58,925 Shares in Nebius Group N.V. (NASDAQ:NBIS) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,925 shares of the company's stock, valued at approximately $1,247,000.

Other large investors have also modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in shares of Nebius Group in the fourth quarter valued at about $9,505,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $80,000. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $36,000. Intellectus Partners LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $570,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $453,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Stock Performance

Shares of NBIS traded down $0.74 during mid-day trading on Tuesday, hitting $47.10. 8,416,195 shares of the company's stock were exchanged, compared to its average volume of 11,250,836. The company has a market cap of $11.10 billion, a price-to-earnings ratio of -82.63 and a beta of 3.25. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $55.75. The stock's 50-day moving average is $41.47 and its 200-day moving average is $33.96.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NBIS shares. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a report on Thursday, June 5th. BWS Financial upped their price objective on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Arete assumed coverage on shares of Nebius Group in a report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Northland Securities set a $47.00 target price on shares of Nebius Group and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target 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.