Nebius Group N.V. $NBIS Stock Bought by Vestor Capital LLC

Vestor Capital LLC boosted its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 849.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,355 shares of the company’s stock after purchasing an additional 6,580 shares during the period. Vestor Capital LLC’s holdings in Nebius Group were worth $1,735,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in Nebius Group by 16.0% during the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock valued at $3,184,591,000 after purchasing an additional 1,593,684 shares during the period. Situational Awareness LP bought a new position in Nebius Group in the 2nd quarter worth approximately $1,232,895,000. State Street Corp boosted its stake in Nebius Group by 16.2% in the 2nd quarter. State Street Corp now owns 4,069,875 shares of the company’s stock worth $1,123,977,000 after purchasing an additional 568,415 shares during the period. Jennison Associates LLC boosted its stake in Nebius Group by 134.3% in the 2nd quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after purchasing an additional 2,283,676 shares during the period. Finally, Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the 2nd quarter valued at approximately $1,012,097,322. Institutional investors own 21.90% of the company’s stock.

Insider Transactions at Nebius Group

In other Nebius Group news, CEO Arkadiy Volozh sold 37,778 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $234.16, for a total transaction of $8,846,096.48. Following the sale, the chief executive officer directly owned 785,236 shares of the company’s stock, valued at $183,870,861.76. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wilson Boynton sold 7,260 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $177.63, for a total value of $1,289,593.80. Following the sale, the director owned 403,522 shares in the company, valued at approximately $71,677,612.86. This trade represents a 1.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 1,718 shares of company stock worth $280,207 and have sold 158,823 shares worth $38,168,832.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial upgraded shares of Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. William Blair started coverage on shares of Nebius Group in a research report on Wednesday, September 30th. They set an “outperform” rating for the company. Northland Securities raised their target price on shares of Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Rosenblatt Securities initiated coverage on shares of Nebius Group in a research note on Thursday, October 8th. They set a “buy” rating and a $304.00 target price for the company. Finally, Piper Sandler reduced their price target on shares of Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $239.56.

Nebius Group Price Performance

NBIS stock opened at $141.45 on Tuesday. Nebius Group N.V. has a 52 week low of $73.52 and a 52 week high of $299.86. The firm has a market capitalization of $35.79 billion, a P/E ratio of -4,713.43 and a beta of 4.63. The company has a fifty day simple moving average of $200.34 and a two-hundred day simple moving average of $177.91. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.82.

Nebius Group (NASDAQ:NBIS) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to the consensus estimate of $567.91 million. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The business’s quarterly revenue was up 454% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS. Analysts anticipate that Nebius Group N.V. will post -3.19 earnings per share for the current fiscal year.

Nebius Group Profile

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models.

The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.

Nebius Group was formerly known as Yandex N.V.