Saxon Interests Inc. Invests $299,000 in Nebius Group N.V. $NBIS

Saxon Interests Inc. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBISFree Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,879 shares of the company’s stock, valued at approximately $299,000.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Nebius Group by 34,371.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock valued at $7,848,000 after acquiring an additional 93,490 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Nebius Group during the fourth quarter worth approximately $24,756,000. Nordea Investment Management AB acquired a new position in shares of Nebius Group during the fourth quarter worth approximately $1,401,000. Geode Capital Management LLC grew its stake in shares of Nebius Group by 1,095.7% during the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock valued at $169,840,000 after purchasing an additional 1,875,612 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Nebius Group during the fourth quarter valued at approximately $8,111,000. Institutional investors own 21.90% of the company’s stock.

Wall Street Analyst Weigh In

NBIS has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Cantor Fitzgerald started coverage on Nebius Group in a research report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective on the stock. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Wolfe Research began coverage on Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating for the company. Finally, DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $200.00 to $250.00 in a research note on Monday, May 18th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $203.25.

Check Out Our Latest Research Report on Nebius Group

More Nebius Group News

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

Nebius Group Price Performance

Shares of NBIS stock opened at $216.48 on Thursday. The firm’s 50 day moving average price is $223.20 and its two-hundred day moving average price is $148.02. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a 52-week low of $43.89 and a 52-week high of $299.86. The stock has a market cap of $54.77 billion, a PE ratio of 69.83 and a beta of 4.10.

Nebius Group (NASDAQ:NBISGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.81) by $0.58. The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue was up 684.0% compared to the same quarter last year. As a group, analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Buying and Selling at Nebius Group

In related news, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $10,978,327.15. Following the completion of the sale, the chief executive officer owned 821,662 shares in the company, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Wilson Iv Boynton sold 5,812 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $253.29, for a total value of $1,472,121.48. Following the transaction, the director owned 378,665 shares in the company, valued at approximately $95,912,057.85. This trade represents a 1.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 692,965 shares of company stock valued at $144,150,315 over the last quarter.

Nebius Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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