H&H International Investment LLC Makes New $19.08 Million Investment in Circle Internet Group, Inc. $CRCL

H&H International Investment LLC purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 200,000 shares of the company’s stock, valued at approximately $19,082,000. Circle Internet Group accounts for about 0.1% of H&H International Investment LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas raised its position in Circle Internet Group by 18.7% in the first quarter. Oddo BHF Asset Management Sas now owns 66,538 shares of the company’s stock worth $6,348,000 after acquiring an additional 10,476 shares in the last quarter. Guardian Partners Inc. purchased a new stake in shares of Circle Internet Group during the 1st quarter worth $286,000. Amundi grew its stake in shares of Circle Internet Group by 165.4% during the 1st quarter. Amundi now owns 98,512 shares of the company’s stock worth $9,399,000 after purchasing an additional 61,393 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Circle Internet Group by 105.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock valued at $112,000 after purchasing an additional 602 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Circle Internet Group by 112.0% in the 1st quarter. California State Teachers Retirement System now owns 6,227 shares of the company’s stock valued at $594,000 after purchasing an additional 3,290 shares in the last quarter.

Circle Internet Group Price Performance

CRCL stock opened at $61.26 on Thursday. The company’s 50 day simple moving average is $78.05 and its 200-day simple moving average is $86.90. The firm has a market capitalization of $15.23 billion and a PE ratio of -19.14. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $193.33.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The company had revenue of $694.13 million for the quarter. The business’s revenue was up 20.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Circle Internet Group, Inc. will post 0.86 earnings per share for the current year.

Insider Activity at Circle Internet Group

In other news, insider Nikhil Chandhok sold 26,666 shares of Circle Internet Group stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $63.90, for a total transaction of $1,703,957.40. Following the completion of the sale, the insider directly owned 725,068 shares in the company, valued at $46,331,845.20. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick Sean Neville sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $62.65, for a total transaction of $3,132,500.00. Following the completion of the transaction, the director directly owned 2,018 shares of the company’s stock, valued at approximately $126,427.70. This represents a 96.12% decrease in their position. 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 1,956,527 shares of company stock worth $155,711,921 over the last three months. Company insiders own 10.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They set a “market perform” rating on the stock. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a research report on Thursday, June 11th. Mizuho reissued an “underperform” rating and set a $50.00 price target (down from $85.00) on shares of Circle Internet Group in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a report on Friday, July 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $140.00 target price on shares of Circle Internet Group in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.12.

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.