2,086 Shares in Nebius Group N.V. $NBIS Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the first quarter, HoldingsChannel.com reports. The firm bought 2,086 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NBIS. State Street Corp lifted its stake in Nebius Group by 2,391.3% in the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Nebius Group during the fourth quarter worth $231,635,000. Fred Alger Management LLC lifted its stake in shares of Nebius Group by 33.4% in the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after acquiring an additional 2,536,832 shares during the last quarter. Accel Leaders 3 Associates L.P. acquired a new stake in shares of Nebius Group during the 4th quarter valued at $188,496,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Nebius Group during the 3rd quarter valued at $238,511,000. Institutional investors own 21.90% of the company’s stock.

Insider Activity

In other Nebius Group news, insider Andrey Korolenko sold 500,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the sale, the insider directly owned 585,209 shares in the company, valued at approximately $118,937,877.16. This trade represents a 46.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Danila Shtan sold 15,678 shares of Nebius Group stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $238.96, for a total value of $3,746,414.88. Following the completion of the transaction, the chief technology officer directly owned 291,700 shares of the company’s stock, valued at approximately $69,704,632. This trade represents a 5.10% decrease in their ownership of the stock. 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 have sold 626,887 shares of company stock worth $124,696,143 in the last three months.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Bank of America lifted their price target on Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Citizens Jmp boosted their price target on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday, May 14th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Wolfe Research started coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating for the company. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Nebius Group currently has a consensus rating of “Moderate Buy” and an average target price of $203.25.

Nebius Group Stock Up 5.8%

Nebius Group stock opened at $276.17 on Wednesday. The firm has a market cap of $69.88 billion, a price-to-earnings ratio of 89.09 and a beta of 4.03. Nebius Group N.V. has a 52-week low of $43.89 and a 52-week high of $299.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The firm has a 50 day moving average price of $215.92 and a two-hundred day moving average price of $142.48.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating 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 company had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group’s quarterly revenue was up 684.0% on a year-over-year basis. Equities analysts predict that Nebius Group N.V. will post -1.91 EPS 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.