Cygnus Capital Advisors LLC Decreases Stock Position in Nebius Group N.V. $NBIS

Cygnus Capital Advisors LLC decreased its position in Nebius Group N.V. (NASDAQ:NBIS) by 36.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,800 shares of the company’s stock after selling 9,200 shares during the quarter. Nebius Group accounts for about 2.9% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Cygnus Capital Advisors LLC’s holdings in Nebius Group were worth $4,363,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of Nebius Group by 23,011.0% during the second quarter. California State Teachers Retirement System now owns 62,163,381 shares of the company’s stock worth $17,167,661,000 after purchasing an additional 61,894,404 shares in the last quarter. Situational Awareness LP acquired a new stake in Nebius Group during the 2nd quarter valued at $1,232,895,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group during the 2nd quarter valued at $1,012,097,322. State Street Corp increased its stake in Nebius Group by 2,391.3% during the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock worth $269,474,000 after buying an additional 3,090,103 shares during the period. Finally, Capital Research Global Investors purchased a new stake in shares of Nebius Group during the fourth quarter worth about $231,635,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Insider Buying and Selling at Nebius Group

In related news, insider Andrey Korolenko sold 33,871 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 value of $7,974,926.95. Following the sale, the insider directly owned 551,338 shares in the company, valued at $129,812,532.10. This trade represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 821,662 shares of the company’s stock, valued at $193,460,317.90. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 159,013 shares of company stock valued at $39,216,975.

Nebius Group Stock Performance

Shares of NASDAQ NBIS opened at $226.39 on Tuesday. Nebius Group N.V. has a 12-month low of $63.26 and a 12-month high of $299.86. The company has a market cap of $57.28 billion, a price-to-earnings ratio of -7,543.82 and a beta of 4.23. 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’s 50 day simple moving average is $211.89 and its 200 day simple moving average is $183.27.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price objective on Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Northland Securities increased their target price on Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Bank of America raised their price target on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Citigroup lifted their price target on shares of Nebius Group from $278.00 to $324.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and an average price target of $226.00.

About Nebius Group

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.