1,740,647 Shares in Nebius Group N.V. $NBIS Purchased by Rovida Advisors Inc.

Rovida Advisors Inc. bought a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,740,647 shares of the company’s stock, valued at approximately $96,223,000. Nebius Group accounts for 15.2% of Rovida Advisors Inc.’s portfolio, making the stock its 2nd biggest position. Rovida Advisors Inc. owned 0.74% of Nebius Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NBIS. Bank of New York Mellon Corp acquired a new stake in shares of Nebius Group during the first quarter worth about $462,000. Envestnet Asset Management Inc. purchased a new stake in Nebius Group during the 1st quarter worth approximately $2,046,000. Allworth Financial LP acquired a new stake in Nebius Group during the 1st quarter worth approximately $44,000. Larson Financial Group LLC purchased a new position in Nebius Group in the 1st quarter valued at approximately $41,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in Nebius Group in the 1st quarter valued at approximately $1,108,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Price Performance

Shares of Nebius Group stock opened at $88.63 on Friday. 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 N.V. has a 52 week low of $17.39 and a 52 week high of $141.10. The firm’s 50 day moving average is $109.61 and its two-hundred day moving average is $70.39.

Analysts Set New Price Targets

Several analysts have recently issued reports on NBIS shares. BWS Financial reiterated a “buy” rating and issued a $130.00 price objective on shares of Nebius Group in a research note on Thursday. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Northland Securities increased their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Nebius Group in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Nebius Group currently has an average rating of “Buy” and a consensus target price of $139.67.

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.