8,495 Shares in Nebius Group N.V. $NBIS Bought by Albert D Mason Inc.

Key Points

• Albert D Mason Inc. purchased 8,495 shares of Nebius Group N.V. for approximately $470,000 in the second quarter.
• Several institutional investors, including Private Trust Co. NA and Essex LLC, made significant investments in Nebius Group, with notable purchases totaling over $1 million.
• Analysts have a majority "Buy" rating for Nebius Group, with price targets ranging from $75.00 to $130.00, and an average price target of $91.20.

Albert D Mason Inc. bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,495 shares of the company's stock, valued at approximately $470,000.

Several other institutional investors have also recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new position in shares of Nebius Group during the second quarter worth $212,000. Private Trust Co. NA purchased a new position in shares of Nebius Group during the second quarter worth $1,137,000. Aire Advisors LLC purchased a new position in shares of Nebius Group during the second quarter worth $285,000. Essex LLC purchased a new position in shares of Nebius Group during the second quarter worth $1,413,000. Finally, Harbour Investments Inc. raised its holdings in shares of Nebius Group by 1.8% during the second quarter. Harbour Investments Inc. now owns 23,724 shares of the company's stock worth $1,313,000 after purchasing an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NBIS shares. DA Davidson reissued a "buy" rating and set a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. BWS Financial lifted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Wall Street Zen raised shares of Nebius Group from a "sell" rating to a "hold" rating in a report on Tuesday, September 30th. Finally, Seaport Res Ptn raised shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Down 7.8%

Shares of NASDAQ NBIS opened at $113.44 on Friday. The company's 50-day simple moving average is $93.37 and its 200-day simple moving average is $58.26. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $141.10. The firm has a market cap of $26.74 billion, a price-to-earnings ratio of -199.02 and a beta of 3.45. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

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.

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