LPL Financial LLC Invests $2.71 Million in Nebius Group N.V. $NBIS

Key Points

• LPL Financial LLC has acquired 128,283 shares of Nebius Group N.V., valued at approximately $2.7 million, during the 1st quarter of the year.
• Nebius Group reported a quarterly revenue increase of 385% year-over-year, but posted a loss of ($0.48) earnings per share for the quarter.
• Analysts have mixed ratings for Nebius Group, with a consensus "Buy" rating and a target price of $70.80, reflecting optimism despite its current financial performance.

LPL Financial LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 128,283 shares of the company's stock, valued at approximately $2,708,000. LPL Financial LLC owned about 0.05% of Nebius Group as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PFG Investments LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $860,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $453,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $8,519,000. Colonial River Investments LLC acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $330,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Nebius Group in the first quarter valued at approximately $937,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Down 2.6%

Shares of NBIS traded down $1.7440 on Wednesday, reaching $65.4460. The company's stock had a trading volume of 10,767,960 shares, compared to its average volume of 12,942,900. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $75.96. The stock has a market capitalization of $15.43 billion, a PE ratio of -114.77 and a beta of 3.36. The firm has a fifty day moving average of $54.20 and a 200-day moving average of $39.15.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The business had revenue of $55.30 million for the quarter. The business's revenue for the quarter was up 385 on a year-over-year basis. During the same period last year, the business posted ($0.25) earnings per share. Equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Upgrades and Downgrades

NBIS has been the subject of several research analyst reports. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group initiated coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research note on Sunday. BWS Financial boosted their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $70.80.

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.