31,073 Shares in Nebius Group N.V. $NBIS Acquired by Westbourne Investments Inc.

Westbourne Investments Inc. purchased a new position in Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,073 shares of the company’s stock, valued at approximately $1,719,000.

A number of other large investors also recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd purchased a new position in Nebius Group in the 1st quarter worth approximately $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in Nebius Group in the 1st quarter worth approximately $96,704,000. Invesco Ltd. bought a new stake in Nebius Group in the 1st quarter worth approximately $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group in the 1st quarter worth approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in Nebius Group in the 1st quarter worth approximately $46,822,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Price Performance

Shares of NBIS stock opened at $89.43 on Wednesday. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $100.51. The stock has a market capitalization of $21.08 billion, a price-to-earnings ratio of -156.89 and a beta of 3.55. The stock has a fifty day simple moving average of $64.26 and a two-hundred day simple moving average of $44.15. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31.

Nebius Group (NASDAQ:NBIS) last issued 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 firm had revenue of $105.10 million during the quarter, compared to analysts’ expectations of $95.60 million. On average, analysts predict that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BWS Financial lifted their price objective on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Arete assumed coverage on Nebius Group in a research note on Thursday, June 5th. They issued a “buy” rating and a $84.00 price objective on the stock. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research note on Monday. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, The Goldman Sachs Group assumed coverage on Nebius Group in a research note on Monday, July 14th. They issued a “buy” rating and a $68.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and a consensus target price of $80.80.

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.