Circle Internet Group, Inc. $CRCL Holdings Lifted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its position in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 4,887.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,698 shares of the company’s stock after buying an additional 94,759 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Circle Internet Group were worth $7,662,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cibc World Market Inc. boosted its stake in Circle Internet Group by 125.8% during the fourth quarter. Cibc World Market Inc. now owns 3,121 shares of the company’s stock valued at $247,000 after buying an additional 15,216 shares in the last quarter. SBI Holdings USA Inc. bought a new position in Circle Internet Group during the fourth quarter valued at about $127,990,000. Travelers Companies Inc. bought a new position in Circle Internet Group during the fourth quarter valued at about $9,557,000. Goldman Sachs Group Inc. boosted its stake in Circle Internet Group by 134.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 417,174 shares of the company’s stock valued at $33,082,000 after buying an additional 239,380 shares in the last quarter. Finally, a16z Perennial Management L.P. bought a new position in Circle Internet Group during the fourth quarter valued at about $399,000.

Insider Buying and Selling

In other Circle Internet Group news, Director Patrick Sean Neville sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $98.04, for a total transaction of $2,941,200.00. Following the completion of the sale, the director directly owned 30,000 shares in the company, valued at approximately $2,941,200. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nikhil Chandhok sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $123.08, for a total value of $1,230,800.00. Following the sale, the insider owned 540,376 shares of the company’s stock, valued at $66,509,478.08. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 236,617 shares of company stock worth $25,045,808. Company insiders own 10.85% of the company’s stock.

Analyst Ratings Changes

CRCL has been the subject of several research reports. Zacks Research raised Circle Internet Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Wall Street Zen cut Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. KeyCorp initiated coverage on Circle Internet Group in a research note on Tuesday, May 26th. They set a “sector weight” rating for the company. Clear Str raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 16th. Finally, Morgan Stanley increased their price target on Circle Internet Group from $80.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.18.

Circle Internet Group Stock Down 11.4%

NYSE:CRCL opened at $80.19 on Friday. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $298.99. The firm has a market capitalization of $19.93 billion and a price-to-earnings ratio of -25.06. The stock has a fifty day simple moving average of $103.19 and a 200 day simple moving average of $89.55.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings results on Monday, May 11th. The company reported $0.21 earnings per share 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 during the quarter. Circle Internet Group’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities analysts predict that Circle Internet Group, Inc. will post 1.02 earnings per share for the current 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.