Investment House LLC Buys 113,554 Shares of Nebius Group N.V. $NBIS

Investment House LLC increased its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 90.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,759 shares of the company’s stock after purchasing an additional 113,554 shares during the period. Investment House LLC owned approximately 0.10% of Nebius Group worth $13,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NBIS. LPL Financial LLC bought a new stake in Nebius Group in the 1st quarter worth approximately $2,708,000. US Bancorp DE bought a new stake in shares of Nebius Group in the first quarter worth $247,000. PNC Financial Services Group Inc. bought a new stake in shares of Nebius Group in the first quarter worth $198,000. Deutsche Bank AG purchased a new stake in Nebius Group during the first quarter valued at $3,217,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Nebius Group in the first quarter valued at about $443,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NBIS. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a research report on Monday. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. CICC Research started coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Northland Securities upped their target price on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Finally, Citizens Jmp started 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 on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $144.71.

Nebius Group Trading Down 2.9%

Shares of NASDAQ:NBIS opened at $93.59 on Thursday. The stock has a 50 day moving average of $108.16 and a 200 day moving average of $78.94. The company has a market cap of $23.57 billion, a PE ratio of -121.55 and a beta of 3.83. Nebius Group N.V. has a 12-month low of $18.31 and a 12-month high of $141.10.

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.