Cathie Wood Sells $59 Million in Tesla Shares as Elon Musk's Robotaxi Vision Gains Attention; Ark Invests Heavily in These Cryptocurrency Stocks | Intellectia.AI
Cathie Wood Sells $59 Million in Tesla Shares as Elon Musk's Robotaxi Vision Gains Attention; Ark Invests Heavily in These Cryptocurrency Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Ark Invest's Significant Trades: On December 15, Ark Invest, led by Cathie Wood, executed major trades involving Tesla, Circle, Coinbase, and Bitmine, reflecting a strategic focus on electric vehicles and cryptocurrency sectors.
Tesla's Stock Movement: Ark sold 124,867 shares of Tesla, generating approximately $59.35 million, amid concerns about the company's future valuation being less tied to vehicle delivery numbers, as analysts suggest a shift towards technology-driven growth.
Investments in Cryptocurrency: Ark purchased shares in Circle and Coinbase, totaling around $27 million, despite the broader cryptocurrency market facing selloffs and challenges, indicating a continued belief in the long-term potential of these assets.
Other Notable Trades: Ark also acquired shares in Bitmine, Bullish, and Block, while selling shares in Shopify and SoFi, showcasing a diverse investment strategy across various sectors, including digital assets and technology.
Wall Street analysts forecast COIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COIN is 361.63 USD with a low forecast of 230.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
Wall Street analysts forecast COIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COIN is 361.63 USD with a low forecast of 230.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 226.930
Low
230.00
Averages
361.63
High
440.00
Current: 226.930
Low
230.00
Averages
361.63
High
440.00
Barclays
Equal Weight
downgrade
$291 -> $258
2026-01-08
Reason
Barclays
Price Target
$291 -> $258
AI Analysis
2026-01-08
downgrade
Equal Weight
Reason
Barclays lowered the firm's price target on Coinbase to $258 from $291 and keeps an Equal Weight rating on the shares. The firm updated the company's model ahead of the Q4 report. Coinbase's Q4 saw softer trading volumes, mixed crypto asset prices, and decelerating USDC growth, the analyst tells investors in a research note.
BofA
Neutral -> Buy
upgrade
$340
2026-01-08
Reason
BofA
Price Target
$340
2026-01-08
upgrade
Neutral -> Buy
Reason
BofA upgraded Coinbase to Buy from Neutral with an unchanged price target of $340.
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BofA
Neutral -> Buy
upgrade
$340
2026-01-08
Reason
BofA
Price Target
$340
2026-01-08
upgrade
Neutral -> Buy
Reason
As previously reported, BofA upgraded Coinbase to Buy from Neutral with an unchanged price target of $340. The stock is off 40% from its July highs, but under the surface of the Q4 crypto correction the company's product velocity has increased and its total addressable market expanded in parallel, the analyst tells investors. Coinbase last month detailing its expansion into stock/ETF trading and prediction markets for the first time supports its objective of becoming the "everything exchange" and cross-selling more products to its existing users, the analyst added.
Compass Point
Ed Engel
initiated
$5
2026-01-06
Reason
Compass Point
Ed Engel
Price Target
$5
2026-01-06
initiated
Reason
Compass Point analyst Ed Engel initiated coverage of Coincheck with a Buy rating and $5 price target.
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
