Hodges Capital Management Inc. Sells 81,105 Shares of Nebius Group N.V. $NBIS

Hodges Capital Management Inc. trimmed its stake in Nebius Group N.V. (NASDAQ:NBIS) by 71.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 32,810 shares of the company’s stock after selling 81,105 shares during the period. Hodges Capital Management Inc.’s holdings in Nebius Group were worth $1,815,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in shares of Nebius Group during the first quarter valued at approximately $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group in the first quarter worth $96,704,000. Invesco Ltd. bought a new stake in shares of Nebius Group during the first quarter worth $73,782,000. Fred Alger Management LLC bought a new stake in shares of Nebius Group during the first quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group during the first quarter valued at $46,822,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Performance

Nebius Group stock opened at $111.28 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business has a fifty day moving average of $107.00 and a two-hundred day moving average of $68.95. Nebius Group N.V. has a twelve month low of $17.39 and a twelve month high of $141.10.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. On average, research analysts predict that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research note on Wednesday. BWS Financial lifted their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $91.20.

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.