Hartford Investment Management Co. Acquires Shares of 2,551 Nebius Group N.V. $NBIS

Posted by Brian Himes on May 17th, 2026

Hartford Investment Management Co. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,551 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orbis Allan Gray Ltd raised its stake in Nebius Group by 12.4% during the second 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 grew its stake in shares of Nebius Group by 33.4% in the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after buying an additional 2,536,832 shares in the last quarter. Jericho Capital Asset Management L.P. grew its stake in shares of Nebius Group by 55.7% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock worth $517,284,000 after buying an additional 1,648,497 shares in the last quarter. Rovida Investment Management Ltd grew its stake in shares of Nebius Group by 26.0% in the 3rd quarter. Rovida Investment Management Ltd now owns 2,193,647 shares of the company’s stock worth $246,193,000 after buying an additional 453,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Nebius Group in the 3rd quarter worth $238,511,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CRO Marc Boroditsky sold 4,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $160.10, for a total value of $720,450.00. Following the completion of the sale, the executive directly owned 42,162 shares in the company, valued at $6,750,136.20. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Elena Bunina sold 10,894 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the sale, the director owned 10,772 shares of the company’s stock, valued at approximately $2,228,403.64. This represents a 50.28% 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. Insiders have sold 657,335 shares of company stock valued at $121,545,984 in the last three months.

Wall Street Analysts Forecast Growth

NBIS has been the subject of a number of recent research reports. DA Davidson lifted their price objective on shares of Nebius Group from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings raised shares of Nebius Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Citigroup lifted their price objective on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research initiated coverage on shares of Nebius Group in a research note on Thursday, April 16th. They issued a “peer perform” rating for the company. Finally, Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group presently has an average rating of “Moderate Buy” and an average target price of $182.75.

Read Our Latest Stock Report on Nebius Group

Key Stories Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

Positive Sentiment: Citi raised its price target on Nebius Group to $287 from $169 and kept a buy rating, signaling confidence in further upside after the company’s strong AI infrastructure growth and earnings beat. Benzinga article
Positive Sentiment: Multiple articles highlighted Nebius’ Q1 results, including 684% year-over-year revenue growth, improved AI cloud economics, and a rapidly expanding contracted capacity pipeline, which are fueling bullish sentiment around the stock. Yahoo Finance article
Positive Sentiment: Analysts from DA Davidson, Citizens JMP, Goldman Sachs, and Morgan Stanley all revisited or raised their forecasts after the quarter, reinforcing the view that Nebius is emerging as a major AI infrastructure player. Yahoo Finance article
Neutral Sentiment: Nebius’ new Missouri AI factory and broader gigawatt-scale buildout are giving investors tangible progress to track, but they also imply significant capital spending and execution risk as the company scales. Yahoo Finance article
Neutral Sentiment: One director sold shares under a pre-arranged trading plan, which is not necessarily a negative signal but may catch investor attention after the stock’s sharp move higher. InsiderTrades filing
Negative Sentiment: Some commentary argues NBIS may be overbought after its sharp rally, and Morgan Stanley’s $144 target remains well below the current trading level, suggesting valuation concerns could lead to volatility. TheStreet article

Nebius Group Stock Down 0.5%

Shares of NBIS opened at $219.94 on Friday. The company has a market cap of $55.65 billion, a PE ratio of 70.95 and a beta of 4.03. The business has a fifty day moving average of $138.08 and a 200 day moving average of $111.08. Nebius Group N.V. has a 52-week low of $34.72 and a 52-week high of $233.73. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Nebius Group (NASDAQ:NBIS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. The company had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a negative return on equity of 10.59% and a net margin of 95.27%.Nebius Group’s quarterly revenue was up 684.0% on a year-over-year basis. On average, sell-side analysts expect that Nebius Group N.V. will post -2.33 EPS for the current year.

Nebius Group Company Profile

(Free Report)

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.