Apollon Wealth Management LLC Takes $373,000 Position in Nebius Group N.V. $NBIS

Key Points

• Apollon Wealth Management LLC has acquired a new stake in Nebius Group N.V. valued at approximately $373,000, purchasing 6,749 shares during the second quarter.
• Several other institutional investors also increased their stakes in Nebius Group, with 21.90% of the stock now held by hedge funds and institutional investors.
• Wall Street analysts generally maintain a Buy consensus rating for Nebius Group, with target prices ranging from $91.20 to $130.00.

Apollon Wealth Management LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,749 shares of the company's stock, valued at approximately $373,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new stake in Nebius Group during the 2nd quarter worth approximately $31,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Nebius Group during the 2nd quarter worth approximately $40,000. ORG Partners LLC increased its stake in Nebius Group by 369.1% during the 2nd quarter. ORG Partners LLC now owns 760 shares of the company's stock worth $39,000 after buying an additional 598 shares during the period. Finally, Albion Financial Group UT purchased a new stake in Nebius Group during the 2nd quarter worth approximately $55,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several research reports. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. BWS Financial lifted their target price on 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 Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Nebius Group in a research note on Tuesday. 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 company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $91.20.

Nebius Group Stock Down 7.8%

Shares of NASDAQ:NBIS opened at $113.44 on Friday. The firm has a 50 day simple moving average of $93.37 and a 200-day simple moving average of $58.26. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $141.10. 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 company has a market capitalization of $26.74 billion, a PE ratio of -199.02 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. On average, 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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