Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Nebius Group N.V. $NBIS

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 34,371.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 93,762 shares of the company’s stock after acquiring an additional 93,490 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nebius Group were worth $7,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbor Advisors LLC lifted its stake in shares of Nebius Group by 0.4% in the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after buying an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. lifted its stake in shares of Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock worth $51,000 after buying an additional 125 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Nebius Group by 73.8% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $28,000 after buying an additional 141 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in shares of Nebius Group by 6.2% in the fourth quarter. WealthCare Investment Partners LLC now owns 2,589 shares of the company’s stock worth $233,000 after buying an additional 150 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Nebius Group by 6.1% in the fourth quarter. CWM LLC now owns 2,628 shares of the company’s stock worth $220,000 after buying an additional 152 shares in the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

Shares of NBIS opened at $157.08 on Friday. Nebius Group N.V. has a 1-year low of $21.45 and a 1-year high of $168.71. The stock has a market cap of $39.55 billion, a PE ratio of -107.59 and a beta of 4.20. The firm has a 50-day simple moving average of $116.65 and a two-hundred day simple moving average of $105.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). Nebius Group had a net margin of 19.02% and a negative return on equity of 11.70%. The company had revenue of $227.70 million for the quarter, compared to analyst estimates of $246.05 million. As a group, analysts forecast that Nebius Group N.V. will post -2.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NBIS shares. Freedom Capital downgraded shares of Nebius Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Nebius Group in a research note on Tuesday, April 14th. Citigroup started coverage on shares of Nebius Group in a research note on Monday, March 16th. They issued a “buy” rating and a $169.00 price target on the stock. DA Davidson raised their price target on shares of Nebius Group from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Compass Point initiated coverage on shares of Nebius Group in a research note on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.75.

Insider Buying and Selling at Nebius Group

In other Nebius Group news, CRO Marc Boroditsky sold 4,500 shares of Nebius Group stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $160.10, for a total transaction of $720,450.00. Following the completion of the sale, the executive directly owned 42,162 shares in the company, valued at $6,750,136.20. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Danila Shtan sold 13,489 shares of Nebius Group stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $98.78, for a total transaction of $1,332,443.42. Following the sale, the chief technology officer owned 307,378 shares of the company’s stock, valued at approximately $30,362,798.84. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 129,740 shares of company stock valued at $14,672,401.

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.