13,800 Shares in Nebius Group N.V. $NBIS Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 3rd quarter, HoldingsChannel reports. The fund bought 13,800 shares of the company’s stock, valued at approximately $3,255,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allied Private Wealth LLC purchased a new stake in shares of Nebius Group in the second quarter valued at approximately $25,000. Sound Income Strategies LLC lifted its position in Nebius Group by 62.5% during the first quarter. Sound Income Strategies LLC now owns 260 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in Nebius Group during the second quarter worth $28,000. GoalVest Advisory LLC acquired a new position in Nebius Group during the second quarter worth $28,000. Finally, Eastern Bank boosted its stake in Nebius Group by 66.3% during the third quarter. Eastern Bank now owns 158 shares of the company’s stock worth $37,000 after buying an additional 63 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nebius Group

In related news, CEO Arkadiy Volozh sold 37,778 shares of Nebius Group stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $234.16, for a total value of $8,846,096.48. Following the completion of the sale, the chief executive officer owned 785,236 shares in the company, valued at approximately $183,870,861.76. This trade represents a 4.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrey Korolenko sold 29,090 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $234.16, for a total value of $6,811,714.40. Following the completion of the sale, the insider directly owned 522,248 shares in the company, valued at approximately $122,289,591.68. The trade was a 5.28% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 1,718 shares of company stock worth $280,207 and sold 158,823 shares worth $38,168,832.

Nebius Group Stock Down 8.3%

Shares of NBIS opened at $141.39 on Tuesday. The company’s 50-day moving average price is $208.15 and its 200 day moving average price is $177.05. Nebius Group N.V. has a 12-month low of $73.52 and a 12-month high of $299.86. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The firm has a market cap of $35.77 billion, a P/E ratio of -4,711.43 and a beta of 4.18.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business had revenue of $582.30 million during the quarter, compared to analysts’ expectations of $567.91 million. During the same period last year, the business earned $2.38 earnings per share. The business’s revenue for the quarter was up 454% on a year-over-year basis. On average, sell-side analysts forecast that Nebius Group N.V. will post -3.19 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. William Blair started coverage on Nebius Group in a report on Wednesday, September 30th. They issued an “outperform” rating for the company. Zacks Research upgraded Nebius Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Piper Sandler lowered their price target on shares of Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 21st. DA Davidson reissued a “neutral” rating and issued a $175.00 price objective on shares of Nebius Group in a report on Thursday, August 13th. Finally, Rothschild & Co Redburn initiated coverage on shares of Nebius Group in a research report on Monday, September 21st. They set a “sell” rating and a $84.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.25.

Nebius Group Company Profile

Nebius Group N.V. is a technology company focused on providing cloud infrastructure and services for artificial intelligence and machine learning applications. Through its Nebius AI division, the company offers access to high-performance computing, graphics processing units (GPUs), storage, networking, and related tools designed to help businesses and developers train, deploy, and operate AI models.

The company also operates or supports other technology businesses, including Toloka, an AI data and evaluation platform; TripleTen, an online education provider focused on technology careers; and Avride, a developer of autonomous driving and delivery technologies.