Krane Funds Advisors LLC Takes Position in Nebius Group N.V. (NASDAQ:NBIS)

Krane Funds Advisors LLC purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,214 shares of the company's stock, valued at approximately $743,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC bought a new position in shares of Nebius Group in the first quarter valued at approximately $11,998,000. Vontobel Holding Ltd. purchased a new stake in Nebius Group in the 1st quarter worth approximately $937,000. Henry James International Management Inc. purchased a new stake in Nebius Group in the 1st quarter worth approximately $216,000. Colonial River Investments LLC bought a new position in Nebius Group in the 1st quarter valued at $330,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Nebius Group during the 1st quarter valued at $1,247,000. 21.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Northland Capmk upgraded Nebius Group to a "strong-buy" rating in a research report on Tuesday, May 6th. BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Arete began coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Finally, DA Davidson boosted their price target 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. 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. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $66.50.

Nebius Group Price Performance

NASDAQ NBIS traded up $0.13 on Thursday, reaching $50.10. 5,143,329 shares of the company's stock traded hands, compared to its average volume of 11,276,531. Nebius Group N.V. has a 12 month low of $14.09 and a 12 month high of $55.75. The stock has a market cap of $11.81 billion, a PE ratio of -87.89 and a beta of 3.25. The stock has a 50-day simple moving average of $40.02 and a 200 day simple moving average of $33.48.

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.