Trifecta Capital Advisors LLC Buys New Stake in Nebius Group N.V. $NBIS

Trifecta Capital Advisors LLC bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,400 shares of the company's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NBIS. GAMMA Investing LLC acquired a new position in shares of Nebius Group during the 1st quarter valued at $80,000. Farther Finance Advisors LLC acquired a new position in Nebius Group in the 1st quarter worth $152,000. SG Americas Securities LLC acquired a new position in Nebius Group in the 1st quarter worth $3,415,000. Ulland Investment Advisors LLC acquired a new position in Nebius Group in the 1st quarter worth $53,000. Finally, Fifth Third Bancorp acquired a new position in Nebius Group in the 1st quarter worth $130,000. Institutional investors and hedge funds own 21.90% of the company's stock.

Nebius Group Price Performance

NBIS opened at $122.00 on Thursday. The company has a 50-day moving average of $83.70 and a 200-day moving average of $53.33. The company has a market capitalization of $28.76 billion, a P/E ratio of -214.04 and a beta of 3.45. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $135.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Nebius Group (NASDAQ:NBIS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. Equities analysts expect that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on NBIS shares. BWS Financial boosted their price objective on shares of Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. DA Davidson reiterated a "buy" rating and issued a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a "hold" rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Nebius Group in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $91.20.

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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