Perpetual Ltd Acquires New Stake in Nebius Group N.V. (NASDAQ:NBIS)

Perpetual Ltd acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,145 shares of the company's stock, valued at approximately $362,000.

Other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new position in Nebius Group in the 1st quarter valued at $860,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Nebius Group in the 1st quarter worth $453,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Nebius Group in the 1st quarter worth $1,196,000. Fifth Third Bancorp acquired a new stake in shares of Nebius Group in the 1st quarter worth $130,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Nebius Group in the 1st quarter worth $152,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Trading Down 1.4%

Shares of NASDAQ:NBIS opened at $51.84 on Friday. The business has a 50-day moving average price of $37.70 and a 200 day moving average price of $32.95. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of -90.95 and a beta of 3.25. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $55.04.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NBIS. BWS Financial raised their target price on Nebius Group from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. DA Davidson raised their target price on Nebius Group from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Arete Research raised Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. Northland Capmk raised Nebius Group to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen raised Nebius Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. One 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 MarketBeat, the company presently has an average rating of "Buy" and an average price target of $66.50.

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.

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