Orbis Allan Gray Ltd Acquires New Holdings in Nebius Group N.V. $NBIS

Key Points

• Orbis Allan Gray Ltd has acquired a new stake in Nebius Group N.V., purchasing approximately 15.7 million shares valued at around $331 million, making it the 19th largest position in their portfolio.
• Nebius Group's shares are currently down 5.2%, with a market cap of $16.11 billion and a price-to-earnings ratio of -119.86.
• The company reported a quarterly loss of $0.44 per share, missing analysts' consensus estimates, and its revenue of $47.6 million fell short of expected figures.

Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 15,702,222 shares of the company's stock, valued at approximately $331,474,000. Nebius Group accounts for 1.9% of Orbis Allan Gray Ltd's holdings, making the stock its 19th biggest position. Orbis Allan Gray Ltd owned 6.67% of Nebius Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in Nebius Group during the 1st quarter worth approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in Nebius Group during the 1st quarter worth approximately $33,000. First Horizon Advisors Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $33,000. Manchester Capital Management LLC acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Nebius Group in the 1st quarter worth approximately $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. DA Davidson upped their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Arete started coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price objective for the company. Finally, BWS Financial increased their price target on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $70.80.

Nebius Group Trading Down 5.2%

Shares of NASDAQ NBIS traded down $3.72 during mid-day trading on Friday, hitting $68.32. 7,572,800 shares of the company traded hands, compared to its average volume of 13,028,551. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $75.96. The stock has a market capitalization of $16.11 billion, a price-to-earnings ratio of -119.86 and a beta of 3.55. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $57.44 and a two-hundred day moving average of $40.93.

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

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.