Nebius Group N.V. $NBIS Shares Newly Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 13,800 Nebius Group shares worth approximately $3.3 million in the third quarter. Institutional investors collectively own 21.9% of the company.
• Nebius reported quarterly revenue of $582.3 million, up 454% year over year, and an adjusted loss of $0.12 per share that beat analyst expectations.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $243.25, although targets range from $84 to $399. The stock opened at $141.39, well below its 12-month high of $299.86.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,800 shares of the company's stock, valued at approximately $3,255,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in Nebius Group by 16.0% during the second quarter. BlackRock Inc. now owns 11,531,270 shares of the company's stock worth $3,184,591,000 after purchasing an additional 1,593,684 shares in the last quarter. Situational Awareness LP acquired a new stake in Nebius Group in the second quarter valued at approximately $1,232,895,000. State Street Corp grew its holdings in Nebius Group by 16.2% in the second quarter. State Street Corp now owns 4,069,875 shares of the company's stock valued at $1,123,977,000 after purchasing an additional 568,415 shares during the period. Jennison Associates LLC increased its position in shares of Nebius Group by 134.3% in the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company's stock valued at $1,100,233,000 after buying an additional 2,283,676 shares in the last quarter. Finally, Accel Leaders 4 Associates L.P. purchased a new stake in shares of Nebius Group in the second quarter valued at approximately $1,012,097,322. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

Shares of Nebius Group stock opened at $141.39 on Tuesday. The stock has a market capitalization of $35.77 billion, a P/E ratio of -4,711.43 and a beta of 4.18. The business has a 50 day simple moving average of $208.15 and a two-hundred day simple moving average of $177.05. Nebius Group N.V. has a 12 month low of $73.52 and a 12 month high of $299.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same period in the previous year, the company posted $2.38 earnings per share. The business's revenue was up 454% on a year-over-year basis. As a group, analysts predict that Nebius Group N.V. will post -3.19 EPS for the current fiscal year.

Analyst Ratings Changes

NBIS has been the subject of several research analyst reports. Rothschild & Co Redburn assumed coverage on Nebius Group in a research note on Monday, September 21st. They set a "sell" rating and a $84.00 target price for the company. Citigroup lifted their price target on shares of Nebius Group from $278.00 to $324.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Wall Street Zen raised shares of Nebius Group from a "strong sell" rating to a "sell" rating in a research note on Sunday, August 16th. BNP Paribas Exane raised shares of Nebius Group from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $260.00 to $399.00 in a report on Thursday, September 24th. Finally, William Blair initiated coverage on shares of Nebius Group in a research report on Wednesday, September 30th. They set an "outperform" rating for the company. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Nebius Group has a consensus rating of "Moderate Buy" and an average target price of $243.25.

Insider Transactions at Nebius Group

In other Nebius Group news, insider Andrey Korolenko sold 29,090 shares of Nebius Group stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $234.16, for a total transaction of $6,811,714.40. Following the sale, the insider owned 522,248 shares of the company's stock, valued at $122,289,591.68. The trade was a 5.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wilson Boynton sold 7,260 shares of the company's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $177.63, for a total transaction of $1,289,593.80. Following the sale, the director directly owned 403,522 shares of the company's stock, valued at $71,677,612.86. The trade was a 1.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 1,718 shares of company stock worth $280,207 and sold 158,823 shares worth $38,168,832.

Nebius Group Profile

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.

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