Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Circle Internet Group, Inc. $CRCL

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 23.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,713 shares of the company’s stock after selling 5,813 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Circle Internet Group were worth $1,495,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in shares of Circle Internet Group during the 2nd quarter valued at $27,000. Larson Financial Group LLC lifted its stake in shares of Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Circle Internet Group during the 3rd quarter valued at $27,000. Montag A & Associates Inc. purchased a new position in shares of Circle Internet Group during the 3rd quarter valued at $33,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Circle Internet Group during the 3rd quarter valued at $35,000.

Circle Internet Group Trading Up 9.9%

Shares of NYSE CRCL opened at $99.90 on Friday. The firm’s 50-day moving average price is $100.04 and its 200-day moving average price is $90.85. The stock has a market capitalization of $24.66 billion and a price-to-earnings ratio of -53.71. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.18. The business had revenue of $770.23 million for the quarter. The business’s revenue was up 76.9% compared to the same quarter last year. On average, equities analysts predict that Circle Internet Group, Inc. will post 0.84 EPS for the current fiscal year.

Insider Activity

In related news, Director Rajeev V. Date sold 1,273 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.00, for a total value of $120,935.00. Following the sale, the director directly owned 152,328 shares of the company’s stock, valued at $14,471,160. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Fox-Geen sold 4,238 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $90.00, for a total transaction of $381,420.00. Following the completion of the sale, the chief financial officer directly owned 363,726 shares in the company, valued at $32,735,340. This trade represents a 1.15% 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. In the last three months, insiders sold 555,874 shares of company stock worth $54,031,625. 10.85% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRCL. Morgan Stanley set a $80.00 target price on shares of Circle Internet Group in a research note on Monday, April 20th. Wall Street Zen cut shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Wells Fargo & Company decreased their price target on shares of Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC decreased their price target on shares of Circle Internet Group from $190.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Freedom Capital upgraded shares of Circle Internet Group to a “hold” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $127.24.

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.