Gordian Capital Singapore Pte Ltd Cuts Stock Position in Nebius Group N.V. $NBIS

Gordian Capital Singapore Pte Ltd cut its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 94.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,180 shares of the company’s stock after selling 18,420 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Nebius Group were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Nebius Group by 1,679.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,651,336 shares of the company’s stock worth $185,395,000 after buying an additional 1,558,557 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Nebius Group during the third quarter worth about $1,243,000. Legal & General Group Plc raised its holdings in Nebius Group by 2.2% during the third quarter. Legal & General Group Plc now owns 433,583 shares of the company’s stock worth $48,678,000 after purchasing an additional 9,322 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Nebius Group in the third quarter valued at about $11,520,000. Finally, Inceptionr LLC purchased a new stake in Nebius Group in the 3rd quarter valued at approximately $951,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NBIS. Northland Securities raised their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Citizens Jmp assumed coverage on Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 target price for the company. Compass Point started coverage on shares of Nebius Group in a research note on Wednesday, February 18th. They set a “buy” rating and a $150.00 price target on the stock. DA Davidson reiterated a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Finally, Weiss Ratings cut shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.22.

Nebius Group Stock Performance

Shares of NBIS stock opened at $96.43 on Wednesday. The stock has a fifty day moving average price of $95.58 and a 200 day moving average price of $97.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08. The stock has a market cap of $24.28 billion, a PE ratio of -66.05 and a beta of 4.02. Nebius Group N.V. has a 1 year low of $18.31 and a 1 year high of $141.10.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The firm had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. Sell-side analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

About Nebius Group

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.