Nebius Group N.V. $NBIS Shares Acquired by Swedbank AB

Swedbank AB boosted its position in Nebius Group N.V. (NASDAQ:NBIS) by 8.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,098 shares of the company’s stock after purchasing an additional 4,666 shares during the period. Swedbank AB’s holdings in Nebius Group were worth $5,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. grew its holdings in Nebius Group by 20.0% in the first quarter. Vermillion Wealth Management Inc. now owns 600 shares of the company’s stock valued at $62,000 after purchasing an additional 100 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Nebius Group by 62.5% in the 1st quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Calton & Associates Inc. grew its stake in Nebius Group by 2.7% in the 4th quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock valued at $400,000 after acquiring an additional 124 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Nebius Group by 46.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 424 shares of the company’s stock valued at $44,000 after acquiring an additional 135 shares in the last quarter. Finally, Keybank National Association OH raised its position in Nebius Group by 5.7% during the fourth quarter. Keybank National Association OH now owns 2,584 shares of the company’s stock worth $216,000 after acquiring an additional 140 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Danila Shtan sold 16,937 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the transaction, the chief technology officer owned 274,763 shares of the company’s stock, valued at approximately $64,692,948.35. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Arkadiy Volozh sold 46,627 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $10,978,327.15. Following the transaction, the chief executive officer directly owned 821,662 shares in the company, valued at $193,460,317.90. The trade was a 5.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 685,822 shares of company stock valued at $143,150,295.

Nebius Group Price Performance

Nebius Group stock traded up $3.45 during midday trading on Friday, reaching $219.65. 11,462,026 shares of the company were exchanged, compared to its average volume of 16,635,219. The firm’s 50-day simple moving average is $226.38 and its 200-day simple moving average is $149.41. Nebius Group N.V. has a 1 year low of $43.89 and a 1 year high of $299.86. The company has a market capitalization of $55.58 billion, a price-to-earnings ratio of 70.86 and a beta of 4.10. 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 (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.58. 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 analyst estimates of $375.13 million. The firm’s revenue for the quarter was up 684.0% on a year-over-year basis. On average, analysts anticipate that Nebius Group N.V. will post -1.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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. Wolfe Research assumed coverage on shares of Nebius Group in a research note on Thursday, April 16th. They set a “peer perform” rating for the company. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. BWS Financial upped their target price on Nebius Group from $130.00 to $200.00 and gave the company 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 report on Wednesday, May 20th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Nebius Group 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.