Kestra Advisory Services LLC Acquires 5,897 Shares of Nebius Group N.V. $NBIS

Kestra Advisory Services LLC boosted its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,964 shares of the company’s stock after buying an additional 5,897 shares during the quarter. Kestra Advisory Services LLC’s holdings in Nebius Group were worth $12,965,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Nebius Group by 16.0% during the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock worth $3,184,591,000 after acquiring an additional 1,593,684 shares in the last quarter. Situational Awareness LP acquired a new stake in shares of Nebius Group during the second quarter worth $1,232,895,000. State Street Corp raised its position in shares of Nebius Group by 16.2% during the second quarter. State Street Corp now owns 4,069,875 shares of the company’s stock worth $1,123,977,000 after purchasing an additional 568,415 shares during the period. Jennison Associates LLC lifted its holdings in shares of Nebius Group by 134.3% during the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock valued at $1,100,233,000 after purchasing an additional 2,283,676 shares during the last quarter. Finally, Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group during the second quarter valued at $1,012,097,322. Institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Performance

Shares of NBIS stock opened at $141.45 on Tuesday. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of -4,713.43 and a beta of 4.63. Nebius Group N.V. has a 1-year low of $73.52 and a 1-year high of $299.86. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $200.34 and its 200-day simple moving average is $177.91.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.55. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%. The firm had revenue of $582.30 million during the quarter, compared to the consensus estimate of $567.91 million. During the same period in the prior year, the business earned $2.38 EPS. The business’s revenue for the quarter was up 454% on a year-over-year basis. On average, sell-side analysts predict that Nebius Group N.V. will post -3.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Wilson Boynton sold 7,260 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $177.63, for a total value of $1,289,593.80. Following the completion of the sale, the director directly owned 403,522 shares of the company’s stock, valued at $71,677,612.86. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 14,546 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $234.16, for a total transaction of $3,406,091.36. Following the sale, the chief technology officer owned 260,217 shares of the company’s stock, valued at approximately $60,932,412.72. This represents a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 1,718 shares of company stock worth $280,207 and have sold 158,823 shares worth $38,168,832.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NBIS shares. Weiss Ratings lowered Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. Citigroup dropped their target price on shares of Nebius Group from $324.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. William Blair assumed coverage on shares of Nebius Group in a report on Wednesday, September 30th. They set an “outperform” rating on the stock. Rothschild & Co Redburn began coverage on shares of Nebius Group in a research report on Monday, September 21st. They issued a “sell” rating and a $84.00 price target for the company. Finally, Northland Securities raised their price objective on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.56.

About Nebius Group

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models.

The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.

Nebius Group was formerly known as Yandex N.V.