International Assets Investment Management LLC Buys Shares of 5,686 Circle Internet Group, Inc. $CRCL

International Assets Investment Management LLC bought a new stake in Circle Internet Group, Inc. (NYSE:CRCLFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,686 shares of the company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CRCL. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Circle Internet Group in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Circle Internet Group in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of Circle Internet Group in the 2nd quarter valued at approximately $27,000. Finally, Bellevue Asset Management LLC purchased a new position in shares of Circle Internet Group in the 4th quarter valued at approximately $29,000.

Circle Internet Group Stock Performance

Shares of CRCL stock opened at $131.97 on Tuesday. The stock has a fifty day moving average price of $104.81 and a 200 day moving average price of $90.15. The stock has a market cap of $32.57 billion and a PE ratio of -70.95. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99.

Circle Internet Group (NYSE:CRCLGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $694.13 million during the quarter. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities research analysts predict that Circle Internet Group, Inc. will post 0.85 earnings per share for the current year.

Key Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

Wall Street Analyst Weigh In

CRCL has been the topic of several analyst reports. Morgan Stanley set a $80.00 target price on Circle Internet Group in a research note on Monday, April 20th. Wells Fargo & Company lifted their target price on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price target on Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Compass Point reissued a “sell” rating and issued a $77.00 price target (down from $79.00) on shares of Circle Internet Group in a report on Thursday, April 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Circle Internet Group in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $129.06.

Check Out Our Latest Research Report on Circle Internet Group

Insider Activity

In other Circle Internet Group news, Director Rajeev V. Date sold 23,254 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $89.62, for a total transaction of $2,084,023.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Fox-Geen sold 47,908 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $90.00, for a total value of $4,311,720.00. Following the transaction, the chief financial officer directly owned 261,059 shares of the company’s stock, valued at $23,495,310. The trade was a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 617,464 shares of company stock valued at $60,251,749 in the last 90 days. Insiders own 10.85% of the company’s stock.

About Circle Internet Group

(Free Report)

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

Featured Stories

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Institutional Ownership by Quarter for Circle Internet Group (NYSE:CRCL)

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