Traders Buy Large Volume of Call Options on Nebius Group (NASDAQ:NBIS)

Key Points

• Investors made a significant move in Nebius Group N.V. by acquiring a total of 127,185 call options, marking an increase of around 42% compared to its average volume.
• The company's stock experienced an 8.1% increase to $107.40 during Monday's trading, with over 17 million shares exchanged as opposed to its average of 13.6 million.
• Nebius Group recently reported better-than-expected earnings with a quarterly EPS of ($0.38), surpassing estimates of ($0.41) and generating a revenue of $105.1 million.

Nebius Group N.V. (NASDAQ:NBIS - Get Free Report) saw some unusual options trading activity on Monday. Investors acquired 127,185 call options on the stock. This represents an increase of 42% compared to the typical volume of 89,347 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its holdings in Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company's stock valued at $976,681,000 after buying an additional 1,949,708 shares in the last quarter. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group in the first quarter valued at $96,704,000. Invesco Ltd. increased its holdings in Nebius Group by 2.7% in the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company's stock valued at $198,514,000 after buying an additional 92,710 shares in the last quarter. Fred Alger Management LLC purchased a new position in Nebius Group in the first quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in Nebius Group in the first quarter valued at $46,822,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

Shares of Nebius Group stock traded up $7.29 during trading on Monday, hitting $106.60. 24,263,549 shares of the company's stock were exchanged, compared to its average volume of 18,720,280. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business has a 50-day simple moving average of $68.37 and a 200-day simple moving average of $46.21. Nebius Group has a 52-week low of $14.09 and a 52-week high of $108.58. The stock has a market capitalization of $25.13 billion, a price-to-earnings ratio of -187.02 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results 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. The business had revenue of $105.10 million for the quarter, compared to analysts' expectations of $95.60 million. On average, research analysts forecast that Nebius Group will post -1.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NBIS shares. Wall Street Zen downgraded shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Monday. The Goldman Sachs Group restated a "buy" rating and issued a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. BWS Financial raised their target price 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. Arete started coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average 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.