Nebius Group N.V. $NBIS Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 1,095.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,046,799 shares of the company’s stock after buying an additional 1,875,612 shares during the period. Geode Capital Management LLC’s holdings in Nebius Group were worth $169,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd boosted its stake in Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after purchasing an additional 1,949,708 shares in the last quarter. Fred Alger Management LLC boosted its stake in Nebius Group by 33.4% during 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 purchasing an additional 2,536,832 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in Nebius Group by 55.7% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after purchasing an additional 1,648,497 shares in the last quarter. Accel Leaders 3 Associates L.P. bought a new position in Nebius Group during the 4th quarter valued at $188,496,000. Finally, Rovida Investment Management Ltd boosted its stake in Nebius Group by 26.0% during the 3rd quarter. Rovida Investment Management Ltd now owns 2,193,647 shares of the company’s stock valued at $246,193,000 after purchasing an additional 453,000 shares in the last quarter. 21.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NBIS has been the subject of a number of research reports. Compass Point initiated coverage on Nebius Group in a research note on Wednesday, February 18th. They set a “buy” rating and a $150.00 price target for the company. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Cantor Fitzgerald initiated coverage on Nebius Group in a research note on Thursday, April 9th. They set an “overweight” rating and a $129.00 price target for the company. Morgan Stanley raised their price objective on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Bank of America raised their price objective on Nebius Group from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.31.

Nebius Group Stock Performance

NBIS opened at $251.68 on Thursday. The firm has a market cap of $63.68 billion, a PE ratio of 81.19 and a beta of 4.03. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $167.32 and a 200-day simple moving average of $121.00. Nebius Group N.V. has a fifty-two week low of $37.12 and a fifty-two week high of $278.84.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.54. The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.Nebius Group’s quarterly revenue was up 684.0% on a year-over-year basis. As a group, equities analysts predict that Nebius Group N.V. will post -1.92 EPS for the current fiscal year.

Insider Buying and Selling at Nebius Group

In other news, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $416,785.80. Following the completion of the sale, the chief financial officer owned 12,672 shares in the company, valued at $3,500,006.40. This represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Boaz Tal sold 5,100 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $199.39, for a total value of $1,016,889.00. Following the completion of the sale, the general counsel directly owned 80,754 shares of the company’s stock, valued at approximately $16,101,540.06. This trade represents a 5.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 679,220 shares of company stock worth $126,934,965.

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.