Essex LLC Makes New $1.41 Million Investment in Nebius Group N.V. $NBIS

Key Points

• Essex LLC has made a new investment of approximately $1.41 million in Nebius Group N.V., acquiring 25,530 shares during the second quarter.
• Institutional investors now hold 21.90% of Nebius Group's stock, with significant new stakes from firms like Orbis Allan Gray Ltd and Accel Leaders 4 Associates L.P. in the first quarter.
• Analysts have given Nebius Group a consensus rating of "Buy", with price targets ranging from $90.00 to $130.00 across various reports.

Essex LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,530 shares of the company's stock, valued at approximately $1,413,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Orbis Allan Gray Ltd acquired a new stake in Nebius Group in the 1st quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in shares of Nebius Group during the 1st quarter worth about $96,704,000. Invesco Ltd. purchased a new position in shares of Nebius Group during the 1st quarter worth about $73,782,000. Fred Alger Management LLC acquired a new stake in shares of Nebius Group in the first quarter worth approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group in the first quarter valued at approximately $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NBIS has been the subject of several research analyst reports. BWS Financial upped their price target on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. The Goldman Sachs Group reissued a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nebius Group in a report on Tuesday. Finally, Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Nebius Group has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $128.15 on Wednesday. The firm's fifty day simple moving average is $89.90 and its 200 day simple moving average is $56.45. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $141.10. The firm has a market capitalization of $30.21 billion, a price-to-earnings ratio of -224.82 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.03. The business had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%. As a group, equities research analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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.

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