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

Vontobel Holding Ltd. acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,370 shares of the company's stock, valued at approximately $937,000.

Several other institutional investors also recently modified their holdings of NBIS. Henry James International Management Inc. acquired a new position in Nebius Group in the first quarter valued at $216,000. Colonial River Investments LLC acquired a new position in shares of Nebius Group during the first quarter valued at about $330,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Nebius Group during the first quarter valued at about $1,247,000. Perpetual Ltd acquired a new position in shares of Nebius Group during the first quarter valued at about $362,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of Nebius Group during the first quarter valued at about $57,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Trading Up 0.3%

Shares of NBIS traded up $0.13 on Friday, reaching $50.10. The company's stock had a trading volume of 5,143,329 shares, compared to its average volume of 11,276,531. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $55.75. The stock has a market capitalization of $11.81 billion, a PE ratio of -87.89 and a beta of 3.25. The firm has a fifty day moving average of $40.53 and a 200-day moving average of $33.67.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NBIS shares. DA Davidson upped their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday, June 16th. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Arete initiated coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. One research 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 stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $66.50.

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.