56,639 Shares in Nebius Group N.V. (NASDAQ:NBIS) Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 56,639 shares of the company's stock, valued at approximately $1,196,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NBIS. Whipplewood Advisors LLC bought a new position in shares of Nebius Group during the first quarter worth approximately $36,000. Ulland Investment Advisors LLC acquired a new stake in Nebius Group during the first quarter worth approximately $53,000. GAMMA Investing LLC bought a new position in Nebius Group during the 1st quarter worth $80,000. Fifth Third Bancorp acquired a new position in Nebius Group in the 1st quarter valued at $130,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Nebius Group during the 1st quarter valued at $152,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NBIS shares. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Arete began coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price for the company. BWS Financial upped their price target on shares of Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday. DA Davidson set a $45.00 price objective on shares of Nebius Group and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Nebius Group has a consensus rating of "Buy" and an average price target of $64.00.

Nebius Group Price Performance

Shares of NBIS traded down $3.15 during trading hours on Friday, hitting $47.13. The stock had a trading volume of 14,295,130 shares, compared to its average volume of 11,216,522. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $55.04. The firm has a market capitalization of $11.11 billion, a P/E ratio of -82.68 and a beta of 3.25. The firm has a 50 day simple moving average of $31.58 and a 200-day simple moving average of $31.33.

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.