Seven Grand Managers LLC Decreases Stake in Nebius Group N.V. $NBIS

Seven Grand Managers LLC lowered its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 50.0% in the 4th quarter, Holdings Channel reports. The firm owned 100,000 shares of the company’s stock after selling 100,000 shares during the period. Seven Grand Managers LLC’s holdings in Nebius Group were worth $8,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. IPG Investment Advisors LLC raised its stake in shares of Nebius Group by 13.0% in the fourth quarter. IPG Investment Advisors LLC now owns 5,415 shares of the company’s stock worth $453,000 after purchasing an additional 625 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 worth $169,840,000 after purchasing an additional 1,875,612 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Nebius Group by 26.6% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,454 shares of the company’s stock worth $373,000 after purchasing an additional 936 shares during the last quarter. Malaga Cove Capital LLC purchased a new position in shares of Nebius Group in the fourth quarter worth $229,000. Finally, Integrity Advisory Solutions LLC raised its stake in shares of Nebius Group by 39.4% in the fourth quarter. Integrity Advisory Solutions LLC now owns 2,983 shares of the company’s stock worth $250,000 after purchasing an additional 843 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Insider Transactions at Nebius Group

In related news, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $203.24, for a total transaction of $101,620,000.00. Following the completion of the sale, the insider owned 585,209 shares in the company, valued at approximately $118,937,877.16. This represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Marc Boroditsky sold 4,500 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $217.55, for a total value of $978,975.00. Following the sale, the executive owned 37,662 shares of the company’s stock, valued at approximately $8,193,368.10. This trade represents a 10.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 666,935 shares of company stock worth $123,541,848 in the last three months.

Nebius Group Stock Up 0.1%

Nebius Group stock opened at $208.37 on Thursday. The stock has a market cap of $52.72 billion, a PE ratio of 67.22 and a beta of 4.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a one year low of $34.72 and a one year high of $233.73. The stock has a fifty day moving average of $154.40 and a 200 day moving average of $115.88.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. The company 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 business’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, sell-side analysts predict that Nebius Group N.V. will post -2.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NBIS. DA Davidson cut Nebius Group from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. Morgan Stanley boosted their price target on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Compass Point began coverage on Nebius Group in a research note on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price target for the company. BWS Financial boosted their price target on Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.75.

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.