Vestor Capital LLC Invests $2.83 Million in Nebius Group N.V. (NASDAQ:NBIS)

Vestor Capital LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 134,213 shares of the company's stock, valued at approximately $2,833,000. Vestor Capital LLC owned approximately 0.06% of Nebius Group as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. WCM Investment Management LLC bought a new position in Nebius Group during the first quarter valued at $11,998,000. DekaBank Deutsche Girozentrale bought a new position in Nebius Group during the first quarter valued at $8,519,000. Centaurus Financial Inc. bought a new position in Nebius Group during the fourth quarter valued at $9,505,000. SG Americas Securities LLC bought a new position in Nebius Group during the first quarter valued at $3,415,000. Finally, TB Alternative Assets Ltd. bought a new position in Nebius Group during the first quarter valued at $2,957,000. 21.90% of the stock is owned by institutional investors.

Nebius Group Stock Down 1.5%

NASDAQ:NBIS traded down $0.79 during trading hours on Friday, hitting $51.37. 6,196,349 shares of the company's stock traded hands, compared to its average volume of 10,738,512. The firm has a market cap of $12.11 billion, a P/E ratio of -90.12 and a beta of 3.25. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $58.16. The business's fifty day simple moving average is $47.03 and its two-hundred day simple moving average is $35.89.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on NBIS. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Northland Securities set a $47.00 target price on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. DA Davidson increased their target price on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of "Buy" and a consensus target price of $66.80.

Nebius Group Company 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.