Caitong International Asset Management Co. Ltd Makes New $1.79 Million Investment in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Caitong International Asset Management Co. Ltd acquired 84,868 shares of Nebius Group N.V. for approximately $1.79 million, making it the company's 9th largest holding at about 1.3% of its portfolio.
• A series of research upgrades have been made for Nebius Group, with a consensus rating of "Buy" and a target price of $70.80, reflecting positive analyst sentiment in the market.
• Nebius Group's stock has shown substantial volatility, with a 52-week low of $14.09 and a high of $75.96, emphasizing its market potential and risk factors.

Caitong International Asset Management Co. Ltd bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,868 shares of the company's stock, valued at approximately $1,792,000. Nebius Group comprises 1.3% of Caitong International Asset Management Co. Ltd's portfolio, making the stock its 9th biggest holding.

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

Nebius Group Trading Down 3.1%

Shares of NASDAQ:NBIS traded down $2.17 during trading on Thursday, reaching $68.46. The stock had a trading volume of 13,004,600 shares, compared to its average volume of 13,005,292. The firm's fifty day moving average is $53.04 and its 200 day moving average is $38.28. 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 52 week low of $14.09 and a 52 week high of $75.96. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of -120.11 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The firm had revenue of $55.30 million for the quarter. During the same period last year, the company posted ($0.25) EPS. The business's revenue was up 385 on a year-over-year basis. As a group, equities analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NBIS shares. DA Davidson upped their price target on shares of Nebius Group from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. BWS Financial raised their price target on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Northland Securities set a $47.00 price target on shares of Nebius Group and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Arete initiated coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective on the stock. Finally, Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Nebius Group currently has an average rating of "Buy" and a consensus price target of $70.80.

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.