Handelsbanken Fonder AB Purchases 67,434 Shares of Nebius Group N.V. $NBIS

Handelsbanken Fonder AB raised its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 137.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,334 shares of the company’s stock after purchasing an additional 67,434 shares during the period. Handelsbanken Fonder AB’s holdings in Nebius Group were worth $9,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in NBIS. Royal Bank of Canada bought a new position in shares of Nebius Group in the 1st quarter worth $1,628,000. Millennium Management LLC bought a new position in shares of Nebius Group in the 1st quarter worth $11,563,000. NewEdge Advisors LLC bought a new position in shares of Nebius Group in the 1st quarter worth $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Nebius Group in the 1st quarter worth $9,084,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Nebius Group in the 2nd quarter worth $68,000. 21.90% of the stock is owned by institutional investors.

Key Headlines Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Nebius announced a partnership with Bloom Energy to power its AI cloud with modular fuel cells, with the first 328 MW expected to go live this year, a meaningful step toward scaling data center capacity faster. Article Title
• Positive Sentiment: Investor commentary has turned more bullish after Nebius’ strong Q1 results, which showed revenue up 684% year over year and reinforced the company’s high-growth AI infrastructure story. Article Title
• Positive Sentiment: Analyst sentiment remains supportive, with Citi reportedly lifting its price target to a street-high level after the earnings beat and power-capacity upgrade. Article Title

Insiders Place Their Bets

In related news, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the transaction, the insider directly owned 585,209 shares of the company’s stock, valued at $118,937,877.16. This represents a 46.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Danila Shtan sold 13,489 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total value of $1,332,443.42. Following the transaction, the chief technology officer directly owned 307,378 shares in the company, valued at $30,362,798.84. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 661,835 shares of company stock valued at $122,524,959.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $200.00 to $250.00 in a research report on Monday. Wolfe Research assumed coverage on Nebius Group in a research report on Thursday, April 16th. They issued a “peer perform” rating for the company. BWS Financial boosted their price target on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Finally, Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and a consensus price target of $182.75.

Nebius Group Trading Up 14.7%

Shares of NASDAQ:NBIS opened at $219.93 on Friday. The business’s 50-day moving average is $146.74 and its 200 day moving average is $113.14. Nebius Group N.V. has a 1 year low of $34.72 and a 1 year high of $233.73. The firm has a market capitalization of $55.65 billion, a P/E ratio of 70.95 and a beta of 4.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. The firm’s quarterly revenue was up 684.0% compared to the same quarter last year. On average, research analysts predict that Nebius Group N.V. will post -2.33 earnings per share for the current fiscal year.

About Nebius Group

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.