International Assets Investment Management LLC Makes New Investment in Nebius Group N.V. $NBIS

Key Points

• International Assets Investment Management LLC has purchased 8,086 shares of Nebius Group N.V. worth approximately $447,000, marking a new investment in the company during the 2nd quarter.
• A number of institutional investors have also increased their stakes in Nebius Group, with Orbis Allan Gray Ltd leading with a new stake valued at about $331 million.
• Although Nebius Group's stock is currently down 4.3%, the company reported better-than-expected earnings with a revenue of $105.10 million, surpassing analyst estimates.

International Assets Investment Management LLC bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,086 shares of the company's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new stake in shares of Nebius Group in the first quarter worth approximately $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group in the 1st quarter worth approximately $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group in the 1st quarter worth approximately $73,782,000. Fred Alger Management LLC acquired a new stake in shares of Nebius Group during the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in shares of Nebius Group during the 1st quarter valued at $46,822,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Down 4.3%

NBIS opened at $104.28 on Wednesday. The firm has a market cap of $24.58 billion, a P/E ratio of -182.95 and a beta of 3.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The business has a 50 day moving average price of $94.72 and a 200 day moving average price of $59.68. Nebius Group N.V. has a twelve month low of $16.71 and a twelve month high of $141.10.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The company had revenue of $105.10 million for the quarter, compared to analyst estimates of $95.60 million. Research analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on NBIS. Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a report on Monday, September 15th. The Goldman Sachs Group restated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. BWS Financial raised their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Finally, DA Davidson reissued a "buy" rating and issued a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $91.20.

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.

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