Nwam LLC Takes Position in Nebius Group N.V. $NBIS

Nwam LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,791 shares of the company’s stock, valued at approximately $5,189,000.

Other large investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC raised its stake in shares of Nebius Group by 2.0% in the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock valued at $684,000 after acquiring an additional 48 shares in the last quarter. Jasper Ridge Partners L.P. increased its holdings in Nebius Group by 0.5% during the 2nd quarter. Jasper Ridge Partners L.P. now owns 16,132 shares of the company’s stock worth $4,455,000 after purchasing an additional 74 shares during the period. Ancora Advisors LLC boosted its stake in shares of Nebius Group by 18.8% in the 2nd quarter. Ancora Advisors LLC now owns 475 shares of the company’s stock valued at $131,000 after buying an additional 75 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of Nebius Group by 76.0% during the second quarter. N.E.W. Advisory Services LLC now owns 176 shares of the company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Nebius Group by 2.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock worth $309,000 after buying an additional 79 shares in the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nebius Group

In other news, CTO Danila Shtan sold 16,937 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the sale, the chief technology officer owned 274,763 shares in the company, valued at approximately $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Wilson Iv Boynton sold 5,296 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $270.99, for a total transaction of $1,435,163.04. Following the completion of the sale, the director directly owned 415,844 shares of the company’s stock, valued at $112,689,565.56. This trade represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 174,221 shares of company stock worth $42,871,270.

Nebius Group Stock Performance

NASDAQ NBIS opened at $206.32 on Tuesday. The company has a market capitalization of $52.20 billion, a P/E ratio of -6,875.04 and a beta of 4.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. Nebius Group N.V. has a 1-year low of $63.26 and a 1-year high of $299.86. The business has a 50 day moving average price of $216.41 and a 200 day moving average price of $179.08.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.55. The business had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The company’s quarterly revenue was up 454% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 earnings per share. Sell-side analysts expect that Nebius Group N.V. will post -3.76 EPS for the current fiscal year.

Analysts Set New Price Targets

NBIS has been the subject of a number of recent research reports. Northland Securities lifted their price target on shares of Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Bank of America boosted their target price on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. DA Davidson restated a “neutral” rating and issued a $175.00 price objective on shares of Nebius Group in a research note on Thursday, August 13th. Zacks Research lowered shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Piper Sandler started coverage on Nebius Group in a research note on Monday, August 3rd. They set a “neutral” rating and a $224.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $226.00.

About Nebius Group

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.