Harbour Investments Inc. Buys 4,288 Shares of Nebius Group N.V. $NBIS

Harbour Investments Inc. boosted its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,113 shares of the company’s stock after buying an additional 4,288 shares during the quarter. Harbour Investments Inc.’s holdings in Nebius Group were worth $2,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Global Assets Advisory LLC bought a new stake in Nebius Group during the 4th quarter valued at about $410,000. Clearstead Advisors LLC lifted its holdings in Nebius Group by 19.7% during the 4th quarter. Clearstead Advisors LLC now owns 6,287 shares of the company’s stock valued at $526,000 after buying an additional 1,036 shares in the last quarter. Legal & General Group Plc lifted its holdings in Nebius Group by 151.9% during the 4th quarter. Legal & General Group Plc now owns 1,092,206 shares of the company’s stock valued at $91,423,000 after buying an additional 658,623 shares in the last quarter. Swedbank AB bought a new stake in Nebius Group during the 4th quarter valued at about $4,389,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Nebius Group during the 4th quarter valued at about $167,000. Institutional investors own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Nebius Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Cantor Fitzgerald started coverage on Nebius Group in a report on Thursday, April 9th. They issued an “overweight” rating and a $129.00 price objective for the company. Citigroup lifted their price objective on Nebius Group from $169.00 to $287.00 and gave the company a “buy” rating in a report on Friday, May 15th. BWS Financial lifted their price objective on Nebius Group from $130.00 to $200.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, Freedom Capital cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and an average target price of $182.75.

Insider Activity at Nebius Group

In other Nebius Group news, CTO Danila Shtan sold 13,489 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total value of $1,332,443.42. Following the completion of the transaction, the chief technology officer owned 307,378 shares of the company’s stock, valued at approximately $30,362,798.84. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $101,620,000.00. Following the completion of the transaction, the insider directly owned 585,209 shares of the company’s stock, valued at approximately $118,937,877.16. This represents a 46.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 666,935 shares of company stock worth $123,541,848.

Nebius Group Trading Up 0.1%

NASDAQ NBIS opened at $208.37 on Thursday. The company has a quick ratio of 8.33, a current ratio of 8.33 and a debt-to-equity ratio of 1.16. The firm has a market cap of $52.72 billion, a PE ratio of 67.22 and a beta of 4.03. The company has a 50 day moving average price of $154.40 and a 200 day moving average price of $115.88. Nebius Group N.V. has a 52 week low of $34.72 and a 52 week high of $233.73.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.77) by $0.54. The firm had revenue of $399.00 million during the quarter, compared to analyst estimates of $375.13 million. Nebius Group had a net margin of 95.27% and a negative return on equity of 9.11%. The business’s revenue for the quarter was up 684.0% on a year-over-year basis. As a group, sell-side analysts forecast that Nebius Group N.V. will post -2.33 EPS for the current fiscal year.

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.