Circle Internet Group, Inc. $CRCL Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in Circle Internet Group, Inc. (NYSE:CRCL) by 948.4% in the 4th quarter, HoldingsChannel reports. The firm owned 33,780 shares of the company’s stock after purchasing an additional 30,558 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Circle Internet Group were worth $2,866,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. purchased a new stake in shares of Circle Internet Group during the third quarter worth $2,491,000. CloudAlpha Capital Management Limited Hong Kong raised its holdings in Circle Internet Group by 181.1% in the third quarter. CloudAlpha Capital Management Limited Hong Kong now owns 283,964 shares of the company’s stock valued at $37,648,000 after acquiring an additional 182,954 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Circle Internet Group in the third quarter valued at approximately $3,248,000. Rheos Capital Works Inc. increased its position in shares of Circle Internet Group by 20.8% in the 3rd quarter. Rheos Capital Works Inc. now owns 302,000 shares of the company’s stock valued at $40,039,000 after purchasing an additional 52,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Circle Internet Group by 61.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock valued at $739,624,000 after acquiring an additional 2,126,072 shares during the last quarter.

Analyst Upgrades and Downgrades

CRCL has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Circle Internet Group from $110.00 to $138.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, February 25th. Compass Point upgraded Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 target price on the stock in a research report on Thursday, January 29th. Morgan Stanley began coverage on Circle Internet Group in a report on Monday, February 2nd. They issued an “equal weight” rating and a $66.00 target price for the company. Finally, Mizuho upped their target price on Circle Internet Group from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $126.29.

Insiders Place Their Bets

In other news, CFO Jeremy Fox-Geen sold 47,908 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $90.00, for a total value of $4,311,720.00. Following the completion of the transaction, the chief financial officer owned 261,059 shares in the company, valued at $23,495,310. This trade represents a 15.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Heath Tarbert sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $116.04, for a total transaction of $1,740,600.00. Following the completion of the sale, the president owned 584,156 shares of the company’s stock, valued at $67,785,462.24. This trade represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 482,195 shares of company stock worth $46,809,227.

Circle Internet Group Stock Performance

CRCL stock opened at $90.63 on Thursday. The stock has a market capitalization of $22.37 billion and a PE ratio of -48.73. The company has a fifty day moving average of $85.39 and a 200-day moving average of $96.85. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $770.23 million during the quarter. The business’s revenue for the quarter was up 76.9% on a year-over-year basis.

Circle Internet Group Profile

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.