California State Teachers Retirement System Has $17.17 Billion Stock Holdings in Nebius Group N.V. $NBIS

California State Teachers Retirement System grew its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 23,011.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 62,163,381 shares of the company’s stock after buying an additional 61,894,404 shares during the quarter. California State Teachers Retirement System owned approximately 0.25% of Nebius Group worth $17,167,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC grew its position in Nebius Group by 2.0% during the second quarter. Confluence Investment Management LLC now owns 2,475 shares of the company’s stock worth $684,000 after buying an additional 48 shares in the last quarter. Jasper Ridge Partners L.P. raised its holdings in Nebius Group by 0.5% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 16,132 shares of the company’s stock valued at $4,455,000 after acquiring an additional 74 shares in the last quarter. Ancora Advisors LLC raised its holdings in Nebius Group by 18.8% in the 2nd quarter. Ancora Advisors LLC now owns 475 shares of the company’s stock valued at $131,000 after acquiring an additional 75 shares in the last quarter. N.E.W. Advisory Services LLC lifted its position in shares of Nebius Group by 76.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 176 shares of the company’s stock valued at $49,000 after acquiring an additional 76 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Nebius Group by 2.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,977 shares of the company’s stock valued at $309,000 after acquiring an additional 79 shares during the period. Institutional investors own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

NBIS has been the topic of several analyst reports. Wall Street Zen raised Nebius Group from a “strong sell” rating to a “sell” rating in a report on Sunday, August 16th. Zacks Research cut shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. 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 price objective for the company. DA Davidson reiterated a “neutral” rating and set a $175.00 price objective on shares of Nebius Group in a research note on Thursday, August 13th. Finally, Robert W. Baird raised their target price on shares of Nebius Group from $250.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $226.00.

Insider Activity at Nebius Group

In other Nebius Group news, CTO Danila Shtan sold 16,937 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $235.45, for a total value of $3,987,816.65. Following the completion of the transaction, the chief technology officer directly owned 274,763 shares in the company, valued at approximately $64,692,948.35. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles E. Ryan sold 50,000 shares of Nebius Group stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $265.53, for a total value of $13,276,500.00. Following the sale, the director directly owned 272,533 shares in the company, valued at $72,365,687.49. The trade was a 15.50% 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 a total of 159,013 shares of company stock worth $39,216,975 over the last 90 days.

Nebius Group Price Performance

NBIS stock opened at $226.39 on Tuesday. The stock has a market cap of $57.28 billion, a price-to-earnings ratio of -7,543.82 and a beta of 4.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.03 and a quick ratio of 4.03. The company has a 50 day simple moving average of $211.89 and a 200 day simple moving average of $183.27. 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 earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share 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 net margin of 4.55% and a negative return on equity of 6.03%. The company’s quarterly revenue was up 454% on a year-over-year basis. During the same quarter last year, the business posted $2.38 earnings per share. Research analysts anticipate that Nebius Group N.V. will post -3.76 EPS for the current fiscal 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.