Elevation Point Wealth Partners LLC Grows Holdings in Nebius Group N.V. $NBIS

Elevation Point Wealth Partners LLC boosted its position in Nebius Group N.V. (NASDAQ:NBISFree Report) by 1,521.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 44,546 shares of the company’s stock after acquiring an additional 41,798 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Nebius Group were worth $4,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NBIS. Royal Bank of Canada acquired a new stake in shares of Nebius Group during the first quarter valued at about $1,628,000. Millennium Management LLC acquired a new position in shares of Nebius Group in the first quarter worth about $11,563,000. NewEdge Advisors LLC purchased a new position in Nebius Group in the first quarter valued at about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Nebius Group during the 1st quarter valued at approximately $9,084,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Nebius Group during the 2nd quarter valued at approximately $68,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Nebius Group

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NBIS shares. Citigroup upped their target price on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Citizens Jmp lifted their price target on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Cantor Fitzgerald assumed coverage on shares of Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target on the stock. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, BNP Paribas Exane assumed coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has a consensus rating of “Moderate Buy” and an average price target of $203.25.

Check Out Our Latest Stock Analysis on Nebius Group

Nebius Group Stock Performance

Nebius Group stock opened at $215.62 on Friday. 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 N.V. has a 12 month low of $43.89 and a 12 month high of $299.86. The company has a fifty day moving average price of $219.69 and a two-hundred day moving average price of $144.83. The company has a market cap of $54.56 billion, a PE ratio of 69.56 and a beta of 4.10.

Nebius Group (NASDAQ:NBISGet Free Report) last issued its 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. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group’s revenue for the quarter was up 684.0% compared to the same quarter last year. Research analysts expect that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Insider Buying and Selling at Nebius Group

In other Nebius Group news, CRO Marc Boroditsky sold 10,776 shares of Nebius Group stock in a transaction that occurred on 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 completion of the transaction, the executive directly owned 26,886 shares in the company, valued at $7,425,913.20. The trade was a 28.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Danila Shtan sold 15,678 shares of Nebius Group stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $238.96, for a total value of $3,746,414.88. Following the completion of the transaction, the chief technology officer owned 291,700 shares of the company’s stock, valued at approximately $69,704,632. The trade was a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 626,887 shares of company stock worth $124,696,143.

About Nebius Group

(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.

See Also

Want to see what other hedge funds are holding NBIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nebius Group N.V. (NASDAQ:NBISFree Report).

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

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