36,058 Shares in Nebius Group N.V. $NBIS Purchased by Jasper Ridge Partners L.P.

Key Points

• Jasper Ridge Partners L.P. has acquired a new position in Nebius Group N.V., purchasing 36,058 shares worth approximately $761,000 during the first quarter.
• Institutional investors collectively own 21.90% of Nebius Group's stock, with several large shareholders increasing their positions recently.
• Despite reporting a net loss of ($0.48) earnings per share, Nebius Group's quarterly revenue showed a significant year-over-year increase of 385%.

Jasper Ridge Partners L.P. purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,058 shares of the company's stock, valued at approximately $761,000.

Several other hedge funds also recently made changes to their positions in NBIS. IFP Advisors Inc bought a new position in Nebius Group in the first quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group during the first quarter worth $33,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group during the first quarter worth $33,000. Manchester Capital Management LLC acquired a new position in Nebius Group in the first quarter valued at $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Nebius Group in the first quarter valued at $36,000. 21.90% of the stock is owned by institutional investors.

Nebius Group Stock Down 1.6%

NASDAQ NBIS traded down $1.15 during trading hours on Wednesday, reaching $69.33. 3,717,702 shares of the company's stock traded hands, compared to its average volume of 12,800,585. The firm has a market cap of $16.34 billion, a PE ratio of -121.45 and a beta of 3.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $75.96. The firm has a 50-day simple moving average of $56.12 and a 200 day simple moving average of $40.32.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The business had revenue of $47.60 million for the quarter, compared to analyst estimates of $95.60 million. Sell-side analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

NBIS has been the topic of several research reports. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Arete assumed coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. BWS Financial boosted their target price on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, Nebius Group currently has an average rating of "Buy" and a consensus target price of $70.80.

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.