Nebius Group N.V. $NBIS Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 12.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 54,964 shares of the company’s stock after purchasing an additional 5,897 shares during the period. Kestra Advisory Services LLC’s holdings in Nebius Group were worth $12,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Situational Awareness LP acquired a new position in Nebius Group during the 2nd quarter valued at $1,232,895,000. Accel Leaders 4 Associates L.P. acquired a new stake in Nebius Group in the 2nd quarter worth $1,012,097,322. Jennison Associates LLC grew its position 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 last quarter. Accel Leaders 3 Associates L.P. acquired a new stake in Nebius Group in the 2nd quarter worth $621,908,604. Finally, BlackRock Inc. increased its holdings in shares of Nebius Group by 16.0% during the 2nd quarter. BlackRock Inc. now owns 11,531,270 shares of the company’s stock worth $3,184,591,000 after purchasing an additional 1,593,684 shares during the period. Institutional investors and hedge funds own 21.90% of the company’s stock.

Insider Buying and Selling at Nebius Group

In related news, Director Arne Grimme acquired 148 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were bought at an average cost of $169.84 per share, with a total value of $25,136.32. Following the completion of the acquisition, the director owned 7,899 shares of the company’s stock, valued at $1,341,566.16. This trade represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Marc Boroditsky sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $211.23, for a total value of $1,478,610.00. Following the completion of the sale, the executive owned 7,000 shares in the company, valued at approximately $1,478,610. This represents a 50.00% 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. Over the last ninety days, insiders have purchased 1,718 shares of company stock valued at $280,207 and have sold 158,823 shares valued at $38,168,832.

Analysts Set New Price Targets

A number of research analysts have recently commented on NBIS shares. Northland Securities upped their price objective on shares of Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Truist Financial raised Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Robert W. Baird boosted their price target on Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Piper Sandler lowered their price target on Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Finally, Rothschild & Co Redburn assumed coverage on Nebius Group in a report on Monday, September 21st. They issued a “sell” rating and a $84.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $239.56.

Nebius Group Stock Up 9.2%

Shares of NBIS stock opened at $141.45 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. The stock has a fifty day moving average price of $200.34 and a 200 day moving average price of $177.91. Nebius Group N.V. has a one year low of $73.52 and a one year high of $299.86. The stock has a market cap of $35.79 billion, a P/E ratio of -4,713.43 and a beta of 4.63.

Nebius Group (NASDAQ:NBIS) last posted its 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 for the quarter, compared to analysts’ expectations of $567.91 million. During the same quarter in the previous year, the firm posted $2.38 earnings per share. The firm’s revenue for the quarter was up 454% on a year-over-year basis. Analysts predict that Nebius Group N.V. will post -3.19 earnings per share for the current year.

About Nebius Group

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.