Alps Advisors Inc. Purchases 10,041 Shares of Nebius Group N.V. $NBIS

Key Points

• Alps Advisors increased its Nebius stake by 222.1% in the third quarter, buying 10,041 shares to hold 14,561 shares valued at about $3.44 million.
• Analysts give NBIS a consensus “Moderate Buy” rating, with an average price target of $239.56; ratings range from “Strong Buy” to “Sell.”
• Nebius reported quarterly revenue of $582.3 million, up 454% year over year, and a smaller-than-expected loss per share of $0.12. Over the past 90 days, insiders sold substantially more shares than they bought by value.

Alps Advisors Inc. increased its position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 222.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,561 shares of the company's stock after purchasing an additional 10,041 shares during the period. Alps Advisors Inc.'s holdings in Nebius Group were worth $3,435,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NBIS. Situational Awareness LP purchased a new stake in Nebius Group in the 2nd quarter valued at approximately $1,232,895,000. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the 2nd quarter worth approximately $1,012,097,322. Jennison Associates LLC increased its position in Nebius Group by 134.3% during the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company's stock worth $1,100,233,000 after purchasing an additional 2,283,676 shares during the period. Accel Leaders 3 Associates L.P. purchased a new position in shares of Nebius Group during the 2nd quarter worth approximately $621,908,604. Finally, BlackRock Inc. lifted its holdings in shares of Nebius Group by 16.0% in the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company's stock valued at $3,184,591,000 after buying an additional 1,593,684 shares during the period. Institutional investors and hedge funds own 21.90% of the company's stock.

Insider Activity

In other Nebius Group news, CRO Marc Boroditsky sold 7,000 shares of the business's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $211.23, for a total value of $1,478,610.00. Following the transaction, the executive owned 7,000 shares in the company, valued at $1,478,610. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wilson Boynton sold 333 shares of the firm's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $173.07, for a total value of $57,632.31. Following the sale, the director owned 403,189 shares of the company's stock, valued at $69,779,920.23. This represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have bought 1,718 shares of company stock worth $280,207 and have sold 158,823 shares worth $38,168,832.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of analyst reports. Rothschild & Co Redburn initiated coverage on Nebius Group in a research note on Monday, September 21st. They issued a "sell" rating and a $84.00 price target on the stock. Truist Financial upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, September 10th. DA Davidson reissued a "neutral" rating and issued a $175.00 target price on shares of Nebius Group in a report on Thursday, August 13th. BNP Paribas Exane upgraded shares of Nebius Group from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $260.00 to $399.00 in a research report on Thursday, September 24th. Finally, Freedom Capital raised shares of Nebius Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Four 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $239.56.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $141.45 on Tuesday. Nebius Group N.V. has a 52-week low of $73.52 and a 52-week high of $299.86. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $200.34 and a 200-day simple moving average of $177.91.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.67) by $0.55. The business had revenue of $582.30 million during 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 revenue was up 454% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 earnings per share. Equities research analysts predict that Nebius Group N.V. will post -3.19 earnings per share for the current year.

About Nebius Group

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models.

The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.

Nebius Group was formerly known as Yandex N.V.

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