Nebius Group N.V. $NBIS Stock: Sumitomo Mitsui Trust Group Inc. Reduces Holdings

Sumitomo Mitsui Trust Group Inc. lowered its position in Nebius Group N.V. (NASDAQ:NBIS) by 5.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 488,748 shares of the company’s stock after selling 27,386 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Nebius Group were worth $115,286,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nebius Group in the 3rd quarter valued at $117,370,000. ProShare Advisors LLC raised its stake in Nebius Group by 12.5% during the third quarter. ProShare Advisors LLC now owns 230,548 shares of the company’s stock worth $54,382,000 after buying an additional 25,656 shares during the last quarter. Vise Technologies Inc. raised its stake in Nebius Group by 127.1% during the third quarter. Vise Technologies Inc. now owns 7,359 shares of the company’s stock worth $1,736,000 after buying an additional 4,119 shares during the last quarter. MGO One Seven LLC raised its stake in Nebius Group by 1.6% during the third quarter. MGO One Seven LLC now owns 26,962 shares of the company’s stock worth $6,360,000 after buying an additional 437 shares during the last quarter. Finally, State of Wyoming raised its stake in Nebius Group by 39.5% during the third quarter. State of Wyoming now owns 1,412 shares of the company’s stock worth $333,000 after buying an additional 400 shares during the last quarter. 21.90% of the stock is owned by institutional investors.

Nebius Group Trading Down 8.3%

NASDAQ:NBIS opened at $141.39 on Tuesday. Nebius Group N.V. has a 12 month low of $73.52 and a 12 month high of $299.86. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $35.77 billion, a price-to-earnings ratio of -4,711.43 and a beta of 4.18. The firm has a fifty day simple moving average of $208.15 and a two-hundred day simple moving average of $177.05.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same quarter in the prior year, the business earned $2.38 earnings per share. The business’s quarterly revenue was up 454% compared to the same quarter last year. Analysts expect that Nebius Group N.V. will post -3.19 EPS for the current fiscal year.

Insider Activity

In other news, Director Arne Grimme bought 148 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average cost of $169.84 per share, with a total value of $25,136.32. Following the transaction, the director directly owned 7,899 shares of the company’s stock, valued at approximately $1,341,566.16. This represents a 1.91% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 7,000 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $211.23, for a total value of $1,478,610.00. Following the completion of the sale, the executive directly owned 7,000 shares of the company’s stock, valued at $1,478,610. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders bought 1,718 shares of company stock worth $280,207 and sold 158,823 shares worth $38,168,832.

Analysts Set New Price Targets

NBIS has been the topic of several recent analyst reports. William Blair began coverage on shares of Nebius Group in a report on Wednesday, September 30th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. Piper Sandler decreased their price target on Nebius Group from $237.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 21st. Rothschild & Co Redburn initiated coverage on Nebius Group in a research report on Monday, September 21st. They issued a “sell” rating and a $84.00 price objective for the company. Finally, Rosenblatt Securities assumed coverage on Nebius Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $304.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.25.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.