Ellis Investment Partners LLC Makes New $863,000 Investment in Nebius Group N.V. $NBIS

Key Points

• Ellis Investment Partners LLC has made a new investment of approximately $863,000 in Nebius Group N.V. by purchasing 15,598 shares during the second quarter.
• Several institutional investors increased their stakes in Nebius Group, with 21.90% of the stock now owned by these investors.
• Analysts have a consensus rating of "Buy" for Nebius Group, with a price target averaging $91.20, reflecting positive sentiment about the company's future performance.

Ellis Investment Partners LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,598 shares of the company's stock, valued at approximately $863,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company's stock worth $25,000 after buying an additional 250 shares in the last quarter. LRI Investments LLC lifted its position in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company's stock worth $37,000 after buying an additional 310 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Nebius Group by 4.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company's stock worth $388,000 after buying an additional 326 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group during the 2nd quarter worth about $31,000. Finally, CWM LLC increased its stake in shares of Nebius Group by 93.8% during the 2nd quarter. CWM LLC now owns 1,221 shares of the company's stock worth $68,000 after purchasing an additional 591 shares during the last quarter. 21.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NBIS. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Nebius Group in a research note on Saturday, September 27th. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. The Goldman Sachs Group restated a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Finally, Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a research note on Monday, September 15th. Two investment 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 company has a consensus rating of "Buy" and an average price target of $91.20.

Nebius Group Stock Down 2.3%

Shares of NBIS opened at $129.58 on Monday. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $141.10. The firm has a market cap of $30.55 billion, a P/E ratio of -227.33 and a beta of 3.45. The firm's 50-day simple moving average is $86.82 and its 200 day simple moving average is $55.16. 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 (NASDAQ:NBIS - Get Free Report) last announced its quarterly 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 business had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. On average, analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current year.

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.

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