Nebius Group N.V. $NBIS Position Trimmed by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft decreased its holdings in Nebius Group N.V. by 7.5%, now owning 73,948 shares valued at approximately $4.09 million.
• Nebius Group reported a quarterly earnings per share of ($0.38), which beat analysts' expectations by $0.03, and had a revenue of $105.10 million during the quarter.
• Analysts maintain a mixed outlook on the stock, with ratings ranging from “buy” to “hold”, and a consensus target price of $91.20.

Baader Bank Aktiengesellschaft lessened its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,948 shares of the company's stock after selling 5,962 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Nebius Group were worth $4,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of NBIS. Orbis Allan Gray Ltd purchased a new stake in Nebius Group during the first quarter valued at $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the 1st quarter valued at approximately $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group in the first quarter valued at $73,782,000. Fred Alger Management LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group in the 1st quarter worth approximately $46,822,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Up 5.5%

Shares of NBIS traded up $5.19 during midday trading on Friday, reaching $99.31. 18,587,395 shares of the company were exchanged, compared to its average volume of 13,642,435. The company has a market cap of $23.41 billion, a price-to-earnings ratio of -174.23 and a beta of 3.55. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $100.51. The stock has a 50-day moving average price of $67.28 and a 200-day moving average price of $45.43. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. Research analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NBIS shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a research report on Wednesday. DA Davidson restated a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. BWS Financial raised their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Sunday, September 14th. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $91.20.

About Nebius Group

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.