Atria Investments Inc Reduces Stock Position in Nebius Group N.V. $NBIS

Atria Investments Inc cut its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 43.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,365 shares of the company’s stock after selling 15,136 shares during the period. Atria Investments Inc’s holdings in Nebius Group were worth $1,071,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in Nebius Group by 186.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after purchasing an additional 19,424 shares during the period. Scientech Research LLC bought a new position in shares of Nebius Group during the first quarter valued at approximately $869,000. MGO One Seven LLC purchased a new stake in shares of Nebius Group in the second quarter worth approximately $255,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Nebius Group during the 1st quarter worth approximately $8,519,000. Finally, Hardy Reed LLC purchased a new position in Nebius Group during the 2nd quarter valued at $365,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

NASDAQ:NBIS opened at $109.44 on Friday. 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 N.V. has a 1-year low of $17.39 and a 1-year high of $141.10. The company has a 50-day moving average of $106.14 and a 200 day moving average of $67.67.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The business had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. Research analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on NBIS shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nebius Group in a research note on Wednesday. DA Davidson restated a “buy” rating and issued a $75.00 price target on shares of Nebius Group in a report on Tuesday, September 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Finally, BWS Financial raised their target price on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $91.20.

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.