Nebius Group N.V. $NBIS Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,657 shares of the company’s stock after buying an additional 9,969 shares during the quarter. Hsbc Holdings PLC’s holdings in Nebius Group were worth $8,853,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NBIS. Royal Bank of Canada acquired a new stake in Nebius Group during the first quarter worth approximately $1,628,000. Millennium Management LLC acquired a new position in Nebius Group in the 1st quarter valued at $11,563,000. NewEdge Advisors LLC purchased a new position in shares of Nebius Group during the 1st quarter worth $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Nebius Group during the 1st quarter worth $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Nebius Group during the 2nd quarter worth $68,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Insider Activity at Nebius Group

In related news, CRO Marc Boroditsky sold 10,776 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of Nebius Group stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $416,785.80. Following the sale, the chief financial officer directly owned 12,672 shares in the company, valued at $3,500,006.40. This trade represents a 10.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 700,710 shares of company stock valued at $132,153,501.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NBIS shares. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $200.00 to $250.00 in a research report on Monday, May 18th. Citigroup increased their target price on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. BNP Paribas Exane started coverage on shares of Nebius Group in a research note on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price objective for the company. Finally, Cantor Fitzgerald began coverage on shares of Nebius Group in a research report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 target price on the stock. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Price Performance

NBIS stock opened at $240.30 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a 1 year low of $43.89 and a 1 year high of $299.86. The firm has a market cap of $60.80 billion, a P/E ratio of 77.52 and a beta of 4.03. The stock has a 50-day simple moving average of $211.62 and a 200-day simple moving average of $139.75.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.54. The firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The firm’s revenue for the quarter was up 684.0% compared to the same quarter last year. On average, equities analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Nebius Group 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.