J.W. Cole Advisors Inc. Has $3.76 Million Stake in Nebius Group N.V. $NBIS

J.W. Cole Advisors Inc. increased its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 123.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,488 shares of the company’s stock after buying an additional 18,533 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Nebius Group were worth $3,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd grew its holdings in shares of Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after purchasing an additional 1,949,708 shares in the last quarter. Rovida Advisors Inc. bought a new position in Nebius Group in the second quarter worth $96,223,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Nebius Group during the second quarter worth $49,337,000. JPMorgan Chase & Co. boosted its stake in Nebius Group by 297.4% during the second quarter. JPMorgan Chase & Co. now owns 848,336 shares of the company’s stock worth $46,938,000 after buying an additional 634,838 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Nebius Group in the 1st quarter valued at $11,563,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Down 10.3%

NBIS stock opened at $73.87 on Friday. Nebius Group N.V. has a twelve month low of $18.31 and a twelve month high of $141.10. The company has a market cap of $18.60 billion, a P/E ratio of -95.94 and a beta of 3.90. The business has a fifty day moving average of $93.30 and a 200-day moving average of $91.47.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NBIS. Citizens Jmp initiated coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price target for the company. Morgan Stanley assumed coverage on Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 target price for the company. Northland Securities increased their price objective on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday. Finally, Weiss Ratings lowered shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nebius Group has a consensus rating of “Moderate Buy” and an average target price of $142.38.

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.