Nebius Group N.V. $NBIS Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. raised its Q2 stake in Nebius Group by 2.7%, adding 92,710 shares to hold 3,587,811 shares (1.52% of the company) valued at about $198.5 million.
• Multiple institutions opened sizable new positions (Orbis Allan Gray ~$331M, Accel Leaders ~$96.7M, Fred Alger ~$67.4M, Greenwoods HK ~$46.8M, Rovida ~$96.2M), and hedge funds/institutions now own 21.90% of NBIS.
• Analysts' consensus is a Buy with an average target of $144.71; the stock recently traded near $98.04 within a 52-week range of $18.31–$141.10 and shows a negative PE (-127.32) and high beta (3.83).

Invesco Ltd. raised its holdings in Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,587,811 shares of the company's stock after acquiring an additional 92,710 shares during the quarter. Invesco Ltd. owned 1.52% of Nebius Group worth $198,514,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Orbis Allan Gray Ltd purchased a new position in shares of Nebius Group in the 1st quarter valued at about $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the first quarter worth about $96,704,000. Fred Alger Management LLC purchased a new position in Nebius Group in the first quarter valued at about $67,431,000. Greenwoods Asset Management Hong Kong Ltd. purchased a new position in Nebius Group in the first quarter valued at about $46,822,000. Finally, Rovida Advisors Inc. acquired a new stake in shares of Nebius Group during the 2nd quarter valued at approximately $96,223,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NBIS shares. DA Davidson restated a "buy" rating and issued a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a research report on Monday, September 15th. The Goldman Sachs Group restated a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a research report on Wednesday, September 17th. Citizens Jmp assumed coverage on Nebius Group in a research note on Wednesday, November 19th. They set a "market outperform" rating and a $175.00 price target for the company. Finally, Northland Securities boosted their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nebius Group currently has an average rating of "Buy" and a consensus target price of $144.71.

Nebius Group Stock Performance

Shares of NASDAQ:NBIS opened at $98.04 on Monday. Nebius Group N.V. has a one year low of $18.31 and a one year high of $141.10. The stock has a market cap of $24.69 billion, a PE ratio of -127.32 and a beta of 3.83. The business's fifty day moving average price is $109.11 and its two-hundred day moving average price is $77.99.

About Nebius Group

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.

Want to see what other hedge funds are holding NBIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nebius Group N.V. (NASDAQ:NBIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.