Franchise Capital Ltd purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,000 shares of the company's stock, valued at approximately $1,813,000. Circle Internet Group accounts for approximately 0.9% of Franchise Capital Ltd's portfolio, making the stock its 8th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at $18,397,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Circle Internet Group in the 2nd quarter valued at $5,330,000. Baader Bank Aktiengesellschaft acquired a new stake in Circle Internet Group in the 2nd quarter valued at $1,083,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at $673,000. Finally, PFG Investments LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at $579,000.
Insiders Place Their Bets
In related news, CFO Jeremy Fox-Geen sold 33,608 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $121.45, for a total value of $4,081,691.60. Following the completion of the transaction, the chief financial officer owned 297,823 shares of the company's stock, valued at approximately $36,170,603.35. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rajeev V. Date sold 33,400 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $4,244,472.00. Following the completion of the transaction, the director directly owned 248,663 shares of the company's stock, valued at $31,600,094.04. The trade was a 11.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 831,014 shares of company stock valued at $105,416,046.
Analyst Ratings Changes
Several equities research analysts have issued reports on CRCL shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Circle Internet Group from $163.00 to $123.00 and set a "hold" rating on the stock in a research note on Wednesday, August 20th. The Goldman Sachs Group started coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They set a "neutral" rating and a $83.00 target price on the stock. Compass Point cut shares of Circle Internet Group from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $205.00 to $130.00 in a research note on Monday, July 21st. Canaccord Genuity Group reaffirmed a "buy" rating and set a $247.00 target price on shares of Circle Internet Group in a research note on Thursday, September 11th. Finally, Barclays started coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an "overweight" rating and a $215.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $165.54.
View Our Latest Stock Analysis on CRCL
Circle Internet Group Trading Up 1.9%
Shares of NYSE CRCL opened at $148.49 on Tuesday. The business's fifty day moving average is $139.79. Circle Internet Group, Inc. has a 1-year low of $64.00 and a 1-year high of $298.99. The firm has a market capitalization of $34.07 billion and a P/E ratio of -11,734.63.
Circle Internet Group Profile
(
Free Report)
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.
Further Reading
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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