California State Teachers Retirement System Has $17.17 Billion Position in Nebius Group N.V. $NBIS

Key Points

• California State Teachers Retirement System increased its Nebius Group stake by 23,011% in the second quarter, acquiring 61.9 million additional shares. Its 62.2 million shares were valued at approximately $17.17 billion, representing a 24.57% ownership stake.
• Nebius reported strong quarterly growth, with revenue rising 454% year over year to $582.3 million and adjusted EPS of negative $0.12, beating estimates of negative $0.67. Analysts have a “Moderate Buy” consensus rating and an average price target of $226.
• NBIS shares opened at $226.39 and remain highly volatile, with a 1-year range of $63.26 to $299.86. Company insiders sold 159,013 shares worth $39.2 million during the last quarter under pre-arranged trading plans.

California State Teachers Retirement System lifted its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 23,011.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,163,381 shares of the company's stock after buying an additional 61,894,404 shares during the period. California State Teachers Retirement System owned about 24.57% of Nebius Group worth $17,167,661,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NBIS. Allied Private Wealth LLC acquired a new stake in shares of Nebius Group in the second quarter valued at about $25,000. Parkside Financial Bank & Trust bought a new stake in Nebius Group during the fourth quarter worth about $25,000. Root Financial Partners LLC acquired a new position in Nebius Group during the fourth quarter valued at approximately $26,000. SHP Wealth Management acquired a new position in Nebius Group during the fourth quarter valued at approximately $26,000. Finally, Sound Income Strategies LLC grew its stake in Nebius Group by 62.5% in the first quarter. Sound Income Strategies LLC now owns 260 shares of the company's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NBIS. Morgan Stanley boosted their price target on Nebius Group from $126.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 14th. Weiss Ratings cut shares of Nebius Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Bank of America raised their target price on shares of Nebius Group from $240.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, June 8th. Freedom Capital raised shares of Nebius Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Finally, Zacks Research cut shares of Nebius Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $226.00.

Nebius Group Price Performance

NBIS opened at $226.39 on Tuesday. Nebius Group N.V. has a 1-year low of $63.26 and a 1-year high of $299.86. The stock's fifty day simple moving average is $211.89 and its 200 day simple moving average is $183.27. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The stock has a market cap of $57.28 billion, a PE ratio of -7,543.82 and a beta of 4.23.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $567.91 million. During the same period in the previous year, the business posted $2.38 earnings per share. The company's revenue for the quarter was up 454% compared to the same quarter last year. As a group, research analysts expect that Nebius Group N.V. will post -3.76 earnings per share for the current year.

Insider Activity at Nebius Group

In related news, Director Charles E. Ryan sold 50,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $265.53, for a total value of $13,276,500.00. Following the transaction, the director owned 272,533 shares in the company, valued at approximately $72,365,687.49. This represents a 15.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wilson Iv Boynton sold 5,296 shares of the stock in a transaction dated 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 transaction, the director directly owned 415,844 shares in the company, valued at approximately $112,689,565.56. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 159,013 shares of company stock worth $39,216,975 in the last quarter.

Nebius Group 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.

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