952,380 Shares in Nebius Group N.V. (NASDAQ:NBIS) Bought by Burkehill Global Management LP

Key Points

• Burkehill Global Management LP acquired a new stake in Nebius Group N.V., buying 952,380 shares valued at approximately $18.5 million, making it the 23rd largest holding in their investment portfolio.
• Nebius Group reported a significant revenue increase of 385% year-over-year, with quarterly revenue of $55.30 million despite reporting a loss of ($0.48) earnings per share.
• Research analysts have a positive outlook on Nebius Group, with multiple firms upgrading the stock rating to "buy" or "strong-buy" and setting target prices ranging from $65 to $90.

Burkehill Global Management LP acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 952,380 shares of the company's stock, valued at approximately $18,476,000. Nebius Group makes up about 1.4% of Burkehill Global Management LP's portfolio, making the stock its 23rd biggest position. Burkehill Global Management LP owned approximately 0.40% of Nebius Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NBIS. Zevenbergen Capital Investments LLC acquired a new stake in Nebius Group in the 1st quarter worth approximately $1,331,000. Invesco Ltd. acquired a new stake in Nebius Group in the 1st quarter worth approximately $73,782,000. Covestor Ltd acquired a new stake in Nebius Group in the 1st quarter worth approximately $257,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Nebius Group during the 1st quarter valued at approximately $443,000. Finally, CenterBook Partners LP bought a new stake in Nebius Group during the 1st quarter valued at approximately $303,000. Institutional investors own 21.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NBIS shares. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group started coverage on Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 target price on the stock. Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Arete started coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 target price on the stock. Finally, DA Davidson lifted their target price on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Nebius Group currently has an average rating of "Buy" and a consensus price target of $70.80.

Nebius Group Trading Up 5.3%

Shares of NBIS traded up $3.47 during trading hours on Friday, reaching $68.78. The stock had a trading volume of 18,367,305 shares, compared to its average volume of 13,734,712. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $71.49. The firm has a 50-day moving average of $50.52 and a 200 day moving average of $37.29. The company has a market cap of $16.21 billion, a P/E ratio of -120.67 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $55.30 million during the quarter. The company's quarterly revenue was up 385 on a year-over-year basis. During the same quarter last year, the firm earned ($0.25) EPS. On average, sell-side analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Nebius Group Company 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.