Greenwoods Asset Management Hong Kong Ltd. Acquires Shares of 2,218,014 Nebius Group N.V. $NBIS

Key Points

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Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,218,014 shares of the company's stock, valued at approximately $46,822,000. Nebius Group accounts for about 1.5% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 15th largest holding. Greenwoods Asset Management Hong Kong Ltd. owned 0.94% of Nebius Group at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group during the 1st quarter worth $96,704,000. Invesco Ltd. purchased a new position in Nebius Group in the 1st quarter worth $73,782,000. Burkehill Global Management LP purchased a new position in shares of Nebius Group in the first quarter valued at about $18,476,000. WCM Investment Management LLC purchased a new position in shares of Nebius Group in the first quarter valued at about $11,998,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Nebius Group in the first quarter valued at about $8,519,000. 21.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of analyst reports. DA Davidson boosted 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. Wall Street Zen cut shares of Nebius Group from a "hold" rating to a "sell" rating in a research report on Sunday. Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on shares of Nebius Group in a research report on Monday, July 14th. They set a "buy" rating and a $68.00 price target on the stock. Finally, BWS Financial boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, Nebius Group currently has a consensus rating of "Buy" and an average price target of $70.80.

Nebius Group Stock Up 0.4%

Shares of NASDAQ NBIS traded up $0.28 during midday trading on Wednesday, hitting $67.47. The stock had a trading volume of 14,085,996 shares, compared to its average volume of 13,579,998. The business's 50 day moving average is $54.53 and its 200-day moving average is $39.34. The company has a market cap of $15.91 billion, a P/E ratio of 75.49 and a beta of 3.36. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $75.96. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million for the quarter. The company's revenue was up 385 on a year-over-year basis. During the same period in the prior year, the firm earned ($0.25) EPS. As a group, analysts predict that Nebius Group N.V. will post -1.1 EPS for the current 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.