True Freedom Investing LLC Makes New Investment in Nebius Group N.V. $NBIS

True Freedom Investing LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,278 shares of the company’s stock, valued at approximately $773,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Nebius Group by 16.0% in the second quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock valued at $3,184,591,000 after buying an additional 1,593,684 shares in the last quarter. Situational Awareness LP acquired a new stake in Nebius Group during the 2nd quarter worth $1,232,895,000. State Street Corp boosted its stake in Nebius Group by 16.2% during the 2nd 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 last quarter. Jennison Associates LLC grew 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 worth $1,100,233,000 after buying an additional 2,283,676 shares in the last quarter. Finally, Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group during the second quarter worth $1,012,097,322. 21.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nebius Group

In other Nebius Group news, Director Wilson Boynton sold 333 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $173.07, for a total value of $57,632.31. Following the transaction, the director owned 403,189 shares of the company’s stock, valued at $69,779,920.23. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $211.23, for a total transaction of $1,478,610.00. Following the completion of the sale, the executive directly owned 7,000 shares in the company, valued at $1,478,610. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have purchased 1,718 shares of company stock worth $280,207 and have sold 158,823 shares worth $38,168,832.

Wall Street Analysts Forecast Growth

NBIS has been the topic of a number of recent research reports. Piper Sandler lowered their price target on shares of Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. DA Davidson reiterated a “neutral” rating and issued a $175.00 price objective on shares of Nebius Group in a report on Thursday, August 13th. Freedom Capital raised shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Northland Securities boosted their target price on Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Weiss Ratings cut Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.25.

Nebius Group Price Performance

NBIS stock opened at $154.14 on Monday. Nebius Group N.V. has a one year low of $73.52 and a one year high of $299.86. The firm has a market cap of $39.00 billion, a PE ratio of -5,136.29 and a beta of 4.63. The firm’s 50 day moving average price is $209.70 and its 200-day moving average price is $176.87. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03.

Nebius Group (NASDAQ:NBIS) last posted its earnings results 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 company had revenue of $582.30 million during the quarter, compared to analysts’ expectations of $567.91 million. During the same quarter last year, the firm earned $2.38 earnings per share. The firm’s quarterly revenue was up 454% compared to the same quarter last year. On average, equities research analysts anticipate that Nebius Group N.V. will post -3.19 EPS for the current year.

About Nebius Group

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.