Hsbc Holdings PLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,754 shares of the company's stock, valued at approximately $3,330,000. Hsbc Holdings PLC owned approximately 0.07% of Nebius Group as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the 1st quarter worth about $96,704,000. Invesco Ltd. bought a new position in Nebius Group in the 1st quarter worth about $73,782,000. Burkehill Global Management LP bought a new position in Nebius Group in the 1st quarter worth about $18,476,000. WCM Investment Management LLC bought a new position in Nebius Group in the 1st quarter worth about $11,998,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Nebius Group in the 1st quarter worth about $8,519,000. Hedge funds and other institutional investors own 21.90% of the company's stock.
Nebius Group Price Performance
Shares of Nebius Group stock opened at $70.48 on Wednesday. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $16.62 billion, a PE ratio of -123.65 and a beta of 3.36. The business's 50-day moving average price is $56.12 and its 200-day moving average price is $40.32. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $75.96.
Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $47.60 million during the quarter, compared to analysts' expectations of $95.60 million. Sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on NBIS. Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. The Goldman Sachs Group began coverage on Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 target price on the stock. DA Davidson upped their target price on Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $70.80.
Check Out Our Latest Stock Report on NBIS
Nebius Group Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NBIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nebius Group N.V. (NASDAQ:NBIS - Free Report).
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