2,737 Shares in Nebius Group N.V. $NBIS Purchased by Malaga Cove Capital LLC

Malaga Cove Capital LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,737 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in Nebius Group by 73.8% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 141 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in Nebius Group by 500.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 360 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. NewEdge Advisors LLC bought a new position in Nebius Group in the 1st quarter valued at $40,000. Barrett & Company Inc. bought a new position in Nebius Group in the 4th quarter valued at $42,000. Finally, Sunbelt Securities Inc. bought a new position in Nebius Group in the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Price Performance

NBIS opened at $208.37 on Thursday. The company has a fifty day moving average price of $154.40 and a two-hundred day moving average price of $115.88. The company has a debt-to-equity ratio of 1.16, a quick ratio of 8.33 and a current ratio of 8.33. Nebius Group N.V. has a 52 week low of $34.72 and a 52 week high of $233.73. The firm has a market capitalization of $52.72 billion, a PE ratio of 67.22 and a beta of 4.03.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.54. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. The business’s quarterly revenue was up 684.0% compared to the same quarter last year. As a group, analysts anticipate that Nebius Group N.V. will post -2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citizens Jmp lifted their price objective on Nebius Group from $175.00 to $270.00 and gave the company a “market outperform” rating in a research report on Thursday, May 14th. Bank of America lifted their price objective on Nebius Group from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Compass Point assumed coverage on Nebius Group in a research report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price objective for the company. Wall Street Zen upgraded shares of Nebius Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.75.

Insider Buying and Selling

In other news, CRO Marc Boroditsky sold 4,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $217.55, for a total value of $978,975.00. Following the completion of the sale, the executive directly owned 37,662 shares of the company’s stock, valued at $8,193,368.10. This represents a 10.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 500,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $203.24, for a total value of $101,620,000.00. Following the completion of the sale, the insider directly owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. This trade represents a 46.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 666,935 shares of company stock valued at $123,541,848.

About Nebius Group

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.