Kestra Advisory Services LLC Has $1.91 Million Stock Holdings in Circle Internet Group, Inc. $CRCL

Kestra Advisory Services LLC grew its stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 102.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,001 shares of the company’s stock after purchasing an additional 10,132 shares during the period. Kestra Advisory Services LLC’s holdings in Circle Internet Group were worth $1,908,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group during the fourth quarter valued at about $25,000. Larson Financial Group LLC increased its position in shares of Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group during the second quarter valued at approximately $27,000. Bellevue Asset Management LLC acquired a new stake in shares of Circle Internet Group during the fourth quarter valued at approximately $29,000. Finally, Harbour Investments Inc. lifted its position in shares of Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after acquiring an additional 238 shares in the last quarter.

Circle Internet Group Stock Performance

Shares of CRCL opened at $65.34 on Tuesday. The company has a market capitalization of $16.24 billion and a PE ratio of -20.42. The company’s 50 day moving average price is $85.44 and its 200 day moving average price is $87.76. Circle Internet Group, Inc. has a 52 week low of $49.90 and a 52 week high of $231.88.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $694.13 million during the quarter. Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.Circle Internet Group’s quarterly revenue was up 20.0% on a year-over-year basis. On average, equities analysts forecast that Circle Internet Group, Inc. will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRCL. Robert W. Baird decreased their price objective on shares of Circle Internet Group from $138.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Susquehanna started coverage on shares of Circle Internet Group in a research note on Wednesday, July 1st. They set a “neutral” rating and a $69.00 target price on the stock. Freedom Capital upgraded Circle Internet Group to a “hold” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $101.00 target price on shares of Circle Internet Group in a research report on Tuesday, May 12th. Finally, KeyCorp began coverage on Circle Internet Group in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Circle Internet Group presently has an average rating of “Hold” and an average target price of $113.25.

Insiders Place Their Bets

In related news, Director Patrick Sean Neville sold 1,034,396 shares of Circle Internet Group stock in a transaction on Monday, June 8th. The stock was sold at an average price of $82.87, for a total transaction of $85,720,396.52. Following the completion of the sale, the director owned 2,018 shares of the company’s stock, valued at approximately $167,231.66. This trade represents a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Hossein Razzaghi sold 34,623 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $78.85, for a total value of $2,730,023.55. Following the sale, the insider directly owned 666,404 shares of the company’s stock, valued at $52,545,955.40. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,956,527 shares of company stock valued at $155,711,921 in the last three months. Company insiders own 10.85% of the company’s stock.

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 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.