SG Americas Securities LLC Buys Shares of 161,755 Nebius Group N.V. (NASDAQ:NBIS)

SG Americas Securities LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 161,755 shares of the company's stock, valued at approximately $3,415,000. SG Americas Securities LLC owned approximately 0.07% of Nebius Group as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NBIS. Whipplewood Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $36,000. GAMMA Investing LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $80,000. Farther Finance Advisors LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $152,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $453,000. Finally, Intellectus Partners LLC purchased a new stake in shares of Nebius Group in the first quarter valued at about $570,000. Hedge funds and other institutional investors own 21.90% of the company's stock.

Nebius Group Price Performance

Shares of NBIS traded down $2.13 during mid-day trading on Tuesday, reaching $48.33. 11,383,686 shares of the company's stock were exchanged, compared to its average volume of 11,238,334. The stock has a market capitalization of $11.39 billion, a PE ratio of -84.79 and a beta of 3.25. The business's fifty day simple moving average is $33.22 and its 200-day simple moving average is $31.96. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $55.04.

Analyst Ratings Changes

NBIS has been the topic of a number of recent analyst reports. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an "outperform" rating in a research report on Wednesday, May 21st. BWS Financial upped 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. Arete initiated coverage on shares of Nebius Group in a research report on Thursday, June 5th. They issued a "buy" rating and a $84.00 target price on the stock. Arete Research raised shares of Nebius Group to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, DA Davidson upped their target price on shares of Nebius Group from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.