Nvidia Corp Takes Position in Nebius Group N.V. $NBIS

Key Points

• Nvidia Corp has invested approximately $25.13 million in Nebius Group N.V., acquiring 1,190,476 shares, making it the fifth largest holding in Nvidia's portfolio.
• Institutional investors collectively own 21.90% of Nebius Group's stock, with several hedge funds also establishing significant stakes in the company during the first quarter.
• Nebius Group reported a quarterly loss of ($0.44) earnings per share (EPS), missing estimates, while the stock currently holds an average price target of $70.80 from analysts.

Nvidia Corp purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,190,476 shares of the company's stock, valued at approximately $25,131,000. Nebius Group makes up about 2.2% of Nvidia Corp's investment portfolio, making the stock its 5th largest position. Nvidia Corp owned 0.50% of Nebius Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Nebius Group in the 1st quarter worth approximately $25,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group during the 1st quarter worth about $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group during the 1st quarter worth about $33,000. Manchester Capital Management LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Nebius Group during the 1st quarter worth about $36,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Stock Up 51.7%

Shares of Nebius Group stock traded up $33.12 during trading hours on Tuesday, reaching $97.18. 69,389,435 shares of the company's stock were exchanged, compared to its average volume of 12,995,993. The company has a 50 day moving average of $59.19 and a two-hundred day moving average of $41.81. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $98.68. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock has a market cap of $22.91 billion, a P/E ratio of -170.99 and a beta of 3.55.

Nebius Group (NASDAQ:NBIS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.03). The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $95.60 million. On average, sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on NBIS. DA Davidson restated a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a research report on Tuesday. 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 report on Thursday, June 5th. They issued a "buy" rating and a $84.00 price objective for the company. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Finally, BWS Financial upped their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $80.80.

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.