Nebius Group N.V. $NBIS Stock: Vestor Capital LLC Raises Stake

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

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Nebius Group by 1,636.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 266,592 shares of the company’s stock worth $61,924,000 after buying an additional 251,237 shares in the last quarter. Almanack Investment Partners LLC. raised its holdings in Nebius Group by 11.5% in the 3rd quarter. Almanack Investment Partners LLC. now owns 970 shares of the company’s stock worth $229,000 after acquiring an additional 100 shares during the last quarter. StoneX Group Inc. raised its holdings in Nebius Group by 731.9% in the 3rd quarter. StoneX Group Inc. now owns 8,411 shares of the company’s stock worth $1,984,000 after acquiring an additional 7,400 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Nebius Group by 0.3% in the 3rd quarter. Pictet Asset Management Holding SA now owns 569,211 shares of the company’s stock valued at $134,265,000 after acquiring an additional 1,729 shares in the last quarter. Finally, United Advisor Group LLC lifted its position in Nebius Group by 127.4% in the 3rd quarter. United Advisor Group LLC now owns 14,256 shares of the company’s stock valued at $3,363,000 after acquiring an additional 7,986 shares in the last quarter. Institutional investors own 21.90% of the company’s stock.

Insider Buying and Selling

In other news, Director Arne Grimme acquired 148 shares of Nebius Group stock in a transaction that occurred on Wednesday, October 28th. The stock was bought at an average price of $169.84 per share, for a total transaction of $25,136.32. Following the completion of the transaction, the director owned 7,899 shares in the company, valued at $1,341,566.16. The trade was a 1.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wilson Boynton sold 333 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $173.07, for a total value of $57,632.31. Following the completion of the transaction, the director directly owned 403,189 shares in the company, valued at approximately $69,779,920.23. This represents a 0.08% decrease in their position. 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 90 days, insiders bought 1,718 shares of company stock valued at $280,207 and sold 158,823 shares valued at $38,168,832.

Analyst Upgrades and Downgrades

Several analysts have commented on NBIS shares. BNP Paribas Exane upgraded Nebius Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $260.00 to $399.00 in a research note on Thursday, September 24th. Rosenblatt Securities started coverage on Nebius Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $304.00 price target for the company. William Blair started coverage on Nebius Group in a report on Wednesday, September 30th. They set an “outperform” rating on the stock. Truist Financial raised Nebius Group to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, Zacks Research raised Nebius Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and an average target price of $239.56.

Nebius Group Trading Up 9.2%

Shares of NBIS stock opened at $141.45 on Tuesday. Nebius Group N.V. has a 12-month low of $73.52 and a 12-month high of $299.86. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $200.34 and its 200 day moving average is $177.91. The stock has a market capitalization 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.55. The business had revenue of $582.30 million during 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 firm’s revenue was up 454% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 EPS. Research analysts expect that Nebius Group N.V. will post -3.19 earnings per share for the current year.

Nebius Group Company 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.