7,400 Nebius Group N.V. $NBIS Shares Acquired by StoneX Group Inc.

StoneX Group Inc. lifted its stake in Nebius Group N.V. (NASDAQ:NBIS – Free Report) by 731.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,411 shares of the company’s stock after purchasing an additional 7,400 shares during the quarter. StoneX Group Inc.’s holdings in Nebius Group were worth $1,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allied Private Wealth LLC purchased a new stake in shares of Nebius Group in the 2nd quarter valued at $25,000. Sarver Vrooman Wealth Advisors purchased a new position in Nebius Group during the second quarter worth approximately $28,000. GoalVest Advisory LLC acquired a new stake in Nebius Group in the 2nd quarter valued at $28,000. Wealth Enhancement Trust Services Inc. grew its position in shares of Nebius Group by 227.1% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 109 shares during the period. Finally, Eastern Bank boosted its holdings in Nebius Group by 66.3% in the 3rd quarter. Eastern Bank now owns 158 shares of the company’s stock worth $37,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research raised shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Wall Street Zen raised shares of Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. William Blair assumed coverage on shares of Nebius Group in a report on Wednesday, September 30th. They set an “outperform” rating for the company. Northland Securities upped their price objective on Nebius Group from $248.00 to $410.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Finally, BNP Paribas Exane raised Nebius Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $260.00 to $399.00 in a research note on Thursday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and a consensus target price of $239.56.

Check Out Our Latest Report on NBIS

Nebius Group News Roundup

Here are the key news stories impacting Nebius Group this week:

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $129.49 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. Nebius Group N.V. has a one year low of $73.52 and a one year high of $299.86. The company has a market cap of $32.76 billion, a PE ratio of -4,314.90 and a beta of 4.63. The business has a 50-day simple moving average of $201.70 and a 200-day simple moving average of $177.70.

Nebius Group (NASDAQ:NBIS – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) EPS 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 firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. During the same quarter in the prior year, the company posted $2.38 earnings per share. Nebius Group’s revenue for the quarter was up 454% compared to the same quarter last year. On average, equities research analysts forecast that Nebius Group N.V. will post -3.19 EPS for the current fiscal year.

Insider Buying and Selling at Nebius Group

In other news, Director Wilson Boynton sold 333 shares of the company’s 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 sale, the director directly owned 403,189 shares of the company’s stock, valued at approximately $69,779,920.23. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Arne Grimme purchased 148 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were bought at an average cost of $169.84 per share, for a total transaction of $25,136.32. Following the acquisition, the director owned 7,899 shares of the company’s stock, valued at approximately $1,341,566.16. The trade was a 1.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders bought 1,718 shares of company stock worth $280,207 and sold 158,823 shares worth $38,168,832.

About Nebius Group

(Free Report)

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.

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Institutional Ownership by Quarter for Nebius Group (NASDAQ:NBIS)

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