Andra AP fonden Lowers Stake in Nebius Group N.V. $NBIS

Andra AP fonden lowered its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 32.1% during the 1st quarter, HoldingsChannel reports. The fund owned 35,254 shares of the company’s stock after selling 16,660 shares during the period. Andra AP fonden’s holdings in Nebius Group were worth $3,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Nebius Group by 2.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock valued at $309,000 after purchasing an additional 79 shares in the last quarter. WPG Advisers LLC boosted its position in shares of Nebius Group by 3.6% in the 1st quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock worth $290,000 after purchasing an additional 98 shares in the last quarter. Vermillion Wealth Management Inc. grew its stake in shares of Nebius Group by 20.0% in the 1st quarter. Vermillion Wealth Management Inc. now owns 600 shares of the company’s stock worth $62,000 after buying an additional 100 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Nebius Group by 62.5% in the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Finally, Calton & Associates Inc. grew its stake in shares of Nebius Group by 2.7% in the 4th quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock worth $400,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Insider Activity

In other news, insider Andrey Korolenko sold 33,871 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 551,338 shares in the company, valued at $129,812,532.10. This represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Wilson Iv Boynton sold 5,812 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the sale, the director directly owned 378,665 shares of the company’s stock, valued at approximately $95,912,057.85. This represents a 1.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 668,405 shares of company stock worth $140,422,170.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NBIS shares. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Citizens Jmp raised their price target on Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a report on Thursday, May 14th. Bank of America upped their price target on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Zacks Research upgraded shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Freedom Capital raised shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.15.

Key Stories Impacting Nebius Group

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

• Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $250 price target, adding another bullish analyst call to the stock’s recent momentum. Benzinga article
• Positive Sentiment: Northland Securities raised its price target to $410, reinforcing the view that Nebius may still have significant upside if AI infrastructure demand keeps accelerating. Northland Securities Boosts Nebius Group (NASDAQ:NBIS) Price Target to $410.00
• Positive Sentiment: Freedom Capital Markets upgraded Nebius from hold to strong-buy, which further boosted sentiment around the stock. Zacks.com article
• Positive Sentiment: Multiple reports highlighted Nvidia’s 9.3% stake in Nebius as a strong vote of confidence in the company’s AI cloud strategy, helping extend the stock’s rally. CNBC article
• Positive Sentiment: Nebius also benefited from attention on its $775 million debt facility, which supports expansion without relying as heavily on equity dilution. Zacks article
• Neutral Sentiment: One article noted the chairman sold a small block of shares, but the transaction was limited and does not appear to change the broader bullish thesis. Motley Fool article

Nebius Group Trading Up 0.6%

Shares of NASDAQ:NBIS opened at $218.16 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. Nebius Group N.V. has a 1 year low of $50.00 and a 1 year high of $299.86. The company has a market cap of $55.20 billion, a P/E ratio of 70.37 and a beta of 4.10. The stock’s fifty day moving average price is $228.94 and its 200-day moving average price is $155.95.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. Sell-side analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current year.

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.