Henry James International Management Inc. Invests $216,000 in Nebius Group N.V. (NASDAQ:NBIS)

Henry James International Management Inc. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,244 shares of the company's stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NBIS. Whipplewood Advisors LLC bought a new position in Nebius Group in the 1st quarter worth approximately $36,000. Ulland Investment Advisors LLC bought a new stake in Nebius Group in the first quarter valued at $53,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Nebius Group during the first quarter worth $57,000. GAMMA Investing LLC bought a new stake in shares of Nebius Group during the first quarter worth $80,000. Finally, Fifth Third Bancorp bought a new stake in shares of Nebius Group during the first quarter worth $130,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NBIS has been the topic of several research analyst reports. Arete Research upgraded Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Arete began coverage on Nebius Group in a research note on Thursday, June 5th. They set a "buy" rating and a $84.00 price target on the stock. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, DA Davidson upped their price target on Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday, June 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $66.50.

Nebius Group Stock Performance

NASDAQ:NBIS traded down $0.54 during mid-day trading on Wednesday, hitting $49.77. The company had a trading volume of 6,364,541 shares, compared to its average volume of 12,950,068. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $55.75. The business's fifty day moving average is $38.96 and its two-hundred day moving average is $33.25. The firm has a market cap of $11.73 billion, a P/E ratio of -87.18 and a beta of 3.25.

Nebius Group Company 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.