Virtus Wealth Solutions LLC Decreases Holdings in Nebius Group N.V. $NBIS

Virtus Wealth Solutions LLC trimmed its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 84.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,480 shares of the company’s stock after selling 189,701 shares during the quarter. Nebius Group accounts for about 0.7% of Virtus Wealth Solutions LLC’s holdings, making the stock its 24th biggest holding. Virtus Wealth Solutions LLC’s holdings in Nebius Group were worth $3,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP purchased a new position in Nebius Group during the 3rd quarter valued at $45,000. Grove Bank & Trust purchased a new stake in shares of Nebius Group in the 3rd quarter worth about $50,000. SOA Wealth Advisors LLC. boosted its stake in shares of Nebius Group by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after purchasing an additional 125 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Nebius Group during the third quarter valued at about $56,000. Finally, Pandora Wealth Inc. bought a new position in Nebius Group in the third quarter worth about $56,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Up 3.5%

Shares of Nebius Group stock opened at $106.12 on Thursday. The company has a 50-day simple moving average of $94.46 and a two-hundred day simple moving average of $95.89. The stock has a market capitalization of $26.72 billion, a PE ratio of -72.68 and a beta of 3.90. Nebius Group N.V. has a 52-week low of $18.31 and a 52-week high of $141.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The firm had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. On average, analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. BWS Financial reaffirmed a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research report on Tuesday, February 17th. Northland Securities lifted their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. DA Davidson reiterated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. CICC Research started coverage on shares of Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price on the stock. Finally, Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.22.

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.