Nebius Group N.V. $NBIS Shares Acquired by Nicholas Wealth LLC.

Nicholas Wealth LLC. raised its stake in Nebius Group N.V. (NASDAQ:NBIS) by 408.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,626 shares of the company’s stock after acquiring an additional 13,358 shares during the period. Nebius Group accounts for approximately 1.2% of Nicholas Wealth LLC.’s portfolio, making the stock its 13th largest position. Nicholas Wealth LLC.’s holdings in Nebius Group were worth $1,725,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada acquired a new stake in shares of Nebius Group during the first quarter worth about $1,628,000. Millennium Management LLC purchased a new position in Nebius Group during the 1st quarter worth approximately $11,563,000. NewEdge Advisors LLC acquired a new position in Nebius Group during the first quarter worth approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Nebius Group during the first quarter worth approximately $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Nebius Group in the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Insider Activity

In other news, insider Andrey Korolenko sold 500,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 585,209 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CRO Marc Boroditsky sold 10,776 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the transaction, the executive directly owned 26,886 shares of the company’s stock, valued at approximately $7,425,913.20. This trade represents a 28.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 700,710 shares of company stock valued at $132,153,501 over the last ninety days.

Analyst Upgrades and Downgrades

NBIS has been the subject of several research analyst reports. Cantor Fitzgerald began coverage on Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective for the company. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Wolfe Research started coverage on shares of Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating on the stock. Finally, DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and raised their price target for the stock from $200.00 to $250.00 in a report on Monday, May 18th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $240.30 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The stock has a fifty day moving average price of $211.62 and a 200 day moving average price of $139.75. Nebius Group N.V. has a 1-year low of $43.89 and a 1-year high of $299.86. The company has a market cap of $60.80 billion, a PE ratio of 77.52 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data 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 net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group’s quarterly revenue was up 684.0% compared to the same quarter last year. Sell-side analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current 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.