Compagnie Lombard Odier SCmA Invests $1.20 Million in Nebius Group N.V. (NASDAQ:NBIS)

Compagnie Lombard Odier SCmA bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,639 shares of the company's stock, valued at approximately $1,196,000.

Several other hedge funds have also recently bought and sold shares of NBIS. West Oak Capital LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $501,000. Fifth Third Bancorp acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $130,000. Ulland Investment Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $53,000. SG Americas Securities LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $3,415,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $152,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Price Performance

NASDAQ NBIS traded up $3.33 during trading on Monday, reaching $50.46. 14,376,739 shares of the company's stock were exchanged, compared to its average volume of 11,236,699. The business has a 50 day moving average price of $32.73 and a 200-day moving average price of $31.85. The stock has a market capitalization of $11.90 billion, a P/E ratio of -88.53 and a beta of 3.25. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $55.04.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. BWS Financial boosted their price target on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. DA Davidson boosted their price target on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Arete began coverage on Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $66.50.

About Nebius Group

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.