Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Nebius Group N.V. $NBIS

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 73,584 shares of the company’s stock, valued at approximately $4,071,000.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in Nebius Group during the 1st quarter valued at $25,000. Signaturefd LLC raised its stake in shares of Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new stake in shares of Nebius Group in the 2nd quarter valued at about $31,000. Banque Cantonale Vaudoise bought a new position in shares of Nebius Group during the first quarter worth about $33,000. Finally, Assetmark Inc. lifted its position in shares of Nebius Group by 102.0% during the second quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares during the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Stock Down 6.1%

Shares of Nebius Group stock opened at $88.63 on Friday. Nebius Group N.V. has a twelve month low of $17.39 and a twelve month high of $141.10. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $109.61 and its 200-day simple moving average is $70.39.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. CICC Research began coverage on Nebius Group in a report on Tuesday. They issued an “outperform” rating and a $143.00 price objective for the company. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a research report on Monday, September 15th. Northland Securities boosted their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research report on Tuesday. Finally, BWS Financial reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Nebius Group in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Nebius Group presently has a consensus rating of “Buy” and an average 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.