The Manufacturers Life Insurance Company lowered its holdings in Nebius Group N.V. (NASDAQ:NBIS – Free Report) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,802 shares of the company’s stock after selling 11,866 shares during the period. The Manufacturers Life Insurance Company’s holdings in Nebius Group were worth $6,931,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in NBIS. Quantinno Capital Management LP increased its stake in Nebius Group by 42.4% in the first quarter. Quantinno Capital Management LP now owns 3,774 shares of the company’s stock valued at $392,000 after purchasing an additional 1,124 shares during the last quarter. Gullane Capital LLC acquired a new stake in Nebius Group in the 1st quarter worth about $208,000. Union Square Park Capital Management LLC purchased a new stake in Nebius Group in the 1st quarter valued at about $3,113,000. Lombard Odier Asset Management Switzerland SA purchased a new stake in Nebius Group in the 1st quarter valued at about $1,087,000. Finally, Wealth Alliance LLC increased its stake in shares of Nebius Group by 1.6% during 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 during the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Nebius Group news, Director Elena Bunina sold 10,894 shares of Nebius Group stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total transaction of $2,253,641.78. Following the transaction, the director directly owned 10,772 shares of the company’s stock, valued at $2,228,403.64. The trade was a 50.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 46,627 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 821,662 shares of the company’s stock, valued at approximately $193,460,317.90. This represents a 5.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 651,704 shares of company stock valued at $137,422,230 over the last quarter.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on NBIS
Nebius Group Stock Performance
Nebius Group stock opened at $218.99 on Thursday. The company has a market cap of $55.41 billion, a price-to-earnings ratio of 70.64 and a beta of 4.23. Nebius Group N.V. has a 12 month low of $53.95 and a 12 month high of $299.86. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. The stock’s 50-day moving average is $226.02 and its 200-day moving average is $162.70.
Nebius Group (NASDAQ:NBIS – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.58. The business had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The company’s revenue was up 684.0% compared to the same quarter last year. Equities analysts anticipate that Nebius Group N.V. will post -1.54 earnings per share for the current year.
Nebius Group News Roundup
Here are the key news stories impacting Nebius Group this week:
- Positive Sentiment: Citigroup maintained a Buy rating on NBIS despite trimming its price target to $278 from $287, implying substantial potential upside from recent trading levels. Citigroup lowers Nebius price target and maintains Buy rating
- Positive Sentiment: Nebius appointed Lindsey Irvine as chief marketing officer. Her prior experience at Square, Benchling and MuleSoft could support the company’s global go-to-market efforts as it expands its AI-cloud business following record growth. Nebius appoints Lindsey Irvine as Chief Marketing Officer
- Positive Sentiment: A reported “Power Inflow” trading signal pointed to elevated institutional and retail buying interest, while broader enthusiasm for AI infrastructure remains supportive of neocloud stocks. Nebius Shares Rise After Key Trading Signal
Nebius Group Company Profile
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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