Nebius Group N.V. $NBIS Position Reduced by Fred Alger Management LLC

Fred Alger Management LLC trimmed its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,937,903 shares of the company’s stock after selling 2,194,376 shares during the quarter. Nebius Group makes up 2.6% of Fred Alger Management LLC’s portfolio, making the stock its 11th biggest position. Fred Alger Management LLC’s holdings in Nebius Group were worth $664,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust bought a new position in shares of Nebius Group in the 4th quarter worth about $25,000. Root Financial Partners LLC bought a new position in shares of Nebius Group in the 4th quarter worth about $26,000. Blue Trust Inc. lifted its position in shares of Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after buying an additional 141 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Nebius Group in the 3rd quarter worth about $54,000. 21.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NBIS. 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 raised their price target on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald began coverage on shares of Nebius Group in a research report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target on the stock. Compass Point began coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price target on the stock. Finally, BWS Financial raised their price target on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.25.

Nebius Group Stock Up 1.9%

NBIS stock opened at $265.10 on Wednesday. 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 fifty-two week low of $43.89 and a fifty-two week high of $278.84. The firm’s 50-day simple moving average is $190.62 and its 200 day simple moving average is $130.29. The stock has a market cap of $67.08 billion, a PE ratio of 85.52 and a beta of 4.03.

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 analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The company’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, sell-side analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Key Nebius Group News

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

• Positive Sentiment: Nebius closed its acquisition of Eigen AI, expanding its full-stack AI cloud platform and integrating Eigen’s optimization technology into Nebius Token Factory. Nebius Closes the $643 Million Eigen AI Deal
• Positive Sentiment: The company’s upcoming addition to the Nasdaq-100 is likely fueling index-fund and ETF buying ahead of the June 22 effective date. Why is Nebius stock rising today?
• Positive Sentiment: Analysts remain constructive overall, with recent price-target increases and a consensus “Moderate Buy” rating supporting the bullish narrative. Nebius Group N.V. (NBIS) a Moderate Buy, Per Wall Street
• Neutral Sentiment: A director sold 5,812 shares in a pre-arranged Rule 10b5-1 transaction; while worth noting, the sale appears routine and does not necessarily signal a change in outlook. Nebius Group Director John Wilson Iv Boynton Sells 5,812 Shares

Insiders Place Their Bets

In related news, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $416,785.80. Following the sale, the chief financial officer owned 12,672 shares of the company’s stock, valued at $3,500,006.40. This trade represents a 10.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Danila Shtan sold 15,678 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the completion of the sale, the chief technology officer directly owned 291,700 shares in the company, valued at approximately $69,704,632. This trade represents a 5.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 700,710 shares of company stock worth $132,153,501.

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.