617,045 Shares in Nebius Group N.V. $NBIS Bought by Amundi

Key Points

• Amundi has acquired a new stake in Nebius Group N.V., purchasing 617,045 shares valued at approximately $13.4 million, constituting 0.26% of the company.
• Nebius Group's stock experienced significant trading activity, with a current market capitalization of $22.02 billion and a recent trading price of $93.39 per share.
• Analysts have set various price targets for Nebius Group, with an average target of $80.80, reflecting a consensus "Buy" rating among research analysts.

Amundi purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 617,045 shares of the company's stock, valued at approximately $13,433,000. Amundi owned 0.26% of Nebius Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NBIS. Centaurus Financial Inc. purchased a new position in shares of Nebius Group during the 4th quarter worth approximately $9,505,000. GAMMA Investing LLC purchased a new position in shares of Nebius Group during the 1st quarter worth approximately $80,000. Whipplewood Advisors LLC purchased a new position in shares of Nebius Group during the 1st quarter worth approximately $36,000. Intellectus Partners LLC purchased a new position in shares of Nebius Group during the 1st quarter worth approximately $570,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Nebius Group during the 1st quarter worth approximately $453,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

NBIS has been the topic of a number of research analyst reports. Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Arete assumed coverage on Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price target on the stock. BWS Financial boosted their price target on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on Nebius Group in a research report on Monday, July 14th. They issued a "buy" rating and a $68.00 price target on the stock. Finally, Northland Securities set a $47.00 price target on Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $80.80.

Nebius Group Stock Performance

Shares of NASDAQ NBIS traded down $0.35 during midday trading on Friday, hitting $88.84. 17,671,402 shares of the stock traded hands, compared to its average volume of 13,470,082. The firm has a 50-day moving average of $61.75 and a two-hundred day moving average of $42.90. The firm has a market capitalization of $20.94 billion, a P/E ratio of -155.10 and a beta of 3.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group N.V. has a one year low of $14.09 and a one year high of $100.51.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.03. The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. On average, equities analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

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.