Nebius Group N.V. $NBIS Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in Nebius Group by 3.8% during the second quarter, holding 56,675 shares valued at $3,136,000.
• Analysts have a consensus rating of Buy for Nebius Group, with price targets ranging from $75.00 to $130.00, indicating positive expectations for the stock.
• Nebius Group recently reported earnings of ($0.38) EPS, outperforming analysts' expectations and generating revenue of $105.10 million for the quarter.

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,675 shares of the company's stock after selling 2,250 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Nebius Group were worth $3,136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NBIS. Orbis Allan Gray Ltd acquired a new position in Nebius Group during the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the first quarter worth $96,704,000. Invesco Ltd. acquired a new position in Nebius Group during the first quarter worth $73,782,000. Fred Alger Management LLC acquired a new position in Nebius Group during the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in Nebius Group during the first quarter worth $46,822,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NBIS shares. DA Davidson reaffirmed a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of Nebius Group in a research report on Saturday, September 27th. Seaport Res Ptn raised Nebius Group to a "hold" rating in a research report on Monday, September 15th. Finally, BWS Financial raised their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $91.20.

Nebius Group Price Performance

NBIS stock opened at $117.70 on Wednesday. The stock has a 50-day moving average price of $82.29 and a two-hundred day moving average price of $52.85. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $135.76. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market cap of $27.75 billion, a PE ratio of -206.49 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The firm had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. As a group, research analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

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.

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