Nebius Group N.V. $NBIS Stake Reduced by RFG Advisory LLC

RFG Advisory LLC cut its stake in Nebius Group N.V. (NASDAQ:NBIS) by 93.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,281 shares of the company’s stock after selling 46,106 shares during the period. RFG Advisory LLC’s holdings in Nebius Group were worth $340,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of 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 acquiring an additional 3,090,103 shares during the period. Capital Research Global Investors bought a new position in shares of Nebius Group during the fourth quarter worth about $231,635,000. Fred Alger Management LLC grew its position in shares of Nebius Group by 33.4% during the third quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after acquiring an additional 2,536,832 shares during the last quarter. Accel Leaders 3 Associates L.P. acquired a new stake in shares of Nebius Group in the 4th quarter worth about $188,496,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Nebius Group in the 3rd quarter worth about $238,511,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NBIS. Citigroup boosted their target price on shares of Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Cantor Fitzgerald assumed coverage on shares of Nebius Group in a research note on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price target on the stock. DA Davidson cut Nebius Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $200.00 to $250.00 in a report on Monday, May 18th. Finally, Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.25.

Nebius Group Price Performance

Shares of NBIS opened at $276.17 on Wednesday. The firm has a market capitalization of $69.88 billion, a price-to-earnings ratio of 89.09 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 $43.89 and a one year high of $299.86. The stock’s fifty day moving average is $215.92 and its 200-day moving average is $142.48.

Nebius Group (NASDAQ:NBIS) last posted 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. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue was up 684.0% compared to the same quarter last year. Equities analysts anticipate that Nebius Group N.V. will post -1.91 EPS for the current year.

Insider Activity at Nebius Group

In other Nebius Group news, CTO Danila Shtan sold 15,678 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $238.96, for a total transaction of $3,746,414.88. Following the sale, the chief technology officer directly owned 291,700 shares in the company, valued at approximately $69,704,632. The trade was a 5.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 10,776 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total transaction of $2,976,331.20. Following the completion of the sale, the executive directly owned 26,886 shares of the company’s stock, valued at approximately $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 a total of 626,887 shares of company stock worth $124,696,143 in the last 90 days.

Nebius Group Company 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.