GGM Financials LLC Takes Position in Nebius Group N.V. $NBIS

Key Points

• GGM Financials LLC has acquired a new position in Nebius Group N.V., purchasing 224,181 shares valued at approximately $12.4 million, making it the fund's 9th largest position.
• Nebius Group reported a net margin of 99.34% and surpassed earnings expectations with earnings per share of ($0.38) compared to analysts' estimates of ($0.41).
• Several hedge funds have recently increased their stakes in Nebius Group, contributing to institutional investors holding 21.90% of the company's stock.

GGM Financials LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 224,181 shares of the company's stock, valued at approximately $12,404,000. Nebius Group accounts for about 2.4% of GGM Financials LLC's portfolio, making the stock its 9th biggest position. GGM Financials LLC owned 0.10% of Nebius Group at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hardy Reed LLC acquired a new stake in Nebius Group during the second quarter valued at approximately $365,000. Trellis Wealth Advisors LLC bought a new position in shares of Nebius Group during the 2nd quarter worth approximately $278,000. Hardman Johnston Global Advisors LLC acquired a new stake in Nebius Group in the 2nd quarter valued at $393,000. J. Safra Sarasin Holding AG acquired a new stake in Nebius Group in the 2nd quarter valued at $442,000. Finally, BSW Wealth Partners bought a new stake in Nebius Group in the second quarter valued at $363,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Price Performance

Nebius Group stock opened at $117.70 on Wednesday. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $27.75 billion, a P/E ratio of -206.49 and a beta of 3.45. The business has a 50-day moving average of $82.29 and a 200-day moving average of $52.85. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $135.76.

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 for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. On average, equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

NBIS has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a report on Saturday, September 27th. BWS Financial lifted their price target on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. DA Davidson reissued a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average 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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