22,131 Shares in Nebius Group N.V. $NBIS Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 22,131 shares of the company’s stock, valued at approximately $1,852,000.

A number of other hedge funds have also added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd raised its stake in shares of Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after purchasing an additional 1,949,708 shares during the last quarter. Fred Alger Management LLC raised its position in Nebius Group by 33.4% in the 3rd quarter. Fred Alger Management LLC now owns 10,132,279 shares of the company’s stock valued at $1,137,551,000 after buying an additional 2,536,832 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its stake in Nebius Group by 55.7% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,607,497 shares of the company’s stock valued at $517,284,000 after acquiring an additional 1,648,497 shares in the last quarter. Morgan Stanley boosted its holdings in Nebius Group by 35.2% during the 4th quarter. Morgan Stanley now owns 3,704,659 shares of the company’s stock worth $310,099,000 after acquiring an additional 964,984 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Nebius Group by 2,391.3% in the 4th quarter. State Street Corp now owns 3,219,326 shares of the company’s stock worth $269,474,000 after acquiring an additional 3,090,103 shares in the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Stock Performance

NASDAQ NBIS opened at $260.07 on Tuesday. The company has a market capitalization of $65.80 billion, a PE ratio of 83.89 and a beta of 4.03. 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 $43.89 and a 52-week high of $278.84. The company has a 50-day simple moving average of $187.49 and a 200 day simple moving average of $129.09.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $375.13 million. Nebius Group’s revenue was up 684.0% on a year-over-year basis. On average, research analysts predict that Nebius Group N.V. will post -1.91 EPS for the current year.

Analysts Set New Price Targets

NBIS has been the subject of several analyst reports. BNP Paribas Exane initiated coverage on shares of Nebius Group in a report on Tuesday, June 2nd. They issued a “neutral” rating and a $255.00 target price for the company. Citigroup upped their price objective on shares of Nebius Group from $169.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald started coverage on shares of Nebius Group in a research report on Thursday, April 9th. They set an “overweight” rating and a $129.00 target price on the stock. Weiss Ratings upgraded Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.25.

Insiders Place Their Bets

In other Nebius Group news, insider Andrey Korolenko sold 500,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was 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 $118,937,877.16. This trade represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Elena Bunina sold 10,894 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $206.87, for a total value of $2,253,641.78. Following the completion of the sale, the director owned 10,772 shares in the company, valued at approximately $2,228,403.64. The trade was a 50.28% 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 have sold 700,710 shares of company stock valued at $132,153,501 in the last quarter.

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.