Mubadala Investment Co PJSC Takes Position in Nebius Group N.V. $NBIS

Key Points

• Mubadala Investment Co PJSC acquired 539,751 shares of Nebius Group N.V. valued at approximately $11.39 million, representing about 0.1% of its investment portfolio and making it the firm's 8th largest holding.
• Analysts have shown positive sentiment towards Nebius Group, with multiple firms issuing ratings and price targets, including a "strong-buy" rating from Arete Research and a $68.00 price target from Goldman Sachs.
• Nebius Group reported disappointing earnings with an earnings per share of ($0.44), falling short of expectations, while generating $47.60 million in revenue for the recent quarter.

Mubadala Investment Co PJSC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 539,751 shares of the company's stock, valued at approximately $11,394,000. Nebius Group makes up approximately 0.1% of Mubadala Investment Co PJSC's portfolio, making the stock its 8th largest position. Mubadala Investment Co PJSC owned about 0.23% of Nebius Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. PFG Investments LLC acquired a new stake in Nebius Group during the 1st quarter worth $860,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $453,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Nebius Group during the first quarter valued at $8,519,000. Colonial River Investments LLC acquired a new stake in Nebius Group in the 1st quarter worth about $330,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of Nebius Group in the 1st quarter valued at $937,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Price Performance

Shares of NASDAQ NBIS traded down $2.60 during midday trading on Tuesday, reaching $65.72. The company's stock had a trading volume of 9,291,530 shares, compared to its average volume of 12,738,200. The business's 50 day moving average price is $57.86 and its two-hundred day moving average price is $41.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $75.96. The company has a market cap of $15.49 billion, a P/E ratio of -115.30 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The firm had revenue of $47.60 million for the quarter, compared to analysts' expectations of $95.60 million. On average, analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Arete started coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price 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 raised Nebius Group from a "sell" rating to a "hold" rating in a report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, Nebius Group currently has an average rating of "Buy" and a consensus price target of $70.80.

Nebius Group Company 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.