Aire Advisors LLC Makes New Investment in Nebius Group N.V. $NBIS

Key Points

• Aire Advisors LLC has made a new investment in Nebius Group N.V., purchasing 5,144 shares valued at approximately $285,000 in the 2nd quarter.
• Nebius Group reported its quarterly earnings, achieving a net revenue of $105.10 million and EPS of ($0.38), surpassing analyst expectations.
• The stock has shown significant volatility, with a 1-year low of $14.09 and a high of $141.10, and currently has a market capitalization of $29.66 billion.

Aire Advisors LLC purchased a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,144 shares of the company's stock, valued at approximately $285,000.

Several other hedge funds have also added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd bought a new stake in Nebius Group in the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group in the first quarter worth $96,704,000. Invesco Ltd. bought a new stake in Nebius Group in the first quarter worth $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group in the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group in the first quarter worth $46,822,000. 21.90% of the stock is owned by institutional investors.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $125.83 on Thursday. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $141.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The company's 50-day moving average is $91.32 and its 200 day moving average is $56.93. The stock has a market capitalization of $29.66 billion, a P/E ratio of -220.75 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. On average, sell-side analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NBIS. Weiss Ratings restated a "hold (c)" rating on shares of Nebius Group in a research report on Tuesday. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research report on Monday, September 15th. DA Davidson restated a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a research report on Tuesday, September 9th. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Nebius Group has a consensus rating of "Buy" and a consensus target price of $91.20.

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.

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