Vestcor Inc purchased a new position in Nebius Group N.V. (NASDAQ:NBIS – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,027 shares of the company’s stock, valued at approximately $253,000.
A number of other large investors have also recently made changes to their positions in NBIS. Royal Bank of Canada bought a new stake in Nebius Group during the first quarter valued at approximately $1,628,000. Millennium Management LLC purchased a new stake in Nebius Group during the first quarter valued at approximately $11,563,000. NewEdge Advisors LLC purchased a new stake in Nebius Group during the first quarter valued at approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Nebius Group during the first quarter valued at approximately $9,084,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Nebius Group during the second quarter valued at approximately $68,000. 21.90% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
NBIS has been the subject of a number of research reports. Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley upped their target price on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. BWS Financial upped their target price on shares of Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a report on Monday, March 16th. Bank of America upped their target price on shares of Nebius Group from $240.00 to $280.00 and gave the company a “buy” rating in a report on Monday. Finally, Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.25.
Insiders Place Their Bets
In other Nebius Group news, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total value of $101,620,000.00. Following the completion of the transaction, the insider directly owned 585,209 shares in the company, valued at $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Marc Boroditsky sold 10,776 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the completion of the transaction, the executive owned 26,886 shares of the company’s stock, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 694,898 shares of company stock valued at $130,681,379.
Key Nebius Group News
Here are the key news stories impacting Nebius Group this week:
- Positive Sentiment: Nebius launched a NVIDIA-backed Physical AI Living Lab aimed at robotics startups, highlighting deeper strategic ties to a key AI chip leader and lifting investor optimism. Nebius Shares Jump After NVIDIA-Backed AI Lab Launch
- Positive Sentiment: The company announced a £1.7 billion UK AI infrastructure expansion, adding NVIDIA-powered capacity and strengthening its long-term growth and revenue potential. Nebius Group’s £1.7 Billion UK Expansion Fuels Bullish Case Despite the Pullback
- Positive Sentiment: Bank of America Securities reportedly initiated/maintained a Buy rating, which supports the bullish case for NBIS shares. Nebius Group (NBIS) Receives a Buy from Bank of America Securities
- Neutral Sentiment: Commentary pieces highlighted Nebius as a fast-growing AI infrastructure company outpacing expectations, but these were largely reiterations of the company’s existing growth narrative. 2 Artificial Intelligence (AI) Infrastructure Stocks Outgrowing Nvidia
- Negative Sentiment: Some analysts remain cautious, with at least one downgrade noting valuation risk and the possibility that heavy spending, dilution, and future AI capex slowdowns could pressure the stock. Nebius: Please Don’t Push It Off The Cliff (Rating Downgrade)
Nebius Group Stock Performance
NBIS opened at $211.69 on Thursday. The firm has a market cap of $53.56 billion, a P/E ratio of 68.29 and a beta of 4.03. Nebius Group N.V. has a 1-year low of $43.89 and a 1-year high of $278.84. The company has a 50 day simple moving average of $179.49 and a two-hundred day simple moving average of $125.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.
Nebius Group (NASDAQ:NBIS – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. The business 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%. Nebius Group’s revenue was up 684.0% on a year-over-year basis. Equities analysts forecast that Nebius Group N.V. will post -1.91 earnings per share for the current fiscal year.
Nebius Group 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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