Inceptionr LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,501 shares of the company’s stock, valued at approximately $363,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust acquired a new stake in shares of Nebius Group in the fourth quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in Nebius Group during the fourth quarter worth about $26,000. SHP Wealth Management acquired a new position in Nebius Group during the fourth quarter worth about $26,000. Sound Income Strategies LLC increased its holdings in Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 141 shares in the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.
Nebius Group Stock Performance
Shares of NBIS opened at $187.88 on Tuesday. Nebius Group N.V. has a 12-month low of $50.00 and a 12-month high of $299.86. The stock has a market cap of $47.54 billion, a P/E ratio of 60.61 and a beta of 4.10. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average of $228.05 and a two-hundred day moving average of $158.16.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on NBIS. Citizens Jmp boosted their price target on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Zacks Research raised Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Cantor Fitzgerald began coverage on Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price objective for the company. Morgan Stanley lifted their price objective on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, Wolfe Research started coverage on Nebius Group in a report on Thursday, April 16th. They issued a “peer perform” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.15.
Check Out Our Latest Research Report on Nebius Group
Insider Transactions at Nebius Group
In other Nebius Group news, CEO Arkadiy Volozh sold 46,627 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the completion of the transaction, the chief executive officer owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrey Korolenko sold 33,871 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $7,974,926.95. Following the completion of the transaction, the insider directly owned 551,338 shares of the company’s stock, valued at approximately $129,812,532.10. This trade represents a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 668,405 shares of company stock worth $140,422,170 in the last quarter.
About Nebius Group
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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