IDG China Capital Fund GP III Associates Ltd. reduced its stake in shares of Circle Internet Group, Inc. (NYSE:CRCL – Free Report) by 9.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,181,478 shares of the company’s stock after selling 126,233 shares during the period. Circle Internet Group comprises approximately 99.6% of IDG China Capital Fund GP III Associates Ltd.’s portfolio, making the stock its biggest position. IDG China Capital Fund GP III Associates Ltd.’s holdings in Circle Internet Group were worth $112,725,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in Circle Internet Group by 17.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 255,222 shares of the company’s stock worth $20,239,000 after acquiring an additional 38,567 shares during the last quarter. Travelers Companies Inc. bought a new position in shares of Circle Internet Group during the fourth quarter valued at about $9,557,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Circle Internet Group by 98.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company’s stock worth $204,252,000 after purchasing an additional 1,276,310 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Circle Internet Group in the 4th quarter worth about $25,027,000. Finally, GC Wealth Management RIA LLC bought a new stake in Circle Internet Group in the 4th quarter worth about $18,165,000.
Analyst Upgrades and Downgrades
Several equities analysts have commented on CRCL shares. Susquehanna started coverage on shares of Circle Internet Group in a research report on Wednesday, July 1st. They set a “neutral” rating and a $69.00 target price on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $160.00 price target on shares of Circle Internet Group in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $101.00 price target on shares of Circle Internet Group in a report on Tuesday, May 12th. Wells Fargo & Company raised their target price on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Compass Point raised shares of Circle Internet Group from a “sell” rating to a “neutral” rating and cut their price target for the stock from $97.00 to $55.00 in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.38.
Insider Buying and Selling at Circle Internet Group
In related news, insider Nikhil Chandhok sold 489,737 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $72.37, for a total transaction of $35,442,266.69. Following the sale, the insider owned 521,809 shares of the company’s stock, valued at approximately $37,763,317.33. This represents a 48.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $78.85, for a total transaction of $2,730,023.55. Following the completion of the sale, the insider owned 666,404 shares in the company, valued at $52,545,955.40. This represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,981,527 shares of company stock worth $158,177,521. 10.85% of the stock is owned by corporate insiders.
More Circle Internet Group News
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Circle secured OCC approval to launch a national trust bank, reinforcing its regulatory standing and potentially improving the outlook for its USDC stablecoin and reserve management. Article Title
- Positive Sentiment: Traders also showed unusual bullish activity in CRCL options, with call volume running well above normal, suggesting speculation that the rally could continue.
- Neutral Sentiment: Analysts currently rate Circle around a “Hold,” indicating the stock still has supporters but not broad consensus for aggressive upside at current levels. Article Title
- Neutral Sentiment: Recent commentary also noted that Circle remains exposed to rising competition in stablecoins, including the launch of Open USD, which could pressure its long-term moat. Article Title
- Negative Sentiment: Some investors remain cautious after prior reports flagged Circle as potentially overvalued and sensitive to rate expectations, which could limit how far the stock can run. Article Title
Circle Internet Group Stock Performance
CRCL stock traded up $3.36 during midday trading on Friday, reaching $66.37. 36,658,384 shares of the company’s stock traded hands, compared to its average volume of 12,339,959. The firm has a market capitalization of $16.50 billion and a PE ratio of -20.74. The company has a 50-day moving average price of $91.55 and a two-hundred day moving average price of $88.52. Circle Internet Group, Inc. has a 52 week low of $49.90 and a 52 week high of $262.97.
Circle Internet Group (NYSE:CRCL – Get Free Report) last posted its quarterly 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 positive return on equity of 2.89% and a negative net margin of 2.76%.The company had revenue of $694.13 million during the quarter. Circle Internet Group’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, analysts predict that Circle Internet Group, Inc. will post 1.02 EPS for the current fiscal 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 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.
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