Nebius Group N.V. $NBIS Shares Sold by Long Walk Management LP

Long Walk Management LP reduced its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 473,250 shares of the company’s stock after selling 26,750 shares during the period. Nebius Group accounts for approximately 10.7% of Long Walk Management LP’s investment portfolio, making the stock its 7th biggest position. Long Walk Management LP owned approximately 0.20% of Nebius Group worth $53,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kapstone Financial Advisors LLC acquired a new stake in shares of Nebius Group in the third quarter valued at about $312,000. Calton & Associates Inc. bought a new stake in Nebius Group in the third quarter valued at approximately $522,000. PNC Financial Services Group Inc. boosted its holdings in Nebius Group by 4.1% in the third quarter. PNC Financial Services Group Inc. now owns 10,010 shares of the company’s stock valued at $1,124,000 after acquiring an additional 397 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Nebius Group during the 3rd quarter valued at approximately $36,222,000. Finally, Balboa Wealth Partners raised its holdings in Nebius Group by 48.4% during the 3rd quarter. Balboa Wealth Partners now owns 8,956 shares of the company’s stock worth $1,005,000 after purchasing an additional 2,921 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Trading Up 9.2%

NBIS opened at $98.01 on Tuesday. The firm has a market capitalization of $24.68 billion, a PE ratio of -127.29 and a beta of 3.91. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The company’s 50-day moving average is $92.37 and its 200 day moving average is $94.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The company had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. As a group, research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NBIS has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on shares of Nebius Group in a research note on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price objective on the stock. BWS Financial reiterated a “buy” rating and set a $130.00 price target on shares of Nebius Group in a report on Thursday, November 13th. Northland Securities lifted their price objective on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings cut Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $142.38.

Nebius Group Profile

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.