Marshall Wace LLP Buys Shares of 8,534,470 Circle Internet Group, Inc. $CRCL

Marshall Wace LLP purchased a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,534,470 shares of the company’s stock, valued at approximately $1,547,214,000. Circle Internet Group comprises approximately 1.7% of Marshall Wace LLP’s holdings, making the stock its 6th biggest position. Marshall Wace LLP owned approximately 3.84% of Circle Internet Group at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new position in Circle Internet Group during the second quarter worth about $27,000. North Star Investment Management Corp. purchased a new stake in Circle Internet Group in the 2nd quarter valued at approximately $34,000. Hennessy Advisors Inc. acquired a new stake in Circle Internet Group during the 2nd quarter valued at $36,000. Allworth Financial LP acquired a new position in shares of Circle Internet Group in the second quarter worth $37,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Circle Internet Group in the second quarter worth $40,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CRCL shares. Rothschild & Co Redburn started coverage on shares of Circle Internet Group in a research note on Friday, October 3rd. They set a “neutral” rating and a $136.00 price target on the stock. The Goldman Sachs Group cut their target price on Circle Internet Group from $92.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Needham & Company LLC dropped their price target on Circle Internet Group from $250.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Baird R W raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, Monness Crespi & Hardt started coverage on Circle Internet Group in a report on Monday, November 10th. They set a “buy” rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $144.69.

Insiders Place Their Bets

In related news, CAO Tamara L. Schulz sold 1,000 shares of Circle Internet Group stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $78.02, for a total value of $78,020.00. Following the completion of the sale, the chief accounting officer owned 89,317 shares in the company, valued at approximately $6,968,512.34. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikhil Chandhok sold 100,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $77.08, for a total transaction of $7,708,000.00. Following the completion of the sale, the insider directly owned 493,639 shares in the company, valued at $38,049,694.12. This represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 618,847 shares of company stock valued at $49,268,665 over the last 90 days.

Circle Internet Group Stock Up 1.3%

Shares of CRCL stock opened at $87.41 on Friday. The company has a fifty day moving average price of $111.71. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. Circle Internet Group’s revenue was up 65.9% compared to the same quarter last year.

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.