WCM Investment Management LLC Decreases Stake in Nebius Group N.V. $NBIS

Key Points

• WCM Investment Management cut its stake in Nebius Group by 73.5% in Q3, selling 383,732 shares and retaining 138,193 shares worth $15.23 million (about 0.06% of the company).
• Other institutions moved in opposite directions: Orbis Allan Gray now holds 17,651,930 shares (~$976.7M) and JPMorgan boosted its position by 297.4% to 848,336 shares, with institutions owning 21.90% of the stock overall.
• Nebius trades near $89.95 with a $22.65B market cap and a negative P/E (-116.82); analyst coverage is mixed but shows an average rating of “Moderate Buy” and an average target of $142.38, with individual targets ranging up to $211 and some recent downgrades to sell.

WCM Investment Management LLC reduced its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 73.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,193 shares of the company's stock after selling 383,732 shares during the quarter. WCM Investment Management LLC owned 0.06% of Nebius Group worth $15,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd lifted its stake in Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock valued at $976,681,000 after acquiring an additional 1,949,708 shares during the period. Invesco Ltd. raised its holdings in shares of Nebius Group by 2.7% during the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock valued at $198,514,000 after purchasing an additional 92,710 shares during the last quarter. Rovida Advisors Inc. bought a new position in Nebius Group during the second quarter valued at approximately $96,223,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Nebius Group in the second quarter worth approximately $49,337,000. Finally, JPMorgan Chase & Co. grew its position in Nebius Group by 297.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 848,336 shares of the company's stock worth $46,938,000 after purchasing an additional 634,838 shares during the period. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Trading Up 2.0%

NASDAQ NBIS opened at $89.95 on Wednesday. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of -116.82 and a beta of 3.90. Nebius Group N.V. has a 12 month low of $18.31 and a 12 month high of $141.10. The company's 50 day moving average is $93.96 and its two-hundred day moving average is $91.65.

Analyst Ratings Changes

A number of research firms have recently issued reports on NBIS. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. Weiss Ratings cut Nebius Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, January 15th. Northland Securities boosted their price target on Nebius Group from $206.00 to $211.00 and gave the company an "outperform" rating in a research note on Wednesday, November 12th. Citizens Jmp initiated coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They issued a "market outperform" rating and a $175.00 price objective on the stock. Finally, BWS Financial reissued a "buy" rating and issued a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $142.38.

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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