Sigma Planning Corp Has $1.81 Million Stock Position in Nebius Group N.V. $NBIS

Sigma Planning Corp raised its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 60.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,552 shares of the company’s stock after acquiring an additional 2,460 shares during the quarter. Sigma Planning Corp’s holdings in Nebius Group were worth $1,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group in the second quarter worth $1,012,097,322. State Street Corp boosted its stake in shares of Nebius Group by 2,391.3% during the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock worth $269,474,000 after buying an additional 3,090,103 shares during the last quarter. Capital Research Global Investors bought a new stake in Nebius Group during the fourth quarter worth about $231,635,000. Jennison Associates LLC raised its holdings in Nebius Group by 134.3% during the second quarter. Jennison Associates LLC now owns 3,983,899 shares of the company’s stock worth $1,100,233,000 after acquiring an additional 2,283,676 shares in the last quarter. Finally, Accel Leaders 3 Associates L.P. acquired a new position in Nebius Group during the second quarter valued at approximately $621,908,604. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Charles E. Ryan sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $265.53, for a total transaction of $13,276,500.00. Following the transaction, the director directly owned 272,533 shares of the company’s stock, valued at approximately $72,365,687.49. This trade represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 16,937 shares of Nebius Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total transaction of $3,987,816.65. Following the completion of the sale, the chief technology officer owned 274,763 shares of the company’s stock, valued at $64,692,948.35. This trade represents a 5.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 174,221 shares of company stock valued at $42,871,270 in the last 90 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NBIS. Bank of America upped their price objective on Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Freedom Capital raised shares of Nebius Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. DA Davidson restated a “neutral” rating and set a $175.00 target price on shares of Nebius Group in a report on Thursday, August 13th. Weiss Ratings lowered shares of Nebius Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley increased their price target on shares of Nebius Group from $126.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Nebius Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $206.32 on Tuesday. The stock has a market cap of $52.20 billion, a P/E ratio of -6,875.04 and a beta of 4.23. The stock has a 50 day simple moving average of $216.41 and a 200 day simple moving average of $179.08. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.82. Nebius Group N.V. has a 1-year low of $63.26 and a 1-year high of $299.86.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.55. The firm had revenue of $582.30 million for the quarter, compared to analyst estimates of $567.91 million. Nebius Group had a negative return on equity of 6.03% and a net margin of 4.55%.The company’s revenue for the quarter was up 454% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Research analysts anticipate that Nebius Group N.V. will post -3.76 earnings per share for the current 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.