Finer Wealth Management Inc. Acquires New Holdings in Nebius Group N.V. (NASDAQ:NBIS)

Key Points

• Finer Wealth Management Inc. has made a new investment in Nebius Group N.V., acquiring 10,000 shares valued at approximately $211,000 in the first quarter.
• Several institutional investors have also recently purchased stakes in Nebius Group, contributing to a total of 21.90% ownership by hedge funds and institutional investors.
• Nebius Group reported a significant revenue increase of 385% year-over-year, with earnings of ($0.48) per share for the latest quarter.

Finer Wealth Management Inc. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,000 shares of the company's stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. purchased a new stake in shares of Nebius Group in the first quarter worth about $73,782,000. Burkehill Global Management LP purchased a new stake in shares of Nebius Group during the 1st quarter valued at $18,476,000. WCM Investment Management LLC purchased a new position in Nebius Group in the 1st quarter worth $11,998,000. DekaBank Deutsche Girozentrale purchased a new position in Nebius Group in the 1st quarter worth $8,519,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Nebius Group during the 4th quarter valued at about $9,505,000. 21.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. The Goldman Sachs Group began coverage on shares of Nebius Group in a research note on Monday, July 14th. They issued a "buy" rating and a $68.00 price objective on the stock. DA Davidson raised their price objective on shares of Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, BWS Financial raised their price objective on shares of Nebius Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $70.80.

Nebius Group Trading Down 6.2%

Shares of NASDAQ:NBIS traded down $4.70 during trading on Wednesday, hitting $70.63. 18,656,682 shares of the company's stock were exchanged, compared to its average volume of 13,477,486. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $75.96. The firm has a 50-day moving average price of $52.59 and a two-hundred day moving average price of $37.98. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The firm has a market cap of $16.65 billion, a P/E ratio of 84.64 and a beta of 3.36.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its quarterly earnings results 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 quarter in the previous year, the business posted ($0.25) earnings per share. The business's quarterly revenue was up 385 compared to the same quarter last year. Equities analysts predict 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.