GF Fund Management CO. LTD. Buys Shares of 18,478 Nebius Group N.V. (NASDAQ:NBIS)

GF Fund Management CO. LTD. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,478 shares of the company's stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new position in shares of Nebius Group in the first quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new position in shares of Nebius Group in the first quarter valued at approximately $36,000. Ulland Investment Advisors LLC purchased a new position in shares of Nebius Group in the first quarter valued at approximately $53,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Nebius Group in the first quarter valued at approximately $57,000. Finally, GAMMA Investing LLC purchased a new position in shares of Nebius Group in the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

Nebius Group stock traded up $0.13 during trading on Friday, reaching $50.10. 5,143,329 shares of the company were exchanged, compared to its average volume of 11,276,531. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $55.75. The company has a market capitalization of $11.81 billion, a P/E ratio of -87.89 and a beta of 3.25. The stock's 50 day simple moving average is $40.53 and its two-hundred day simple moving average is $33.67.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson raised their target price on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded Nebius Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $66.50.

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.