Faithward Advisors LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,570 shares of the company’s stock, valued at approximately $1,471,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nebius Group by 34,371.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,762 shares of the company’s stock valued at $7,848,000 after purchasing an additional 93,490 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Nebius Group in the fourth quarter valued at about $24,756,000. Nordea Investment Management AB bought a new stake in Nebius Group in the fourth quarter valued at about $1,401,000. Geode Capital Management LLC increased its holdings in Nebius Group by 1,095.7% in the fourth quarter. Geode Capital Management LLC now owns 2,046,799 shares of the company’s stock valued at $169,840,000 after purchasing an additional 1,875,612 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in Nebius Group in the fourth quarter valued at about $8,111,000. Institutional investors own 21.90% of the company’s stock.
Nebius Group Stock Up 11.9%
Shares of Nebius Group stock opened at $260.07 on Tuesday. Nebius Group N.V. has a 1 year low of $43.89 and a 1 year high of $278.84. The business has a 50-day moving average of $187.49 and a two-hundred day moving average of $129.09. The company has a market capitalization of $65.80 billion, a P/E ratio of 83.89 and a beta of 4.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on NBIS. Citigroup upped their price objective on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Morgan Stanley increased their price target on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Cantor Fitzgerald initiated coverage on Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target for the company. Finally, Citizens Jmp increased their price target on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.
View Our Latest Analysis on NBIS
Insider Activity at Nebius Group
In other news, CEO Arkadiy Volozh sold 33,358 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $103.73, for a total transaction of $3,460,225.34. Following the completion of the transaction, the chief executive officer directly owned 868,289 shares of the company’s stock, valued at $90,067,617.97. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Marc Boroditsky sold 10,776 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $2,976,331.20. Following the transaction, the executive directly owned 26,886 shares of the company’s stock, valued at $7,425,913.20. This represents a 28.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 700,710 shares of company stock valued at $132,153,501 over the last ninety days.
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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