J. Safra Sarasin Holding AG Invests $442,000 in Nebius Group N.V. $NBIS

J. Safra Sarasin Holding AG purchased a new position in Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,985 shares of the company’s stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scientech Research LLC purchased a new stake in shares of Nebius Group in the first quarter worth about $869,000. PFG Investments LLC purchased a new stake in Nebius Group in the first quarter valued at approximately $860,000. SeaCrest Wealth Management LLC purchased a new stake in Nebius Group in the first quarter valued at approximately $453,000. DekaBank Deutsche Girozentrale purchased a new stake in Nebius Group in the first quarter valued at approximately $8,519,000. Finally, Colonial River Investments LLC purchased a new stake in Nebius Group in the first quarter valued at approximately $330,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NBIS. DA Davidson reaffirmed a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research note on Saturday, September 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group presently has a consensus rating of “Buy” and a consensus target price of $91.20.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $127.98 on Friday. The stock has a market cap of $30.17 billion, a P/E ratio of -224.53 and a beta of 3.45. The firm’s fifty day simple moving average is $79.50 and its 200 day simple moving average is $51.53. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $132.98. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to analysts’ expectations of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. As a group, research analysts predict that Nebius Group N.V. will post -1.1 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.