TB Alternative Assets Ltd. Purchases New Holdings in Circle Internet Group, Inc. $CRCL

Key Points

• TB Alternative Assets Ltd. acquired 2,000 shares of Circle Internet Group, Inc. ($CRCL), valued at approximately $363,000, during the second quarter of the year.
• Circle Internet Group's market capitalization stands at $30.22 billion with shares trading at around $131.73.
• Insider selling has occurred, with Director Patrick Sean Neville selling 260,374 shares for over $33 million in total transactions recently.

TB Alternative Assets Ltd. purchased a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the company's stock, valued at approximately $363,000.

Other large investors have also recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new position in shares of Circle Internet Group in the 2nd quarter worth about $34,000. Compagnie Lombard Odier SCmA purchased a new position in Circle Internet Group during the 2nd quarter valued at about $79,000. Westbourne Investments Inc. bought a new stake in Circle Internet Group during the 2nd quarter worth approximately $204,000. Masso Torrence Wealth Management Inc. bought a new position in shares of Circle Internet Group in the second quarter worth $245,000. Finally, Brand Asset Management Group Inc. purchased a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $272,000.

Circle Internet Group Trading Up 0.6%

Shares of Circle Internet Group stock opened at $131.73 on Thursday. The company has a market capitalization of $30.22 billion and a P/E ratio of -10,410.15. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99. The firm's 50 day moving average is $150.92.

Insiders Place Their Bets

In other news, 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 transaction of $33,088,327.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rajeev V. Date sold 33,400 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $4,244,472.00. Following the completion of the sale, the director owned 248,663 shares of the company's stock, valued at approximately $31,600,094.04. The trade was a 11.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 831,014 shares of company stock valued at $105,416,046.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRCL shares. Sanford C. Bernstein started coverage on shares of Circle Internet Group in a report on Monday, June 30th. They set an "outperform" rating and a $230.00 price objective for the company. Mizuho set a $85.00 price objective on Circle Internet Group in a research note on Tuesday, August 12th. Robert W. Baird cut their target price on Circle Internet Group from $210.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Baird R W raised shares of Circle Internet Group to a "hold" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group assumed coverage on Circle Internet Group in a research report on Tuesday, August 12th. They issued a "neutral" rating and a $83.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Circle Internet Group presently has an average rating of "Hold" and an average price target of $170.91.

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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