FDx Advisors Inc. Takes $444,000 Position in Nebius Group N.V. $NBIS

FDx Advisors Inc. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,018 shares of the company’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rathbones Group PLC bought a new stake in Nebius Group in the second quarter valued at approximately $1,047,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Nebius Group during the 2nd quarter worth approximately $4,071,000. Black Swift Group LLC bought a new stake in Nebius Group in the 2nd quarter valued at $360,000. Trivest Advisors Ltd acquired a new stake in Nebius Group during the 2nd quarter valued at $12,261,000. Finally, First Horizon Advisors Inc. boosted its position in Nebius Group by 130.0% during the second quarter. First Horizon Advisors Inc. now owns 3,607 shares of the company’s stock worth $200,000 after purchasing an additional 2,039 shares during the period. Institutional investors own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

NBIS has been the topic of several research analyst reports. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Nebius Group in a research report on Wednesday. DA Davidson restated a “buy” rating and set a $75.00 price objective on shares of Nebius Group in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $91.20.

Nebius Group Trading Up 1.7%

NASDAQ NBIS opened at $111.28 on Friday. The firm has a 50-day moving average price of $107.00 and a two-hundred day moving average price of $68.62. Nebius Group N.V. has a 12-month low of $17.39 and a 12-month high of $141.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

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