33,800 Shares in Nebius Group N.V. $NBIS Purchased by Creek Drive Management Group LLC

Creek Drive Management Group LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBISFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 33,800 shares of the company’s stock, valued at approximately $2,829,000. Nebius Group accounts for 2.0% of Creek Drive Management Group LLC’s holdings, making the stock its 18th biggest position.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in Nebius Group by 2,391.3% during the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after purchasing an additional 3,090,103 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Nebius Group during the fourth quarter worth about $231,635,000. Fred Alger Management LLC raised its position in shares of Nebius Group by 33.4% during the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after purchasing an additional 2,536,832 shares during the last quarter. Accel Leaders 3 Associates L.P. purchased a new position in Nebius Group in the 4th quarter valued at about $188,496,000. Finally, Qube Research & Technologies Ltd purchased a new position in Nebius Group in the 3rd quarter valued at about $238,511,000. 21.90% of the stock is owned by institutional investors and hedge funds.

More Nebius Group News

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Nebius Group Stock Performance

NBIS opened at $286.69 on Friday. The firm has a market capitalization of $72.54 billion, a price-to-earnings ratio of 92.48 and a beta of 4.03. The company’s 50 day simple moving average is $200.60 and its two-hundred day simple moving average is $134.03. Nebius Group N.V. has a 1-year low of $43.89 and a 1-year high of $298.80. 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:NBISGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. The firm’s revenue for the quarter was up 684.0% compared to the same quarter last year. Analysts expect that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wolfe Research started coverage on Nebius Group in a research report on Thursday, April 16th. They issued a “peer perform” rating on the stock. DA Davidson lowered Nebius Group from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $200.00 to $250.00 in a research note on Monday, May 18th. Citizens Jmp boosted their price target on Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 14th. Finally, Cantor Fitzgerald began coverage on Nebius Group in a research note on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Nebius Group has an average rating of “Moderate Buy” and an average target price of $203.25.

Get Our Latest Stock Report on Nebius Group

Insider Activity at Nebius Group

In other Nebius Group news, Director Elena Bunina sold 10,894 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the sale, the director directly owned 10,772 shares in the company, valued at $2,228,403.64. This represents a 50.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 15,678 shares of Nebius Group stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $238.96, for a total value of $3,746,414.88. Following the transaction, the chief technology officer owned 291,700 shares in the company, valued at approximately $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 have sold a total of 700,710 shares of company stock valued at $132,153,501 in the last three months.

Nebius Group Profile

(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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