Nebius Group N.V. $NBIS Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. decreased its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 12.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,496 shares of the company’s stock after selling 1,355 shares during the quarter. Freedom Investment Management Inc.’s holdings in Nebius Group were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC lifted its holdings in shares of Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares in the last quarter. LRI Investments LLC increased its stake in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after buying an additional 310 shares during the period. Farther Finance Advisors LLC increased its stake in Nebius Group by 4.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company’s stock worth $388,000 after buying an additional 326 shares during the period. Harbour Investments Inc. increased its stake in Nebius Group by 1.8% during the 2nd quarter. Harbour Investments Inc. now owns 23,724 shares of the company’s stock worth $1,313,000 after buying an additional 421 shares during the period. Finally, SJS Investment Consulting Inc. purchased a new stake in Nebius Group during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Price Performance

Shares of NASDAQ:NBIS opened at $117.26 on Friday. 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 N.V. has a fifty-two week low of $17.27 and a fifty-two week high of $141.10. The firm has a 50-day simple moving average of $96.95 and a 200 day simple moving average of $61.50. The company has a market cap of $27.64 billion, a PE ratio of -205.72 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The business had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. On average, sell-side analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NBIS shares. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. BWS Financial boosted their target price on shares of Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nebius Group in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Nebius Group presently has a consensus rating of “Buy” and an average target price of $91.20.

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.