SBI Securities Co. Ltd. Sells 5,618 Shares of Nebius Group N.V. $NBIS

SBI Securities Co. Ltd. lessened its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 9.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,902 shares of the company’s stock after selling 5,618 shares during the period. SBI Securities Co. Ltd.’s holdings in Nebius Group were worth $2,982,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. First Dallas Securities Inc. acquired a new stake in shares of Nebius Group during the 2nd quarter worth approximately $315,000. Allworth Financial LP increased its stake in Nebius Group by 42.3% in the second quarter. Allworth Financial LP now owns 2,997 shares of the company’s stock valued at $166,000 after purchasing an additional 891 shares in the last quarter. FDx Advisors Inc. acquired a new position in shares of Nebius Group during the second quarter valued at about $444,000. Rathbones Group PLC bought a new position in shares of Nebius Group during the 2nd quarter worth about $1,047,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Nebius Group during the 2nd quarter worth about $4,071,000. Institutional investors own 21.90% of the company’s stock.

Analyst Ratings Changes

NBIS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research report on Tuesday. CICC Research assumed coverage on Nebius Group in a research report on Tuesday. They set an “outperform” rating and a $143.00 target price on the stock. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group restated a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Finally, Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and a consensus target price of $139.67.

Nebius Group Stock Performance

NBIS stock opened at $94.36 on Thursday. The stock has a fifty day moving average of $109.14 and a 200-day moving average of $70.26. Nebius Group N.V. has a fifty-two week low of $17.39 and a fifty-two week 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.

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.