Pictet Asset Management Holding SA Sells 9,827 Shares of Nebius Group N.V. $NBIS

Pictet Asset Management Holding SA decreased its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,535 shares of the company’s stock after selling 9,827 shares during the period. Pictet Asset Management Holding SA’s holdings in Nebius Group were worth $58,887,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vermillion Wealth Management Inc. grew its position in shares of Nebius Group by 20.0% in the first quarter. Vermillion Wealth Management Inc. now owns 600 shares of the company’s stock valued at $62,000 after purchasing an additional 100 shares during the last quarter. Calton & Associates Inc. lifted its position in shares of Nebius Group by 2.7% during the 4th quarter. Calton & Associates Inc. now owns 4,774 shares of the company’s stock worth $400,000 after purchasing an additional 124 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Nebius Group by 46.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 424 shares of the company’s stock worth $44,000 after purchasing an additional 135 shares during the last quarter. Keybank National Association OH boosted its stake in Nebius Group by 5.7% during the 4th quarter. Keybank National Association OH now owns 2,584 shares of the company’s stock valued at $216,000 after purchasing an additional 140 shares during the period. Finally, Blue Trust Inc. boosted its stake in Nebius Group by 73.8% during 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 period. 21.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on NBIS shares. Freedom Capital lowered Nebius Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings raised Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Bank of America raised their price objective on shares of Nebius Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. BNP Paribas Exane assumed coverage on shares of Nebius Group in a research report on Tuesday, June 2nd. They set a “neutral” rating and a $255.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Nebius Group in a research note on Thursday, April 16th. They set a “peer perform” rating for the company. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $203.25.

Insider Activity at Nebius Group

In related news, CFO Sanchez Maria Del Dado Alonso sold 1,509 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $276.20, for a total value of $416,785.80. Following the completion of the transaction, the chief financial officer directly owned 12,672 shares in the company, valued at approximately $3,500,006.40. This represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Wilson Iv Boynton sold 5,812 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $253.29, for a total value of $1,472,121.48. Following the completion of the transaction, the director directly owned 378,665 shares of the company’s stock, valued at approximately $95,912,057.85. This trade represents a 1.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 660,245 shares of company stock worth $128,156,368 in the last three months.

Nebius Group Stock Up 8.7%

NBIS stock opened at $261.15 on Tuesday. Nebius Group N.V. has a twelve month low of $43.89 and a twelve month high of $299.86. The company has a market cap of $66.08 billion, a PE ratio of 84.24 and a beta of 4.03. The business’s 50-day simple moving average is $213.54 and its 200 day simple moving average is $141.19. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.54. The firm had revenue of $399.00 million for the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a negative return on equity of 9.11% and a net margin of 95.27%.Nebius Group’s quarterly revenue was up 684.0% compared to the same quarter last year. On average, research analysts anticipate that Nebius Group N.V. will post -1.91 earnings per share for the current year.

Nebius Group 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.