Inceptionr LLC Makes New $363,000 Investment in Nebius Group N.V. $NBIS

Inceptionr LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the first quarter, HoldingsChannel reports. The fund purchased 3,501 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Nebius Group by 2.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after acquiring an additional 79 shares during the period. Aspen Grove Capital LLC boosted its holdings in shares of Nebius Group by 3.7% during the first quarter. Aspen Grove Capital LLC now owns 2,522 shares of the company’s stock worth $262,000 after purchasing an additional 89 shares during the last quarter. WPG Advisers LLC grew its position in shares of Nebius Group by 3.6% in the first quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock valued at $290,000 after purchasing an additional 98 shares during the period. Vermillion Wealth Management Inc. grew its position in shares of Nebius Group by 20.0% in the first quarter. Vermillion Wealth Management Inc. now owns 600 shares of the company’s stock valued at $62,000 after purchasing an additional 100 shares during the period. Finally, Sound Income Strategies LLC grew its position in shares of Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Trading Up 0.1%

Shares of NBIS opened at $187.88 on Tuesday. Nebius Group N.V. has a twelve month low of $50.00 and a twelve month high of $299.86. The firm has a market capitalization of $47.54 billion, a P/E ratio of 60.61 and a beta of 4.10. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $228.05 and its 200 day simple moving average is $158.16.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. The firm had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business’s revenue for the quarter was up 684.0% on a year-over-year basis. On average, equities research analysts forecast that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Bank of America lifted their price target on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday, June 8th. Robert W. Baird assumed coverage on shares of Nebius Group in a research note on Wednesday, July 22nd. They set an “outperform” rating and a $250.00 price objective for the company. BNP Paribas Exane initiated coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Morgan Stanley raised their target price on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.15.

Insider Buying and Selling at Nebius Group

In related news, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $416,785.80. Following the completion of the sale, the chief financial officer owned 12,672 shares of the company’s stock, valued at approximately $3,500,006.40. This represents a 10.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer owned 821,662 shares in the company, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 668,405 shares of company stock worth $140,422,170.

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.