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) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,925 shares of the company's stock, valued at approximately $1,247,000.

A number of other hedge funds have also bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new position in shares of Nebius Group during the 1st quarter valued at approximately $36,000. Ulland Investment Advisors LLC purchased a new position in Nebius Group in the first quarter valued at $53,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Nebius Group in the first quarter worth about $57,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth about $80,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Nebius Group during the 1st quarter valued at about $130,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Stock Down 4.8%

Shares of NBIS traded down $2.40 during midday trading on Monday, reaching $47.85. The company had a trading volume of 6,331,723 shares, compared to its average volume of 11,249,532. The firm has a 50 day simple moving average of $40.53 and a 200-day simple moving average of $33.72. The stock has a market cap of $11.28 billion, a PE ratio of -84.14 and a beta of 3.25. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $55.75.

Analyst Upgrades and Downgrades

NBIS has been the topic of a number of recent analyst reports. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial lifted their target price on shares of Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, DA Davidson upped their price target on shares of Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price 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.