Nebius Group N.V. $NBIS Stock Position Decreased by Fifth Third Bancorp

Fifth Third Bancorp trimmed its stake in Nebius Group N.V. (NASDAQ:NBIS) by 14.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,273 shares of the company’s stock after selling 871 shares during the quarter. Fifth Third Bancorp’s holdings in Nebius Group were worth $292,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Nebius Group by 4.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company’s stock valued at $388,000 after purchasing an additional 326 shares during the period. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group in the 2nd quarter valued at $31,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Nebius Group in the 2nd quarter valued at $40,000. Salem Investment Counselors Inc. boosted its position in shares of Nebius Group by 1,413.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,135 shares of the company’s stock valued at $63,000 after purchasing an additional 1,060 shares during the period. Finally, IFP Advisors Inc acquired a new position in shares of Nebius Group in the 1st quarter valued at $25,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

NASDAQ NBIS opened at $112.27 on Wednesday. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $117.65. The stock’s 50-day moving average is $75.22 and its two-hundred day moving average is $49.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70. The firm has a market cap of $26.47 billion, a P/E ratio of -196.96 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. On average, analysts anticipate that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research report on Monday, September 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday. BWS Financial raised their target price on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Arete Research raised Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $91.20.

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.