Orbis Allan Gray Ltd Acquires New Shares in Nebius Group N.V. $NBIS

Orbis Allan Gray Ltd acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,702,222 shares of the company's stock, valued at approximately $331,474,000. Nebius Group comprises about 1.9% of Orbis Allan Gray Ltd's portfolio, making the stock its 19th largest position. Orbis Allan Gray Ltd owned 6.67% of Nebius Group at the end of the most recent reporting period.

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A number of other large investors have also recently added to or reduced their stakes in the business. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group in the first quarter valued at approximately $96,704,000. Invesco Ltd. acquired a new position in Nebius Group in the first quarter valued at approximately $73,782,000. Greenwoods Asset Management Hong Kong Ltd. acquired a new position in Nebius Group in the first quarter valued at approximately $46,822,000. Tree Line Advisors Hong Kong Ltd. acquired a new position in Nebius Group in the first quarter valued at approximately $22,588,000. Finally, Burkehill Global Management LP acquired a new position in Nebius Group in the first quarter valued at approximately $18,476,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Down 5.2%

Shares of NASDAQ NBIS opened at $68.32 on Friday. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $75.96. The business's 50 day moving average is $57.44 and its two-hundred day moving average is $40.92. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of -119.86 and a beta of 3.36.

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Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $95.60 million. Research analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 target price on the stock. BWS Financial boosted their target price on Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Finally, Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $70.80.

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Read Our Latest Report on Nebius Group

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.

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