True Freedom Investing LLC Buys New Position in Nebius Group N.V. $NBIS

True Freedom Investing LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the third quarter, HoldingsChannel.com reports. The firm bought 3,278 shares of the company’s stock, valued at approximately $773,000.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in shares of Nebius Group by 16.0% in the second quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock valued at $3,184,591,000 after acquiring an additional 1,593,684 shares in the last quarter. Situational Awareness LP acquired a new position in Nebius Group during the 2nd quarter worth $1,232,895,000. State Street Corp increased its holdings in Nebius Group by 16.2% during 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 increased its holdings in Nebius Group by 134.3% during 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 worth about $1,012,097,322. Institutional investors and hedge funds own 21.90% of the company’s stock.

Insider Buying and Selling

In other news, CEO Arkadiy Volozh sold 37,778 shares of the firm’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 transaction of $8,846,096.48. Following the completion of the transaction, the chief executive officer directly owned 785,236 shares of the company’s stock, valued at $183,870,861.76. This trade represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles E. Ryan sold 50,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $265.53, for a total value of $13,276,500.00. Following the completion of the transaction, the director directly owned 272,533 shares of the company’s stock, valued at approximately $72,365,687.49. This trade represents a 15.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders bought 1,718 shares of company stock valued at $280,207 and sold 158,823 shares valued at $38,168,832.

Nebius Group Price Performance

NBIS opened at $154.14 on Monday. Nebius Group N.V. has a one year low of $73.52 and a one year high of $299.86. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. The stock has a market capitalization of $39.00 billion, a P/E ratio of -5,136.29 and a beta of 4.63. The business’s 50-day simple moving average is $209.70 and its 200-day simple moving average is $176.87.

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

Analyst Ratings Changes

A number of brokerages have recently commented on NBIS. Northland Securities boosted their price objective on Nebius Group from $248.00 to $410.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. BNP Paribas Exane raised shares of Nebius Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $260.00 to $399.00 in a report on Thursday, September 24th. DA Davidson reiterated a “neutral” rating and issued a $175.00 price target on shares of Nebius Group in a research note on Thursday, August 13th. Rosenblatt Securities began coverage on shares of Nebius Group in a report on Thursday, October 8th. They set a “buy” rating and a $304.00 price target for the company. Finally, Freedom Capital raised shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.25.

About Nebius Group

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.