Oak Grove Capital LLC Takes Position in Nebius Group N.V. $NBIS

Oak Grove Capital LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 49,300 shares of the company’s stock, valued at approximately $2,728,000. Nebius Group comprises approximately 0.4% of Oak Grove Capital LLC’s portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc bought a new stake in shares of Nebius Group in the 1st quarter valued at about $25,000. Signaturefd LLC lifted 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 acquiring an additional 250 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of Nebius Group in the 2nd quarter valued at about $31,000. First Horizon Advisors Inc. bought a new stake in shares of Nebius Group in the 1st quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise purchased a new position in Nebius Group during the 1st quarter valued at about $33,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Trading Up 10.5%

NBIS stock opened at $117.26 on Monday. Nebius Group N.V. has a fifty-two week low of $17.27 and a fifty-two week high of $141.10. The business’s 50 day moving average price is $96.95 and its two-hundred day moving average price is $61.76. 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 (NASDAQ:NBIS) last posted its earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping 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 the consensus estimate of $95.60 million. Sell-side analysts forecast that Nebius Group N.V. will post -1.1 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on NBIS. Seaport Res Ptn upgraded Nebius Group to a “hold” rating in a report on Monday, September 15th. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. BWS Financial boosted 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. The Goldman Sachs Group restated a “buy” rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nebius Group in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.20.

Nebius Group Company 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.