LRI Investments LLC Acquires 310 Shares of Nebius Group N.V. $NBIS

LRI Investments LLC raised its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 85.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 673 shares of the company’s stock after buying an additional 310 shares during the quarter. LRI Investments LLC’s holdings in Nebius Group were worth $37,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NBIS. Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group in the 1st quarter worth about $331,474,000. Accel Leaders 4 Associates L.P. acquired a new position in Nebius Group during the 1st quarter valued at about $96,704,000. Invesco Ltd. acquired a new position in Nebius Group during the 1st quarter valued at about $73,782,000. Fred Alger Management LLC acquired a new position in Nebius Group during the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in shares of Nebius Group in the 1st quarter valued at approximately $46,822,000. Institutional investors own 21.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NBIS. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research note on Saturday, September 27th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, BWS Financial raised their price target on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $91.20.

Nebius Group Stock Up 4.5%

Shares of NASDAQ NBIS opened at $135.46 on Tuesday. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $141.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The stock’s fifty day moving average is $88.44 and its 200 day moving average is $55.95. The stock has a market capitalization of $31.93 billion, a P/E ratio of -237.65 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last released its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.03. Nebius Group had a return on equity of 6.14% and a net margin of 99.34%.The firm had revenue of $105.10 million for the quarter, compared to analysts’ expectations of $95.60 million. Sell-side analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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.