76,323 Shares in Circle Internet Group, Inc. $CRCL Purchased by Fifth Third Bancorp

Fifth Third Bancorp purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL – Free Report) during the 1st quarter, Holdings Channel reports. The firm purchased 76,323 shares of the company’s stock, valued at approximately $7,282,000.

A number of other hedge funds have also modified their holdings of the business. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC boosted its stake in shares of Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group during the 2nd quarter worth about $27,000. Bellevue Asset Management LLC purchased a new stake in Circle Internet Group during the 4th quarter worth about $29,000. Finally, Harbour Investments Inc. raised its stake in 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 purchasing an additional 238 shares during the last quarter.

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Circle Internet Group News Summary

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: William Blair said many of the main risks facing Circle and Coinbase may already be priced in, while also pointing to upside if Bitcoin prices recover, helping sentiment around Circle Internet Group (CRCL). Coinbase, Circle stocks climb as analysts see Bitcoin-linked upside
• Positive Sentiment: Circle won final OCC approval, a regulatory milestone that supports its legitimacy and could aid longer-term growth. Circle Internet (CRCL) Wins Final OCC Approval
• Neutral Sentiment: Coverage highlighted Circle’s expansion into digital finance services, reinforcing its push beyond core stablecoin operations, but without a clearly immediate stock-moving catalyst. Why Is Circle Internet Group (NYSE:CRCL) Expanding Digital Finance Services?
• Neutral Sentiment: Circle was also the subject of a valuation-focused article asking whether the stock has fallen enough to justify a premium, which mainly reflects debate over fair value rather than a new fundamental development. Has Circle Internet Group (CRCL) Fallen Enough To Justify A Premium?
• Negative Sentiment: Mizuho downgraded Circle Internet Group (CRCL) from neutral to underperform and cut its price target to $50 from $85, citing revenue model and competitive concerns. Trump’s Crypto Push May Arrive Just in Time for Coinbase and Circle
• Negative Sentiment: Open Standard’s upcoming Open USD stablecoin was described by one analyst as a potential “existential threat” to USDC, raising competition risk for Circle’s core product. Open Standard Challenges Circle With Yield-Sharing Stablecoin

Insider Transactions at Circle Internet Group

In other news, insider Hossein Razzaghi sold 1,831 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $64.40, for a total value of $117,916.40. Following the sale, the insider owned 662,856 shares in the company, valued at approximately $42,687,926.40. This represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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, Director Patrick Sean Neville sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $62.65, for a total value of $3,132,500.00. Following the transaction, the director directly owned 2,018 shares in the company, 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 a total of 1,966,527 shares of company stock valued at $156,751,921 over the last ninety days. 10.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CRCL shares. HC Wainwright upgraded shares of Circle Internet Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $150.00 in a report on Monday, May 18th. Wall Street Zen downgraded Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Mizuho reiterated an “underperform” rating and issued a $50.00 target price (down from $85.00) on shares of Circle Internet Group in a research note on Tuesday. Morgan Stanley increased their target price on Circle Internet Group from $80.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Finally, William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given 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 currently has an average rating of “Hold” and a consensus target price of $113.25.

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Circle Internet Group Price Performance

Shares of CRCL opened at $65.81 on Thursday. The stock’s 50-day moving average is $88.87 and its two-hundred day moving average is $88.15. The stock has a market cap of $16.36 billion and a PE ratio of -20.56. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $262.97.

Circle Internet Group (NYSE:CRCL – Get Free Report) last posted its quarterly earnings data 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). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The firm had revenue of $694.13 million for the quarter. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, research analysts anticipate that Circle Internet Group, Inc. will post 0.98 earnings per share for the current year.

Circle Internet Group Profile

(Free Report)

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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Want to see what other hedge funds are holding CRCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Circle Internet Group, Inc. (NYSE:CRCL – Free Report).

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