Vontobel Holding Ltd. Invests $937,000 in Nebius Group N.V. (NASDAQ:NBIS)

Vontobel Holding Ltd. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,370 shares of the company's stock, valued at approximately $937,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in Nebius Group during the first quarter worth about $36,000. Ulland Investment Advisors LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $53,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $57,000. GAMMA Investing LLC acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $80,000. Finally, Fifth Third Bancorp acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $130,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Trading Down 3.3%

NBIS traded down $1.64 during trading on Monday, hitting $48.61. 3,039,959 shares of the company's stock traded hands, compared to its average volume of 12,822,373. The company's 50 day simple moving average is $40.53 and its two-hundred day simple moving average is $33.72. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $55.75. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of -85.32 and a beta of 3.25.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. DA Davidson upped their target price on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Arete began coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Northland Securities set a $47.00 price objective on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average 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.