Wealth Enhancement Advisory Services LLC Increases Stock Position in Circle Internet Group, Inc. $CRCL

Wealth Enhancement Advisory Services LLC boosted its position in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 948.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,780 shares of the company’s stock after buying an additional 30,558 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Circle Internet Group were worth $2,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSG Advisors LLC purchased a new stake in shares of Circle Internet Group during the 4th quarter worth about $231,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Circle Internet Group in the 3rd quarter valued at about $491,000. Strategic Investment Solutions Inc. IL raised its holdings in Circle Internet Group by 833.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 560 shares of the company’s stock worth $74,000 after purchasing an additional 500 shares during the period. IFP Advisors Inc raised its holdings in Circle Internet Group by 2,565.3% in the 3rd quarter. IFP Advisors Inc now owns 3,225 shares of the company’s stock worth $428,000 after purchasing an additional 3,104 shares during the period. Finally, WJ Wealth Management LLC purchased a new position in Circle Internet Group during the third quarter worth approximately $289,000.

Circle Internet Group Stock Down 5.0%

CRCL stock opened at $90.63 on Thursday. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99. The stock has a market cap of $22.37 billion and a price-to-earnings ratio of -48.73. The business has a fifty day moving average of $85.39 and a two-hundred day moving average of $96.85.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The company had revenue of $770.23 million during the quarter. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year.

Analyst Ratings Changes

Several brokerages have commented on CRCL. Wells Fargo & Company dropped their price objective on Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research report on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. Compass Point raised shares of Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 price target for the company in a report on Thursday, January 29th. Finally, Robert W. Baird upped their price objective on shares of Circle Internet Group from $110.00 to $138.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.29.

Insider Activity at Circle Internet Group

In related news, CFO Jeremy Fox-Geen sold 47,908 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $90.00, for a total value of $4,311,720.00. Following the sale, the chief financial officer owned 261,059 shares in the company, valued at approximately $23,495,310. The trade was a 15.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director M Michele Burns sold 80,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $94.88, for a total value of $7,590,400.00. Following the transaction, the director directly owned 305,230 shares in the company, valued at approximately $28,960,222.40. The trade was a 20.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 482,195 shares of company stock valued at $46,809,227 over the last ninety days.

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.