Exchange Traded Concepts LLC Purchases 363,157 Shares of Circle Internet Group, Inc. $CRCL

Key Points

• Exchange Traded Concepts LLC increased its stake in Circle by 252.5% in Q4, buying 363,157 shares to hold 506,971 shares (~0.22%) valued at about $40.2 million.
• Circle beat quarterly expectations with EPS $0.43 vs. $0.25 and revenue of $770.2 million (+76.9% YoY), yet the stock opened at $93.59 and was down 4.8% within a 52‑week range of $49.90–$298.99.
• Insiders sold 482,195 shares (≈$46.8 million) over the last quarter, and analysts maintain a consensus “Hold” rating with an average price target of $126.29 after mixed revisions.

Exchange Traded Concepts LLC increased its position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) by 252.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 506,971 shares of the company's stock after buying an additional 363,157 shares during the period. Exchange Traded Concepts LLC owned about 0.22% of Circle Internet Group worth $40,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company's stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC bought a new stake in shares of Circle Internet Group in the 3rd quarter valued at about $32,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Circle Internet Group in the 3rd quarter worth approximately $33,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRCL. Zacks Research raised shares of Circle Internet Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 17th. Needham & Company LLC lowered their target price on Circle Internet Group from $190.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Wells Fargo & Company dropped their target price on Circle Internet Group from $128.00 to $111.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group lifted their price target on Circle Internet Group from $79.00 to $88.00 and gave the company a "neutral" rating in a report on Monday, January 5th. Finally, Clear Str raised Circle Internet Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $126.29.

Circle Internet Group Stock Down 4.8%

NYSE:CRCL opened at $93.59 on Friday. The stock has a market capitalization of $23.10 billion and a price-to-earnings ratio of -50.32. Circle Internet Group, Inc. has a 52 week low of $49.90 and a 52 week high of $298.99. The firm has a 50 day moving average of $84.37 and a 200 day moving average of $97.67.

Circle Internet Group (NYSE:CRCL - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. The firm had revenue of $770.23 million during the quarter. The business's revenue for the quarter was up 76.9% compared to the same quarter last year.

Insider Activity

In other Circle Internet Group news, Director Rajeev V. Date sold 23,254 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $89.62, for a total value of $2,084,023.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick Sean Neville sold 30,000 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. The SEC filing for this sale provides additional information. Insiders sold 482,195 shares of company stock worth $46,809,227 over the last quarter.

Circle Internet Group Profile

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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