Dupree Financial Group LLC grew its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS – Free Report) by 79.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 17,908 shares of the company’s stock after purchasing an additional 7,909 shares during the quarter. Dupree Financial Group LLC’s holdings in Nebius Group were worth $1,858,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of NBIS. Parkside Financial Bank & Trust acquired a new position in shares of Nebius Group during the 4th quarter valued at $25,000. Root Financial Partners LLC bought a new position in Nebius Group during the fourth quarter worth $26,000. SHP Wealth Management acquired a new stake in Nebius Group in the fourth quarter worth $26,000. Blue Trust Inc. grew its holdings in Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 141 shares during the period. Finally, Armstrong Advisory Group Inc. increased its stake in Nebius Group by 500.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.
Analyst Ratings Changes
NBIS has been the topic of several research reports. Cantor Fitzgerald began coverage on shares of Nebius Group in a report on Thursday, April 9th. They set an “overweight” rating and a $129.00 price objective on the stock. DA Davidson downgraded Nebius Group from a “buy” rating to a “neutral” rating and raised their target price for the company from $200.00 to $250.00 in a research note on Monday, May 18th. BNP Paribas Exane started coverage on Nebius Group in a research report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price for the company. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Bank of America increased their price target on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $203.25.
Insider Activity at Nebius Group
In other news, General Counsel Boaz Tal sold 5,100 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $199.39, for a total transaction of $1,016,889.00. Following the completion of the sale, the general counsel directly owned 80,754 shares of the company’s stock, valued at $16,101,540.06. The trade was a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 15,678 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the completion of the sale, the chief technology officer owned 291,700 shares in the company, valued at $69,704,632. This represents a 5.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 700,710 shares of company stock valued at $132,153,501 over the last quarter.
Nebius Group Stock Performance
Shares of NBIS stock opened at $240.30 on Monday. The firm has a market capitalization of $60.80 billion, a PE ratio of 77.52 and a beta of 4.03. The firm has a fifty day simple moving average of $211.62 and a two-hundred day simple moving average of $140.03. The company has a current ratio of 8.33, a quick ratio of 8.33 and a debt-to-equity ratio of 1.16. Nebius Group N.V. has a 12 month low of $43.89 and a 12 month high of $299.86.
Nebius Group (NASDAQ:NBIS – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $375.13 million. The business’s revenue was up 684.0% on a year-over-year basis. Analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.
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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