Tree Line Advisors Hong Kong Ltd. Invests $22.59 Million in Nebius Group N.V. $NBIS

Key Points

• Tree Line Advisors Hong Kong Ltd. has acquired a stake worth approximately $22.59 million in Nebius Group N.V., representing 5.6% of its overall investment portfolio.
• Nebius Group's stock has experienced significant fluctuations, with a 12-month range between $14.09 and $75.96, and it had a notable quarterly revenue growth of 385% year-over-year.
• Analysts have mixed perspectives on Nebius Group, with ratings ranging from "strong-buy" to "sell," and a consensus target price of approximately $70.80.

Tree Line Advisors Hong Kong Ltd. bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,070,000 shares of the company's stock, valued at approximately $22,588,000. Nebius Group comprises 5.6% of Tree Line Advisors Hong Kong Ltd.'s investment portfolio, making the stock its 7th biggest position. Tree Line Advisors Hong Kong Ltd. owned 0.45% of Nebius Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new position in shares of Nebius Group during the 1st quarter valued at about $25,000. First Horizon Advisors Inc. purchased a new position in shares of Nebius Group during the first quarter worth approximately $33,000. Banque Cantonale Vaudoise bought a new stake in shares of Nebius Group in the 1st quarter worth approximately $33,000. Manchester Capital Management LLC purchased a new stake in shares of Nebius Group in the 1st quarter valued at $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Nebius Group during the 1st quarter valued at $36,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Up 0.4%

NBIS stock opened at $67.47 on Thursday. The business has a 50 day moving average of $54.53 and a 200 day moving average of $39.34. The firm has a market cap of $15.91 billion, a PE ratio of -118.37 and a beta of 3.36. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $75.96. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.48) EPS for the quarter. The business had revenue of $55.30 million during the quarter. During the same period in the prior year, the business earned ($0.25) EPS. The firm's quarterly revenue was up 385 on a year-over-year basis. On average, research analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NBIS. Northland Securities set a $47.00 target price on Nebius Group and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Northland Capmk raised shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th. Arete initiated coverage on Nebius Group in a research report on Thursday, June 5th. They set a "buy" rating and a $84.00 price target for the company. BWS Financial increased their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Wall Street Zen downgraded Nebius Group from a "hold" rating to a "sell" rating in a report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $70.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.