161,755 Shares in Nebius Group N.V. (NASDAQ:NBIS) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 161,755 shares of the company's stock, valued at approximately $3,415,000. SG Americas Securities LLC owned 0.07% of Nebius Group at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new position in Nebius Group in the first quarter valued at about $36,000. GAMMA Investing LLC acquired a new position in Nebius Group in the first quarter worth about $80,000. Farther Finance Advisors LLC acquired a new position in Nebius Group in the first quarter worth about $152,000. SeaCrest Wealth Management LLC acquired a new position in Nebius Group in the first quarter worth about $453,000. Finally, Intellectus Partners LLC acquired a new position in Nebius Group in the first quarter worth about $570,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Down 6.3%

Shares of NASDAQ NBIS traded down $3.15 during mid-day trading on Friday, hitting $47.13. 14,295,130 shares of the company traded hands, compared to its average volume of 11,216,523. Nebius Group N.V. has a 1 year low of $14.09 and a 1 year high of $55.04. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of -82.68 and a beta of 3.25. The business has a 50 day moving average of $32.12 and a two-hundred day moving average of $31.58.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Arete Research upgraded Nebius Group to a "strong-buy" rating in a research note on Thursday, June 5th. DA Davidson set a $45.00 target price on shares of Nebius Group and gave the stock a "buy" rating in a report on Monday, May 19th. Northland Securities set a $47.00 price target on Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, BWS Financial lifted their price target on Nebius Group from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $64.00.

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.