27,386 Nebius Group N.V. $NBIS Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 488,748 shares of the company’s stock after selling 27,386 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Nebius Group worth $115,286,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nebius Group during the 3rd quarter worth $117,370,000. ProShare Advisors LLC boosted its stake in Nebius Group by 12.5% in the third quarter. ProShare Advisors LLC now owns 230,548 shares of the company’s stock valued at $54,382,000 after buying an additional 25,656 shares in the last quarter. Vise Technologies Inc. grew its position in Nebius Group by 127.1% in the third quarter. Vise Technologies Inc. now owns 7,359 shares of the company’s stock valued at $1,736,000 after acquiring an additional 4,119 shares during the last quarter. MGO One Seven LLC grew its position in Nebius Group by 1.6% in the third quarter. MGO One Seven LLC now owns 26,962 shares of the company’s stock valued at $6,360,000 after acquiring an additional 437 shares during the last quarter. Finally, State of Wyoming grew its position in Nebius Group by 39.5% in the third quarter. State of Wyoming now owns 1,412 shares of the company’s stock valued at $333,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Trading Down 8.3%

Shares of NASDAQ NBIS opened at $141.39 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. Nebius Group N.V. has a 52-week low of $73.52 and a 52-week high of $299.86. The firm has a 50 day moving average price of $208.15 and a two-hundred day moving average price of $177.05. The stock has a market cap of $35.77 billion, a P/E ratio of -4,711.43 and a beta of 4.18.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $582.30 million during the quarter, compared to the consensus estimate of $567.91 million. During the same quarter last year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter was up 454% on a year-over-year basis. As a group, equities analysts forecast that Nebius Group N.V. will post -3.19 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on NBIS shares. Zacks Research raised Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Piper Sandler reduced their price target on shares of Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Citigroup lifted their price target on shares of Nebius Group from $278.00 to $324.00 and gave the company a “buy” rating in a report on Friday, August 14th. Truist Financial upgraded shares of Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, Northland Securities upped their price objective on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and a consensus price target of $243.25.

Insider Buying and Selling at Nebius Group

In other Nebius Group news, Director Charles E. Ryan sold 50,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $265.53, for a total value of $13,276,500.00. Following the sale, the director owned 272,533 shares in the company, valued at approximately $72,365,687.49. The trade was a 15.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Arkadiy Volozh sold 37,778 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $234.16, for a total value of $8,846,096.48. Following the completion of the sale, the chief executive officer owned 785,236 shares in the company, valued at $183,870,861.76. This trade represents a 4.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders purchased 1,718 shares of company stock worth $280,207 and sold 158,823 shares worth $38,168,832.

Nebius Group Profile

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.