Lombard Odier Asset Management Switzerland SA Takes $1.09 Million Position in Nebius Group N.V. $NBIS

Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBISFree Report) during the first quarter, Holdings Channel reports. The firm purchased 10,480 shares of the company’s stock, valued at approximately $1,087,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wealth Alliance LLC raised its holdings in Nebius Group by 1.6% in the 1st quarter. Wealth Alliance LLC now owns 5,008 shares of the company’s stock valued at $520,000 after acquiring an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Nebius Group by 6.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 20,828 shares of the company’s stock worth $2,161,000 after purchasing an additional 1,225 shares in the last quarter. Siren L.L.C. grew its holdings in shares of Nebius Group by 49.1% during the 1st quarter. Siren L.L.C. now owns 113,614 shares of the company’s stock worth $11,789,000 after purchasing an additional 37,396 shares in the last quarter. Cloverfields Capital Group LP bought a new position in shares of Nebius Group in the first quarter worth $1,233,000. Finally, Inceptionr LLC bought a new position in shares of Nebius Group in the first quarter worth $363,000. Institutional investors own 21.90% of the company’s stock.

Insider Activity

In other news, CTO Danila Shtan sold 16,937 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the transaction, the chief technology officer directly owned 274,763 shares in the company, valued at $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrey Korolenko sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total value of $101,620,000.00. Following the transaction, the insider owned 585,209 shares of the company’s stock, valued at $118,937,877.16. This trade represents a 46.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 668,405 shares of company stock worth $140,422,170.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Nebius Group in a research report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price objective for the company. Robert W. Baird began coverage on shares of Nebius Group in a research report on Wednesday, July 22nd. They issued an “outperform” rating and a $250.00 target price for the company. Bank of America boosted their target price on shares of Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 8th. BNP Paribas Exane initiated coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price target for the company. Finally, DA Davidson lowered shares of Nebius Group from a “buy” rating to a “neutral” rating and increased their price target for the stock from $200.00 to $250.00 in a research report on Monday, May 18th. 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 data from MarketBeat, Nebius Group currently has a consensus rating of “Moderate Buy” and an average price target of $222.15.

Check Out Our Latest Report on Nebius Group

Nebius Group Price Performance

Shares of NBIS opened at $187.88 on Tuesday. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The stock has a market cap of $47.54 billion, a PE ratio of 60.61 and a beta of 4.10. Nebius Group N.V. has a 12-month low of $50.00 and a 12-month high of $299.86. The business has a 50-day simple moving average of $228.05 and a two-hundred day simple moving average of $158.16.

Nebius Group (NASDAQ:NBISGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The firm’s quarterly revenue was up 684.0% on a year-over-year basis. Analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.

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.

Further Reading

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

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