Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 24,526 Circle Internet Group, Inc. $CRCL

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Circle Internet Group, Inc. (NYSE:CRCL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 24,526 shares of the company’s stock, valued at approximately $3,252,000.

Other large investors have also made changes to their positions in the company. General Catalyst Group Management LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at approximately $3,647,694,000. Marshall Wace LLP bought a new stake in shares of Circle Internet Group in the second quarter valued at approximately $1,547,214,000. ARK Investment Management LLC acquired a new stake in shares of Circle Internet Group in the second quarter worth $530,165,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Circle Internet Group by 282.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,299,374 shares of the company’s stock worth $172,271,000 after acquiring an additional 959,309 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Circle Internet Group during the second quarter worth $73,101,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRCL shares. Redburn Partners set a $136.00 price target on shares of Circle Internet Group in a report on Friday, October 3rd. Wells Fargo & Company reduced their target price on shares of Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. HC Wainwright began coverage on Circle Internet Group in a research report on Friday, December 19th. They set a “neutral” rating and a $85.00 target price on the stock. Mizuho set a $77.00 price target on Circle Internet Group and gave the company a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised Circle Internet Group from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $94.00 to $100.00 in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Circle Internet Group has an average rating of “Hold” and an average target price of $139.71.

Insiders Place Their Bets

In other Circle Internet Group news, insider Nikhil Chandhok sold 10,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the sale, the insider directly owned 474,974 shares in the company, valued at $42,747,660. This represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeremy Fox-Geen sold 23,830 shares of Circle Internet Group stock in a transaction on Friday, December 12th. The shares were sold at an average price of $90.00, for a total value of $2,144,700.00. Following the transaction, the chief financial officer directly owned 282,173 shares of the company’s stock, valued at approximately $25,395,570. The trade was a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 722,089 shares of company stock worth $58,540,227 over the last quarter.

Circle Internet Group Stock Up 4.5%

NYSE:CRCL opened at $73.13 on Thursday. Circle Internet Group, Inc. has a 12-month low of $64.00 and a 12-month high of $298.99. The firm has a market capitalization of $17.22 billion and a PE ratio of -31.93. The firm has a 50-day moving average price of $79.54 and a 200 day moving average price of $119.09.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. The business’s quarterly revenue was up 65.9% compared to the same quarter last year.

About Circle Internet Group

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 USD Coin (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.