Newbridge Financial Services Group Inc. Increases Position in Nebius Group N.V. $NBIS

Newbridge Financial Services Group Inc. increased its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 1,092.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,451 shares of the company’s stock after buying an additional 35,227 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Nebius Group were worth $3,219,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Orbis Allan Gray Ltd grew its holdings in shares of Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after buying an additional 1,949,708 shares during the last quarter. Fred Alger Management LLC lifted its position in Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after purchasing an additional 2,536,832 shares during the period. Jericho Capital Asset Management L.P. lifted its position in Nebius Group by 55.7% during the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after purchasing an additional 1,648,497 shares during the period. Invesco Ltd. lifted its position in Nebius Group by 2.7% during the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares during the period. Finally, Rovida Investment Management Ltd lifted its position in Nebius Group by 26.0% during the third quarter. Rovida Investment Management Ltd now owns 2,193,647 shares of the company’s stock valued at $246,193,000 after purchasing an additional 453,000 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on NBIS shares. Morgan Stanley started coverage on shares of Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 target price for the company. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research report on Tuesday, February 3rd. Bank of America started coverage on shares of Nebius Group in a research report on Tuesday, March 24th. They set a “buy” rating and a $150.00 target price for the company. Compass Point started coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They set a “buy” rating and a $150.00 target price for the company. Finally, DA Davidson boosted their target price on shares of Nebius Group from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.09.

Insiders Place Their Bets

In other Nebius Group news, 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 completion of the transaction, the chief technology officer owned 307,378 shares in the company, valued at approximately $30,362,798.84. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Arkadiy Volozh sold 33,358 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the completion of the transaction, the chief executive officer owned 868,289 shares of the company’s stock, valued at approximately $90,067,617.97. This trade represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 73,823 shares of company stock worth $7,457,358.

Nebius Group Trading Up 3.4%

Shares of Nebius Group stock opened at $112.54 on Tuesday. The firm has a 50-day simple moving average of $100.72 and a two-hundred day simple moving average of $102.08. The company has a market cap of $28.34 billion, a P/E ratio of -77.08 and a beta of 4.20. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The firm had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Nebius Group Company Profile

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.