Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Circle Internet Group, Inc. $CRCL

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,700 shares of the company’s stock, valued at approximately $5,928,000.

A number of other large investors have also recently made changes to their positions in the stock. North Star Investment Management Corp. purchased a new position in shares of Circle Internet Group during the second quarter valued at approximately $34,000. Hennessy Advisors Inc. purchased a new stake in Circle Internet Group in the second quarter worth approximately $36,000. Chilton Capital Management LLC bought a new stake in Circle Internet Group in the 2nd quarter worth approximately $40,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Circle Internet Group during the 2nd quarter valued at $52,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Circle Internet Group during the 2nd quarter valued at $63,000.

Circle Internet Group Stock Performance

NYSE CRCL opened at $86.00 on Thursday. The stock has a 50-day moving average of $128.16. Circle Internet Group, Inc. has a 52 week low of $64.00 and a 52 week high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. The firm’s quarterly revenue was up 65.9% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CRCL shares. Mizuho set a $85.00 price target on Circle Internet Group in a research note on Tuesday, August 12th. JMP Securities began coverage on Circle Internet Group in a report on Tuesday, September 30th. They issued a “market perform” rating on the stock. Redburn Partners set a $136.00 price target on Circle Internet Group in a research note on Friday, October 3rd. Oppenheimer began coverage on shares of Circle Internet Group in a research report on Friday, September 12th. They set a “market perform” rating for the company. Finally, Monness Crespi & Hardt began coverage on shares of Circle Internet Group in a research note on Monday. They issued a “buy” rating and a $150.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.47.

Insider Buying and Selling at Circle Internet Group

In related news, CEO Jeremy Allaire sold 357,812 shares of Circle Internet Group stock in a transaction on Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $45,470,748.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick Sean Neville sold 260,374 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $33,088,327.92. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 831,014 shares of company stock valued at $105,416,046.

Circle Internet Group Profile

Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.