GF Fund Management CO. LTD. Makes New Investment in Nebius Group N.V. (NASDAQ:NBIS)

GF Fund Management CO. LTD. acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,478 shares of the company's stock, valued at approximately $390,000.

A number of other institutional investors have also made changes to their positions in NBIS. Centaurus Financial Inc. acquired a new stake in shares of Nebius Group during the fourth quarter worth $9,505,000. GAMMA Investing LLC bought a new stake in Nebius Group in the first quarter valued at approximately $80,000. Whipplewood Advisors LLC bought a new stake in Nebius Group in the first quarter valued at approximately $36,000. Intellectus Partners LLC bought a new position in shares of Nebius Group during the 1st quarter worth approximately $570,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Nebius Group in the 1st quarter valued at $453,000. 21.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. DA Davidson upped their price objective on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. BWS Financial increased 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, June 10th. Finally, Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $66.50.

Nebius Group Stock Performance

NASDAQ NBIS traded down $0.89 during trading hours on Wednesday, reaching $46.21. The company's stock had a trading volume of 8,687,786 shares, compared to its average volume of 11,237,931. The company's 50-day moving average is $41.47 and its two-hundred day moving average is $33.96. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $55.75. The stock has a market cap of $10.89 billion, a PE ratio of -81.07 and a beta of 3.25.

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.