Soros Fund Management LLC Makes New Investment in Circle Internet Group, Inc. $CRCL

Soros Fund Management LLC acquired a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 305,000 shares of the company’s stock, valued at approximately $55,293,000. Soros Fund Management LLC owned about 0.14% of Circle Internet Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRCL. Brand Asset Management Group Inc. acquired a new position in shares of Circle Internet Group during the second quarter valued at about $272,000. Westbourne Investments Inc. acquired a new position in Circle Internet Group during the 2nd quarter valued at approximately $204,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Circle Internet Group in the second quarter worth $1,083,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Circle Internet Group during the second quarter valued at $673,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter valued at $18,397,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRCL. JMP Securities started coverage on Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating on the stock. The Goldman Sachs Group reduced their price target on shares of Circle Internet Group from $92.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Wells Fargo & Company decreased their price objective on shares of Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $144.69.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, Director Rajeev V. Date sold 127,247 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $72.29, for a total transaction of $9,198,685.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nikhil Chandhok sold 100,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $77.08, for a total transaction of $7,708,000.00. Following the sale, the insider directly owned 493,639 shares of the company’s stock, valued at $38,049,694.12. This represents a 16.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 618,847 shares of company stock worth $49,268,665 in the last quarter.

Circle Internet Group Stock Performance

NYSE:CRCL opened at $88.61 on Friday. Circle Internet Group, Inc. has a 52 week low of $64.00 and a 52 week high of $298.99. The company’s 50-day simple moving average is $106.97.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.44. The business had revenue of $739.76 million for the quarter. The company’s quarterly revenue was up 65.9% on a year-over-year basis.

Circle Internet Group Profile

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.