Inc. (NASDAQ:COIN) reported total revenue of $1.2 billion in the third quarter. While we acknowledge the potential of Coinbase Global, Inc. (NASDAQ:COIN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nIn another article, we discussed Coinbase Global, Inc. (NASDAQ:COIN) and shared the list of firms mirror Wall Street decline. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.\nREAD NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"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":"4.30.2","shortVersion":"4.30.2","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/2503919298"}