Nebius Group N.V. $NBIS is Long Walk Management LP’s 7th Largest Position

Long Walk Management LP lessened its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 5.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 473,250 shares of the company’s stock after selling 26,750 shares during the quarter. Nebius Group comprises approximately 10.7% of Long Walk Management LP’s holdings, making the stock its 7th biggest position. Long Walk Management LP’s holdings in Nebius Group were worth $53,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Orbis Allan Gray Ltd lifted its holdings in Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after acquiring an additional 1,949,708 shares during the period. Rovida Advisors Inc. purchased a new stake in shares of Nebius Group during the 2nd quarter valued at $96,223,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Nebius Group during the 2nd quarter valued at $49,337,000. JPMorgan Chase & Co. raised its stake in shares of Nebius Group by 297.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 848,336 shares of the company’s stock worth $46,938,000 after purchasing an additional 634,838 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Nebius Group in the 1st quarter worth about $11,563,000. 21.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NBIS shares. BWS Financial restated a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a report on Thursday, November 13th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings downgraded Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Citizens Jmp began coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price for the company. Finally, CICC Research started coverage on Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.38.

Nebius Group Stock Up 9.2%

NBIS opened at $98.01 on Tuesday. The stock has a market cap of $24.68 billion, a PE ratio of -127.29 and a beta of 3.91. The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Nebius Group N.V. has a 52 week low of $18.31 and a 52 week high of $141.10. The business’s fifty day simple moving average is $92.37 and its 200 day simple moving average is $94.00.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%.The firm had revenue of $227.70 million for the quarter, compared to the consensus estimate of $246.05 million. As a group, research analysts expect that Nebius Group N.V. will post -1.1 earnings per share 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.