MY.Alpha Management HK Advisors Ltd Purchases New Position in Nebius Group N.V. $NBIS

Key Points

• MY.Alpha Management HK Advisors Ltd has invested approximately $6.53 million in Nebius Group N.V., acquiring 309,254 shares and making it the 12th largest position in their portfolio.
• Other significant investments this quarter include Accel Leaders 4 Associates L.P. with $96.7 million and Invesco Ltd. with approximately $73.8 million in new stakes.
• Nebius Group N.V. reported a quarter revenue of $55.3 million and analysts predict a future EPS of -1.1, with current ratings ranging from "buy" to "strong buy."

MY.Alpha Management HK Advisors Ltd acquired a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 309,254 shares of the company's stock, valued at approximately $6,528,000. Nebius Group makes up 3.2% of MY.Alpha Management HK Advisors Ltd's holdings, making the stock its 12th largest holding. MY.Alpha Management HK Advisors Ltd owned 0.13% of Nebius Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NBIS. IFP Advisors Inc purchased a new stake in shares of Nebius Group in the first quarter worth $25,000. First Horizon Advisors Inc. purchased a new stake in shares of Nebius Group in the first quarter worth $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Nebius Group in the first quarter worth $33,000. Manchester Capital Management LLC purchased a new stake in shares of Nebius Group in the first quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new position in Nebius Group in the first quarter valued at $36,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DA Davidson increased their target price on Nebius Group from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Arete assumed coverage on Nebius Group in a research note on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $70.80.

Nebius Group Trading Down 1.9%

Shares of NASDAQ:NBIS traded down $1.29 on Thursday, reaching $66.18. 7,979,933 shares of the company traded hands, compared to its average volume of 12,934,562. The business's 50-day simple moving average is $54.53 and its 200 day simple moving average is $39.34. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $75.96. The stock has a market capitalization of $15.60 billion, a P/E ratio of -116.11 and a beta of 3.36. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $55.30 million during the quarter. The firm's revenue was up 385 compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.25) EPS. As a group, equities analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

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.