Resona Asset Management Co. Ltd. Sells 2,991 Shares of Nebius Group N.V. $NBIS

Resona Asset Management Co. Ltd. lessened its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 5.5% during the 1st quarter, HoldingsChannel reports. The firm owned 51,294 shares of the company’s stock after selling 2,991 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Nebius Group were worth $5,322,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC grew its stake in shares of Nebius Group by 3.6% in the 1st quarter. WPG Advisers LLC now owns 2,799 shares of the company’s stock worth $290,000 after buying an additional 98 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in shares of Nebius Group by 20.0% in the 1st quarter. Vermillion Wealth Management Inc. now owns 600 shares of the company’s stock valued at $62,000 after acquiring an additional 100 shares during the last quarter. Sound Income Strategies LLC lifted its holdings 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 valued at $27,000 after acquiring an additional 100 shares during the last quarter. Calton & Associates Inc. grew its position in Nebius Group by 2.7% in the fourth quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock worth $400,000 after acquiring an additional 124 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in Nebius Group by 46.7% in the first quarter. Banque Cantonale Vaudoise now owns 424 shares of the company’s stock worth $44,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

Shares of NBIS stock opened at $219.65 on Monday. The stock has a 50 day moving average price of $226.38 and a 200 day moving average price of $149.81. Nebius Group N.V. has a 52-week low of $43.89 and a 52-week high of $299.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. The firm has a market capitalization of $55.58 billion, a P/E ratio of 70.86 and a beta of 4.10.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.58. 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 for the quarter, compared to analyst estimates of $375.13 million. The company’s revenue was up 684.0% on a year-over-year basis. As a group, sell-side analysts predict that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NBIS. Freedom Capital downgraded Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded Nebius Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Morgan Stanley raised their price target on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, Citigroup lifted their price objective on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Insider Activity at Nebius Group

In related news, insider Andrey Korolenko sold 33,871 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the completion of the sale, the insider owned 551,338 shares in the company, valued at $129,812,532.10. This trade represents a 5.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total transaction of $416,785.80. Following the completion of the sale, the chief financial officer directly owned 12,672 shares of the company’s stock, valued at approximately $3,500,006.40. This trade represents a 10.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 679,155 shares of company stock worth $142,150,245 over the last ninety days.

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.