Trellis Wealth Advisors LLC Invests $278,000 in Nebius Group N.V. $NBIS

Key Points

• Trellis Wealth Advisors LLC has invested approximately $278,000 in Nebius Group N.V., acquiring 5,033 shares in the second quarter.
• Several large investors have also shown interest in Nebius Group, with notable purchases exceeding $331 million from Orbis Allan Gray Ltd.
• Analysts have mixed views on Nebius Group, with a consensus rating of "Buy" and a target price around $91.20, while BWS Financial significantly raised their price objective to $130.00.

Trellis Wealth Advisors LLC purchased a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,033 shares of the company's stock, valued at approximately $278,000.

A number of other large investors also recently bought and sold shares of the business. Orbis Allan Gray Ltd purchased a new position in Nebius Group during the 1st quarter valued at about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group during the 1st quarter valued at about $96,704,000. Invesco Ltd. purchased a new position in Nebius Group during the 1st quarter valued at about $73,782,000. Fred Alger Management LLC purchased a new position in Nebius Group during the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in Nebius Group during the 1st quarter valued at about $46,822,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NBIS shares. Weiss Ratings restated a "hold (c+)" rating on shares of Nebius Group in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Nebius Group from a "sell" rating to a "hold" rating in a research note on Tuesday. DA Davidson restated a "buy" rating and set a $75.00 price objective on shares of Nebius Group in a research note on Tuesday, September 9th. BWS Financial raised their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $91.20.

Nebius Group Stock Performance

Shares of NBIS stock opened at $127.98 on Friday. The company has a 50 day moving average price of $79.50 and a 200-day moving average price of $51.37. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $132.98. The firm has a market capitalization of $30.17 billion, a PE ratio of -224.53 and a beta of 3.45. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. The firm had revenue of $105.10 million during the quarter, compared to analyst estimates of $95.60 million. As a group, equities research analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current year.

About Nebius Group

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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