Jennison Associates LLC Raises Holdings in Nebius Group N.V. $NBIS

Key Points

• Jennison Associates increased its Nebius Group stake by 134.3% in the second quarter, adding 2.28 million shares to hold 3.98 million shares worth approximately $1.1 billion. Institutional and hedge-fund investors collectively own 21.9% of the company.
• Nebius reported quarterly revenue of $582.3 million, up 454% year over year, and beat analysts’ adjusted EPS expectations. Shares recently traded at $277.58, up 8.8%, near the company’s 12-month high.
• Investor sentiment is mixed: analysts cite strong AI-cloud growth, major contracts and expanding capacity, while critics point to Nebius’s elevated valuation, capital intensity, debt risks and recent insider selling. The consensus analyst rating remains “Moderate Buy,” with an average price target of $226.

Jennison Associates LLC lifted its position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 134.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,983,899 shares of the company's stock after purchasing an additional 2,283,676 shares during the period. Jennison Associates LLC owned about 1.57% of Nebius Group worth $1,100,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Nebius Group by 2,391.3% during the 4th quarter. State Street Corp now owns 3,219,326 shares of the company's stock worth $269,474,000 after buying an additional 3,090,103 shares during the last quarter. Capital Research Global Investors purchased a new stake in Nebius Group in the fourth quarter valued at approximately $231,635,000. Accel Leaders 3 Associates L.P. acquired a new stake in shares of Nebius Group in the fourth quarter valued at approximately $188,496,000. Qube Research & Technologies Ltd acquired a new stake in shares of Nebius Group in the third quarter valued at approximately $238,511,000. Finally, Orbis Allan Gray Ltd grew its position in shares of Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock worth $976,681,000 after acquiring an additional 1,949,708 shares during the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Trading Up 8.8%

Shares of NBIS stock opened at $277.58 on Friday. The company has a market capitalization of $70.23 billion, a P/E ratio of -9,249.58 and a beta of 4.23. The company has a current ratio of 4.03, a quick ratio of 8.33 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $222.53 and its two-hundred day moving average is $168.13. Nebius Group N.V. has a twelve month low of $62.01 and a twelve month high of $299.86.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.67) by $0.55. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.The business had revenue of $582.30 million during the quarter, compared to analysts' expectations of $567.91 million. During the same quarter in the prior year, the business earned $2.38 earnings per share. The company's quarterly revenue was up 454% compared to the same quarter last year. Equities analysts forecast that Nebius Group N.V. will post -3.91 EPS for the current year.

Nebius Group News Summary

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Exceptional quarterly growth: Nebius reported revenue of $582.3 million, up 454% year over year, while adjusted EBITDA reached $236 million and annualized revenue run rate approached $3 billion. Its AI Cloud segment grew 514%, exceeding many investor expectations. Nebius Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: Large contracts and expanding capacity: Four AI infrastructure contracts reportedly exceed $1 billion in total value, helping push the contracted power target to 5 gigawatts and supporting a backlog of more than $40 billion. Investors see this as improving multiyear revenue visibility. Nebius Is Up After Multi-Billion AI Cloud Wins
• Positive Sentiment: Analyst optimism: Citigroup raised its target to $324 and maintained a buy rating, while Bank of America lifted its target to $310 and Robert W. Baird raised its target to $340 with an outperform rating. Northland Securities also reiterated its buy rating. Northland Securities Reiterates Buy Rating
• Positive Sentiment: UK expansion and trading momentum: Nebius is deploying NVIDIA-powered infrastructure at Vantage Data Centers’ Newport, Wales campus, expanding access to domestic UK AI compute. A reported “Power Inflow” order-flow signal also attracted momentum traders. Vantage and Nebius Expand UK AI Infrastructure
• Neutral Sentiment: Execution remains central: A capacity auction cleared above prior pricing records, and customer prepayments may fund a substantial portion of planned capital expenditures. These developments improve funding flexibility but increase expectations for timely capacity delivery and sustained premium pricing. Nebius Q3 Auction Broke Its Price Ceiling
• Negative Sentiment: Valuation and balance-sheet risks: Critics argue that Nebius is priced for very strong execution, while debt, asset depreciation and capital intensity could pressure long-term returns. Michael Burry’s reported short position and DA Davidson’s $175 neutral target add a bearish counterpoint. The Neoclouds Are a Trade, Not an Investment

Insider Buying and Selling

In other Nebius Group news, CRO Marc Boroditsky sold 10,776 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $2,976,331.20. Following the transaction, the executive directly owned 26,886 shares of the company's stock, valued at approximately $7,425,913.20. The trade was a 28.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrey Korolenko sold 33,871 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the transaction, the insider owned 551,338 shares of the company's stock, valued at approximately $129,812,532.10. The trade was a 5.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 136,310 shares of company stock worth $32,569,613 in the last ninety days.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NBIS. Weiss Ratings cut shares of Nebius Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. Morgan Stanley increased their price target on shares of Nebius Group from $126.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 14th. Wall Street Zen downgraded shares of Nebius Group from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 8th. Citizens Jmp lifted their price objective on shares of Nebius Group from $175.00 to $270.00 and gave the company a "market outperform" rating in a research note on Thursday, May 14th. Finally, Bank of America lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $226.00.

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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