KEYWISE CAPITAL MANAGEMENT HK Ltd Invests $72.91 Million in Circle Internet Group, Inc. $CRCL

Key Points

• KEYWISE CAPITAL MANAGEMENT HK Ltd bought 549,900 shares of Circle Internet Group (NYSE:CRCL) in Q3—an approximately $72.91 million new stake that represents about 5.6% of KEYWISE’s portfolio and 0.24% of Circle’s shares, making it the fund’s fifth-largest holding.
• Circle reported quarterly EPS of $0.43 (vs. $0.25 expected) and revenue of $770.23 million, up 76.9% year-over-year, while the stock recently traded around $115 with a 12‑month range of $49.90–$298.99 and a market cap near $27.1 billion.
• Analysts are mixed—consensus rating is a Hold with a $124.65 target—and insiders sold a combined 462,567 shares (~$44.0 million) over the past quarter.

KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 549,900 shares of the company's stock, valued at approximately $72,906,000. Circle Internet Group comprises approximately 5.6% of KEYWISE CAPITAL MANAGEMENT HK Ltd's investment portfolio, making the stock its 5th biggest holding. KEYWISE CAPITAL MANAGEMENT HK Ltd owned 0.24% of Circle Internet Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CRCL. Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group in the third quarter worth about $27,000. EverSource Wealth Advisors LLC bought a new stake in shares of Circle Internet Group during the 2nd quarter worth approximately $27,000. Highline Wealth Partners LLC purchased a new position in Circle Internet Group during the 3rd quarter valued at $32,000. Montag A & Associates Inc. bought a new position in Circle Internet Group in the 3rd quarter valued at $33,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Circle Internet Group in the 3rd quarter valued at $35,000.

Circle Internet Group Trading Up 0.9%

Shares of CRCL stock opened at $115.22 on Monday. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $298.99. The stock has a fifty day simple moving average of $77.42 and a two-hundred day simple moving average of $97.71. The stock has a market capitalization of $27.13 billion and a price-to-earnings ratio of -61.95.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research downgraded Circle Internet Group from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. Canaccord Genuity Group cut their price target on shares of Circle Internet Group from $247.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. William Blair reaffirmed an "outperform" rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. Weiss Ratings reiterated a "sell (d)" rating on shares of Circle Internet Group in a report on Wednesday, January 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Circle Internet Group from $128.00 to $111.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Circle Internet Group has a consensus rating of "Hold" and a consensus target price of $124.65.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, Director Patrick Sean Neville sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director M Michele Burns sold 80,000 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $94.88, for a total transaction of $7,590,400.00. Following the completion of the sale, the director owned 305,230 shares of the company's stock, valued at approximately $28,960,222.40. This represents a 20.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 462,567 shares of company stock worth $43,969,052 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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