Faithward Advisors LLC Purchases Shares of 17,570 Nebius Group N.V. $NBIS

Faithward Advisors LLC purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 17,570 shares of the company’s stock, valued at approximately $1,471,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Orbis Allan Gray Ltd grew its stake in Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after purchasing an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC grew its stake in Nebius Group by 33.4% in the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after purchasing an additional 2,536,832 shares in the last quarter. Jericho Capital Asset Management L.P. grew its stake in Nebius Group by 55.7% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after purchasing an additional 1,648,497 shares in the last quarter. Morgan Stanley grew its stake in Nebius Group by 35.2% in the fourth quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock valued at $310,099,000 after purchasing an additional 964,984 shares in the last quarter. Finally, Clear Street Group Inc. grew its stake in Nebius Group by 95.0% in the fourth quarter. Clear Street Group Inc. now owns 3,511,656 shares of the company’s stock valued at $293,943,000 after purchasing an additional 1,710,924 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NBIS. Cantor Fitzgerald began coverage on Nebius Group in a research note on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target for the company. Citigroup raised their price target on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wolfe Research started coverage on Nebius Group in a research report on Thursday, April 16th. They issued a “peer perform” rating for the company. Freedom Capital cut Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citizens Jmp raised their price objective on Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a research report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group Stock Performance

NBIS opened at $260.07 on Tuesday. The stock has a market cap of $65.80 billion, a price-to-earnings ratio of 83.89 and a beta of 4.03. The business has a 50 day moving average of $187.49 and a 200-day moving average of $129.09. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group N.V. has a 12-month low of $43.89 and a 12-month high of $278.84.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.54. The business had revenue of $399.00 million during the quarter, compared to analysts’ expectations 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 was up 684.0% on a year-over-year basis. On average, equities research analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Buying and Selling at Nebius Group

In related news, General Counsel Boaz Tal sold 5,100 shares of Nebius Group stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $199.39, for a total transaction of $1,016,889.00. Following the completion of the sale, the general counsel directly owned 80,754 shares of the company’s stock, valued at approximately $16,101,540.06. This trade represents a 5.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of Nebius Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $416,785.80. Following the sale, the chief financial officer directly owned 12,672 shares of the company’s stock, valued at approximately $3,500,006.40. The trade was a 10.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 700,710 shares of company stock worth $132,153,501 in the last 90 days.

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.