Mirae Asset Global Investments Co. Ltd. Acquires Shares of 29,398 Circle Internet Group, Inc. $CRCL

Key Points

• Mirae Asset Global Investments acquired 29,398 shares of Circle Internet Group, Inc. (CRCL), valued at approximately $5.33 million, during the second quarter.
• Several other institutional investors also initiated positions in Circle Internet Group, leading to a diverse portfolio around the stock, with notable investments including $18.4 million from Exchange Traded Concepts LLC.
• Circle Internet Group's stock ratings vary, with an average rating of "Hold" and a consensus price target of $165.54, reflecting mixed analyst sentiment.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,398 shares of the company's stock, valued at approximately $5,330,000.

Several other institutional investors also recently bought and sold shares of CRCL. Exchange Traded Concepts LLC bought a new position in shares of Circle Internet Group during the 2nd quarter valued at about $18,397,000. Baader Bank Aktiengesellschaft bought a new position in Circle Internet Group during the second quarter valued at approximately $1,083,000. Wealth Enhancement Advisory Services LLC bought a new position in Circle Internet Group during the second quarter valued at approximately $673,000. PFG Investments LLC purchased a new position in Circle Internet Group during the 2nd quarter valued at approximately $579,000. Finally, KG&L Capital Management LLC bought a new stake in Circle Internet Group in the 2nd quarter worth approximately $528,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Rothschild & Co Redburn began coverage on shares of Circle Internet Group in a research note on Friday. They issued a "neutral" rating and a $136.00 price objective for the company. JMP Securities began coverage on shares of Circle Internet Group in a report on Tuesday, September 30th. They issued a "market perform" rating on the stock. Rothschild Redb raised shares of Circle Internet Group to a "hold" rating in a report on Friday. Finally, Barclays initiated coverage on Circle Internet Group in a research report on Monday, June 30th. They issued an "overweight" rating and a $215.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $165.54.

Insider Buying and Selling

In related news, CAO Tamara L. Schulz sold 836 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $106,238.88. Following the completion of the sale, the chief accounting officer directly owned 93,609 shares of the company's stock, valued at approximately $11,895,831.72. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick Sean Neville sold 260,374 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $33,088,327.92. The disclosure for this sale can be found here. Insiders sold a total of 831,014 shares of company stock worth $105,416,046 over the last three months.

Circle Internet Group Trading Up 1.9%

Shares of CRCL opened at $148.49 on Tuesday. The company has a fifty day moving average price of $139.79. The stock has a market capitalization of $34.07 billion and a P/E ratio of -11,734.63. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99.

About Circle Internet Group

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.

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