J. Safra Sarasin Holding AG Purchases Shares of 7,985 Nebius Group N.V. $NBIS

Key Points

• J. Safra Sarasin Holding AG purchased 7,985 shares of Nebius Group N.V. for approximately $442,000, according to their recent SEC filing.
• Several institutional investors, including Orbis Allan Gray Ltd and Invesco Ltd., have significantly increased their stakes in Nebius Group during the first quarter.
• Analysts maintain a generally positive outlook on Nebius Group, with an average rating of “Buy” and a consensus target price of $91.20.

J. Safra Sarasin Holding AG purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,985 shares of the company's stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Orbis Allan Gray Ltd bought a new stake in Nebius Group during the 1st quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group during the 1st quarter valued at $96,704,000. Invesco Ltd. bought a new stake in Nebius Group during the 1st quarter valued at $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group during the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group during the 1st quarter valued at $46,822,000. Institutional investors own 21.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on NBIS. The Goldman Sachs Group restated a "buy" rating and set a $120.00 price target on shares of Nebius Group in a research note on Wednesday, September 17th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Nebius Group in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. DA Davidson reiterated a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research note on Tuesday, September 9th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Price Performance

Shares of NASDAQ:NBIS opened at $127.98 on Friday. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $30.17 billion, a PE ratio of -224.53 and a beta of 3.45. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $132.98. The company has a 50-day moving average price of $79.50 and a two-hundred day moving average price of $51.53.

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 (EPS) for the quarter, topping 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 firm had revenue of $105.10 million for 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 year.

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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