15,646 Shares in Nebius Group N.V. (NASDAQ:NBIS) Bought by Colonial River Investments LLC

Colonial River Investments LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,646 shares of the company's stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. PFG Investments LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $860,000. SeaCrest Wealth Management LLC acquired a new position in shares of Nebius Group during the first quarter worth approximately $453,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Nebius Group during the first quarter worth approximately $1,196,000. Fifth Third Bancorp bought a new stake in shares of Nebius Group in the first quarter valued at approximately $130,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Nebius Group in the first quarter worth $152,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $51.84 on Friday. The firm has a market cap of $12.22 billion, a P/E ratio of -90.95 and a beta of 3.25. The firm's 50-day simple moving average is $37.70 and its 200-day simple moving average is $32.95. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $55.04.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. DA Davidson boosted their price target on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $66.50.

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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