Nebius Group N.V. $NBIS Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 60.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 39,474 shares of the company’s stock after selling 59,179 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Nebius Group were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in Nebius Group by 2,391.3% in the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock valued at $269,474,000 after buying an additional 3,090,103 shares during the last quarter. Capital Research Global Investors purchased a new position in Nebius Group during the 4th quarter worth $231,635,000. Fred Alger Management LLC lifted its stake in shares of Nebius Group by 33.4% in the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock worth $1,137,551,000 after acquiring an additional 2,536,832 shares during the period. Accel Leaders 3 Associates L.P. acquired a new stake in shares of Nebius Group in the 4th quarter worth $188,496,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Nebius Group in the third quarter valued at about $238,511,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NBIS has been the topic of a number of recent analyst reports. Citizens Jmp boosted their price target on shares of Nebius Group from $175.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 14th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. BNP Paribas Exane initiated coverage on Nebius Group in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price on the stock. Morgan Stanley increased their target price on Nebius Group from $126.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Citigroup raised their price target on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.25.

Insider Activity at Nebius Group

In other Nebius Group news, Director John Wilson Iv Boynton sold 5,812 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $253.29, for a total transaction of $1,472,121.48. Following the sale, the director directly owned 378,665 shares of the company’s stock, valued at $95,912,057.85. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Boaz Tal sold 5,100 shares of Nebius Group stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $199.39, for a total transaction of $1,016,889.00. Following the sale, the general counsel owned 80,754 shares of the company’s stock, valued at approximately $16,101,540.06. This trade represents a 5.94% 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. Insiders sold 700,710 shares of company stock worth $132,153,501 over the last three months.

Nebius Group Stock Performance

Shares of NBIS opened at $240.30 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 8.33 and a quick ratio of 8.33. Nebius Group N.V. has a 1-year low of $43.89 and a 1-year high of $299.86. The stock has a market cap of $60.80 billion, a price-to-earnings ratio of 77.52 and a beta of 4.03. The firm has a 50 day simple moving average of $211.62 and a 200-day simple moving average of $140.03.

Nebius Group (NASDAQ:NBIS) last announced its earnings results on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.54. The firm had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.The business’s revenue for the quarter was up 684.0% on a year-over-year basis. Equities analysts forecast that Nebius Group N.V. will post -1.91 EPS for the current fiscal year.

Nebius Group Company 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.