Lazard Asset Management LLC Sells 83,561 Shares of Nebius Group N.V. $NBIS

Lazard Asset Management LLC cut its position in Nebius Group N.V. (NASDAQ:NBIS) by 89.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,786 shares of the company’s stock after selling 83,561 shares during the period. Lazard Asset Management LLC’s holdings in Nebius Group were worth $1,015,000 at the end of the most recent reporting period.

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

Nebius Group Stock Performance

Shares of NASDAQ NBIS opened at $218.99 on Thursday. The stock has a 50 day moving average price of $226.02 and a 200 day moving average price of $162.70. Nebius Group N.V. has a 52 week low of $53.95 and a 52 week high of $299.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The stock has a market capitalization of $55.41 billion, a PE ratio of 70.64 and a beta of 4.23.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.81) by $0.58. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm’s quarterly revenue was up 684.0% compared to the same quarter last year. Analysts predict that Nebius Group N.V. will post -1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

NBIS has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Citizens Jmp increased their target price on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Cantor Fitzgerald began coverage on shares of Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 target price on the stock. Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.64.

More Nebius Group News

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Citigroup maintained a Buy rating on NBIS despite trimming its price target to $278 from $287, implying substantial potential upside from recent trading levels. Citigroup lowers Nebius price target and maintains Buy rating
• Positive Sentiment: Nebius appointed Lindsey Irvine as chief marketing officer. Her prior experience at Square, Benchling and MuleSoft could support the company’s global go-to-market efforts as it expands its AI-cloud business following record growth. Nebius appoints Lindsey Irvine as Chief Marketing Officer
• Positive Sentiment: A reported “Power Inflow” trading signal pointed to elevated institutional and retail buying interest, while broader enthusiasm for AI infrastructure remains supportive of neocloud stocks. Nebius Shares Rise After Key Trading Signal

Insider Transactions at Nebius Group

In related news, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the sale, the chief technology officer owned 274,763 shares of the company’s stock, valued at approximately $64,692,948.35. The trade was a 5.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrey Korolenko sold 500,000 shares of Nebius Group stock in a transaction dated 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 sale, the insider directly owned 585,209 shares of the company’s stock, valued at $118,937,877.16. The trade was a 46.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 651,704 shares of company stock valued at $137,422,230.

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.