Carnegie Investment Counsel Cuts Stock Position in Nebius Group N.V. $NBIS

Carnegie Investment Counsel decreased its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 19.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 33,685 shares of the company’s stock after selling 8,226 shares during the period. Carnegie Investment Counsel’s holdings in Nebius Group were worth $3,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in Nebius Group in the 1st quarter valued at about $1,628,000. Millennium Management LLC acquired a new stake in shares of Nebius Group during the first quarter worth about $11,563,000. NewEdge Advisors LLC purchased a new position in shares of Nebius Group in the first quarter valued at approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Nebius Group in the first quarter valued at approximately $9,084,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Nebius Group in the second quarter valued at approximately $68,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nebius Group news, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $276.20, for a total value of $416,785.80. Following the sale, the chief financial officer directly owned 12,672 shares of the company’s stock, valued at approximately $3,500,006.40. This represents a 10.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrey Korolenko sold 33,871 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $235.45, for a total transaction of $7,974,926.95. Following the completion of the sale, the insider owned 551,338 shares in the company, valued at $129,812,532.10. The trade was a 5.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 679,155 shares of company stock worth $142,150,245.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $219.65 on Monday. The business has a 50-day simple moving average of $226.38 and a 200-day simple moving average of $149.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a one year low of $43.89 and a one year high of $299.86. The company has a market cap of $55.58 billion, a PE ratio of 70.86 and a beta of 4.10.

Nebius Group (NASDAQ:NBIS) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.58. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. On average, equities research analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NBIS shares. BWS Financial upped their target price on shares of Nebius Group from $130.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Bank of America boosted their price target on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Wolfe Research started coverage on Nebius Group in a research report on Thursday, April 16th. They set a “peer perform” rating on the stock. Finally, Citigroup increased their price objective on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.25.

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.