Eagle Global Advisors LLC Trims Stake in Nebius Group N.V. $NBIS

Key Points

• Eagle Global Advisors LLC reduced its stake in Nebius Group N.V. by 1.9% in the 2nd quarter, holding 218,895 shares worth $12.1 million after selling 4,160 shares.
• A significant number of institutional investors recently acquired new stakes in Nebius Group, with nearly 21.90% of the stock now owned by institutional investors.
• Nebius Group's stock received multiple upgrades from analysts, with a consensus target price of $91.20, reflecting a generally positive outlook on the company's performance.

Eagle Global Advisors LLC lowered its stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 218,895 shares of the company's stock after selling 4,160 shares during the period. Eagle Global Advisors LLC owned 0.09% of Nebius Group worth $12,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NBIS. Orbis Allan Gray Ltd purchased a new stake in Nebius Group in the 1st quarter worth $331,474,000. Accel Leaders 4 Associates L.P. bought a new position in Nebius Group in the first quarter worth approximately $96,704,000. Invesco Ltd. purchased a new position in Nebius Group in the first quarter worth $73,782,000. Fred Alger Management LLC purchased a new stake in shares of Nebius Group during the first quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group in the first quarter worth about $46,822,000. 21.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NBIS. DA Davidson reissued a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a research note on Tuesday, September 9th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a research report on Monday, September 15th. Finally, Arete initiated coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Price Performance

NBIS stock opened at $107.70 on Friday. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $114.85. The stock has a market cap of $25.39 billion, a PE ratio of -188.95 and a beta of 3.55. The stock has a 50-day moving average price of $72.84 and a two-hundred day moving average price of $48.23. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $95.60 million. Equities analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

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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