TB Alternative Assets Ltd. Acquires New Shares in Nebius Group N.V. (NASDAQ:NBIS)

TB Alternative Assets Ltd. bought a new position in Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 140,090 shares of the company's stock, valued at approximately $2,957,000. Nebius Group makes up approximately 0.7% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 28th biggest position. TB Alternative Assets Ltd. owned approximately 0.06% of Nebius Group at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in Nebius Group in the first quarter worth about $36,000. GAMMA Investing LLC bought a new position in Nebius Group in the first quarter worth about $80,000. SeaCrest Wealth Management LLC bought a new position in Nebius Group in the first quarter worth about $453,000. Intellectus Partners LLC bought a new position in Nebius Group in the first quarter worth about $570,000. Finally, Centaurus Financial Inc. bought a new position in Nebius Group in the fourth quarter worth about $9,505,000. 21.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NBIS has been the subject of a number of recent research reports. Arete Research upgraded shares of Nebius Group to a "strong-buy" rating in a report on Thursday. 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. Arete initiated coverage on shares of Nebius Group in a report on Thursday. They set a "buy" rating and a $84.00 price objective on the stock. Northland Securities set a $47.00 price objective on shares of Nebius Group and gave the company an "outperform" rating in a report on Wednesday, May 21st. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $59.00.

Nebius Group Stock Up 4.3%

NBIS opened at $48.28 on Friday. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $50.87. The company has a market cap of $11.38 billion, a P/E ratio of -84.70 and a beta of 3.25. The firm's 50-day moving average price is $29.21 and its 200-day moving average price is $30.60.

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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