LRI Investments LLC Purchases 310 Shares of Nebius Group N.V. $NBIS

LRI Investments LLC increased its stake in Nebius Group N.V. (NASDAQ:NBIS) by 85.4% during the second quarter, Holdings Channel.com reports. The fund owned 673 shares of the company’s stock after buying an additional 310 shares during the period. LRI Investments LLC’s holdings in Nebius Group were worth $37,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NBIS. GAMMA Investing LLC acquired a new position in Nebius Group in the first quarter valued at approximately $80,000. Farther Finance Advisors LLC purchased a new stake in Nebius Group in the 1st quarter valued at $152,000. Fifth Third Bancorp purchased a new stake in Nebius Group in the 1st quarter valued at $130,000. Elevation Point Wealth Partners LLC purchased a new stake in Nebius Group in the 1st quarter valued at $324,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Nebius Group in the 1st quarter valued at $2,621,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Stock Up 4.5%

NBIS stock opened at $135.46 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. The company has a market capitalization of $31.93 billion, a price-to-earnings ratio of -237.65 and a beta of 3.45. Nebius Group N.V. has a fifty-two week low of $14.09 and a fifty-two week high of $141.10. The stock has a fifty day moving average of $88.44 and a 200-day moving average of $55.95.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate 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 return on equity of 6.14% and a net margin of 99.34%. As a group, equities research analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NBIS has been the subject of several research analyst reports. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research report on Monday, September 15th. BWS Financial raised their target price on Nebius Group from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research report on Saturday, September 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $91.20.

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.