SBI Securities 13F: Cuts Nebius (NBIS) Stake by $4.1M

SBI Securities trimmed its position in Nebius Group N.V. NBIS by 17,457 shares during the quarter, according to a Form 13F filing submitted to the SEC on October 22, 2026. The filing reveals that the fund held 64,556 shares worth about $15.2 million at the end of the reporting period, following a 21.3% reduction from its prior holding of 82,013 shares. Nebius Group N.V. closed at $156.00 on the day of the filing.

NBIS Nebius Group N.V.

$156.65 ▲ +74.15% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in SBI Securities's Nebius Group N.V. Position

The fund cut its stake in the technology company by 17,457 shares, resulting in a 21.3% decrease from the 82,013 shares held previously. The remaining 64,556 shares had a reported value of $15,227,469 at the time of the filing.

Other Institutional Activity in Nebius Group N.V.

AdvisorNet Financial sold out its position, cutting 4,411 shares to end with zero shares. Orbis Allan Gray Ltd cut 1,820,118 shares to hold 6,494,719 shares worth $1,012,656,574. Value Aligned Research Advisors, LLC grew its holdings by 290,672 shares, ending with 6,104,121 shares worth about $951,754,535. Fred Alger Management, LLC dropped 3,872,097 shares to finish with 5,726,557 shares valued at $892,884,756. Situational Awareness LP opened a new position by adding 2,232,130 shares for a total of 4,464,260 shares worth $696,067,411.

Nebius Group N.V. Stock Down 5.2%

Nebius Group N.V. recently traded around $162.53 as of October 22, 2026, up about 4.2% since its $156.00 close on the filing date.

Recent Earnings

Nebius Group N.V. reported trailing twelve-month revenue of $1.36 billion and earnings of $1.28 per share. The company posted a net margin of 3.1% and a return on equity of 0.6%.

Insider Buying and Selling at Nebius Group N.V.

Director John Wilson Boynton IV sold 7,260 shares on October 15, 2026, at an average price of $177.63 for a total value of $1,289,585.81 under a planned 10b5-1 schedule. Director Arne Grimme bought 148 shares on October 15, 2026, at $169.99, another 148 shares on October 16, 2026, at $169.99, and 148 shares on October 19, 2026, at $169.99.

Analysts Set New Price Targets

On September 21, 2026, Rothschild & Co initiated coverage with a Sell rating and an $84.00 price target. BNP Paribas upgraded the stock to Outperform on September 24, 2026, lifting its target from $260.00 to $399.00. William Blair initiated an Outperform rating on September 30, 2026. Rosenblatt initiated a Buy rating with a $304.00 target on October 8, 2026. Piper Sandler maintained a Neutral rating on October 21, 2026, while adjusting its target from $237.00 to $185.00. Wall Street maintains a Buy consensus on the stock with a mean price target of $283.60 across 20 analyst opinions.

About Nebius Group N.V.

Nebius Group N.V. builds full-stack infrastructure for the artificial intelligence industry. Headquartered in Schiphol, Netherlands, the company provides large-scale GPU clusters, cloud computing platforms, and developer tools to clients across the United States, the United Kingdom, and international markets.

Bottom Line

Investors will watch the company's upcoming earnings report on November 10, 2026, for further updates on its financial progress and infrastructure deployment.