6,715 Shares in Nebius Group N.V. $NBIS Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,715 shares of the company’s stock, valued at approximately $372,000.

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

Analyst Ratings Changes

NBIS has been the subject of several analyst reports. BWS Financial raised their target price on Nebius Group from $90.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a research 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 research report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nebius Group in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $91.20.

Nebius Group Trading Down 4.3%

Shares of NBIS opened at $104.28 on Wednesday. The stock has a fifty day moving average price of $94.72 and a two-hundred day moving average price of $59.68. The company has a market cap of $24.58 billion, a price-to-earnings ratio of -182.95 and a beta of 3.45. Nebius Group N.V. has a 52-week low of $16.71 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.

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