JTC Employer Solutions Trustee Ltd Purchases 6,400 Shares of Nebius Group N.V. $NBIS

JTC Employer Solutions Trustee Ltd grew its stake in shares of Nebius Group N.V. (NASDAQ:NBISFree Report) by 82.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,187 shares of the company’s stock after buying an additional 6,400 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Nebius Group were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NBIS. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Nebius Group by 34,371.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock worth $7,848,000 after acquiring an additional 93,490 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Nebius Group by 123.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock worth $3,760,000 after acquiring an additional 18,533 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Nebius Group in the 4th quarter worth about $24,756,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nebius Group by 52.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,169 shares of the company’s stock worth $9,674,000 after acquiring an additional 29,494 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in shares of Nebius Group in the 4th quarter worth about $1,401,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Morgan Stanley upped their target price on shares of Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wolfe Research initiated coverage on shares of Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating on the stock. Finally, Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.75.

View Our Latest Report on Nebius Group

Insider Activity

In other Nebius Group news, CRO Marc Boroditsky sold 4,500 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $217.55, for a total value of $978,975.00. Following the completion of the sale, the executive owned 37,662 shares in the company, valued at approximately $8,193,368.10. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 500,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the sale, the insider owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. This trade represents a 46.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 666,935 shares of company stock worth $123,541,848.

Nebius Group Trading Up 8.6%

NASDAQ:NBIS opened at $226.34 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The firm has a market cap of $57.27 billion, a price-to-earnings ratio of 73.01 and a beta of 4.03. Nebius Group N.V. has a 52 week low of $34.72 and a 52 week high of $233.73. The firm has a 50-day moving average price of $156.60 and a two-hundred day moving average price of $116.69.

Nebius Group (NASDAQ:NBISGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.77) by $0.54. The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. On average, equities analysts expect that Nebius Group N.V. will post -2.33 earnings per share for the current fiscal year.

Nebius Group News Roundup

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

Nebius Group 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.

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Want to see what other hedge funds are holding NBIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nebius Group N.V. (NASDAQ:NBISFree Report).

Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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