Nwam LLC Invests $5.19 Million in Nebius Group N.V. $NBIS

Nwam LLC acquired a new position in Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,791 shares of the company’s stock, valued at approximately $5,189,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group in the second quarter valued at about $1,012,097,322. State Street Corp raised its position in shares of Nebius Group by 2,391.3% in the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares during the last quarter. Capital Research Global Investors acquired a new stake in Nebius Group in the 4th quarter worth approximately $231,635,000. Jennison Associates LLC grew its position in Nebius Group by 134.3% during the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after purchasing an additional 2,283,676 shares during the last quarter. Finally, Accel Leaders 3 Associates L.P. acquired a new position in Nebius Group during the 2nd quarter valued at approximately $621,908,604. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Trading Down 1.4%

Shares of NBIS stock opened at $206.32 on Tuesday. Nebius Group N.V. has a 1-year low of $63.26 and a 1-year high of $299.86. The company has a market cap of $52.20 billion, a price-to-earnings ratio of -6,875.04 and a beta of 4.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. The stock has a 50 day simple moving average of $216.41 and a 200-day simple moving average of $179.08.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.55. The company had revenue of $582.30 million for the quarter, compared to analysts’ expectations of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.Nebius Group’s revenue was up 454% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. On average, equities research analysts expect that Nebius Group N.V. will post -3.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on NBIS. Citizens Jmp lifted their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Freedom Capital upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Citigroup lifted their price target on Nebius Group from $278.00 to $324.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Piper Sandler began coverage on shares of Nebius Group in a report on Monday, August 3rd. They issued a “neutral” rating and a $224.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Nebius Group from $250.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group has an average rating of “Moderate Buy” and an average target price of $226.00.

Insiders Place Their Bets

In other news, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the transaction, the chief executive officer directly owned 821,662 shares in the company, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Danila Shtan sold 16,937 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 174,221 shares of company stock valued at $42,871,270.

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.