TB Alternative Assets Ltd. Sells 135,820 Shares of Nebius Group N.V. $NBIS

Key Points

• TB Alternative Assets Ltd. drastically reduced its holdings in Nebius Group, selling 135,820 shares and holding only 4,270 shares by the end of the second quarter.
• Analysts have mixed views on Nebius Group, with BWS Financial increasing its price target to $130, while Wall Street Zen downgraded the stock to a "sell" rating, contributing to a consensus rating of "Buy."
• Nebius Group reported earnings exceeding expectations with $105.10 million in revenue for the quarter and a 99.34% net margin, despite a negative EPS of ($0.38).

TB Alternative Assets Ltd. cut its position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 97.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,270 shares of the company's stock after selling 135,820 shares during the period. TB Alternative Assets Ltd.'s holdings in Nebius Group were worth $236,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

NBIS has been the topic of several recent analyst reports. BWS Financial increased their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Wall Street Zen lowered Nebius Group from a "hold" rating to a "sell" rating in a research note on Monday. DA Davidson reaffirmed a "buy" rating and issued a $75.00 price target on shares of Nebius Group in a research report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $91.20.

Nebius Group Stock Performance

Shares of NBIS opened at $113.23 on Thursday. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $114.85. The firm has a market capitalization of $26.69 billion, a PE ratio of -198.65 and a beta of 3.55. The firm has a 50-day moving average price of $70.65 and a 200 day moving average price of $47.10. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million for the quarter, compared to analysts' expectations 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.

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