California Public Employees Retirement System Has $24.94 Million Stake in Nebius Group N.V. $NBIS

California Public Employees Retirement System raised its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 380.8% in the first quarter, Holdings Channel reports. The fund owned 240,388 shares of the company’s stock after buying an additional 190,388 shares during the quarter. California Public Employees Retirement System’s holdings in Nebius Group were worth $24,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Nebius Group by 34,371.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock worth $7,848,000 after acquiring an additional 93,490 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Nebius Group in the 4th quarter valued at $24,756,000. Nordea Investment Management AB bought a new stake in Nebius Group in the 4th quarter valued at $1,401,000. Geode Capital Management LLC grew its position in Nebius Group by 1,095.7% in the 4th quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock worth $169,840,000 after purchasing an additional 1,875,612 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Nebius Group in the 1st quarter worth $735,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nebius Group news, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the transaction, the chief technology officer owned 274,763 shares in the company, valued at approximately $64,692,948.35. The trade was a 5.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrey Korolenko sold 33,871 shares of Nebius Group stock in a transaction 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 completion of the transaction, the insider owned 551,338 shares of the company’s stock, valued at approximately $129,812,532.10. The trade was a 5.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 668,405 shares of company stock worth $140,422,170.

Analyst Ratings Changes

NBIS has been the topic of several research reports. Freedom Capital upgraded shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday. Citigroup lifted their target price on Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and boosted their price target for the company from $200.00 to $250.00 in a research note on Monday, May 18th. BNP Paribas Exane began coverage on Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 price target for the company. Finally, Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.15.

Nebius Group Stock Up 0.6%

Shares of NASDAQ:NBIS opened at $218.16 on Thursday. The company’s fifty day moving average is $228.94 and its 200-day moving average is $155.95. 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 $50.00 and a 52 week high of $299.86. The company has a market capitalization of $55.20 billion, a PE ratio of 70.37 and a beta of 4.10.

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 the consensus estimate of ($0.81) by $0.58. The firm had revenue of $399.00 million during 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 firm’s quarterly revenue was up 684.0% compared to the same quarter last year. Equities research analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

Trending Headlines about 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 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.