Mirae Asset Global Investments Co. Ltd. Buys 29,494 Shares of Nebius Group N.V. $NBIS

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 52.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,169 shares of the company’s stock after acquiring an additional 29,494 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Nebius Group were worth $9,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the last quarter. Assetmark Inc. grew its holdings in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after buying an additional 304 shares in the last quarter. LRI Investments LLC increased its position in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after buying an additional 310 shares during the period. NewEdge Advisors LLC bought a new position in Nebius Group during the 1st quarter worth $40,000. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Nebius Group during the third quarter worth $45,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NBIS shares. BWS Financial restated a “buy” rating and issued a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. Weiss Ratings downgraded shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Citizens Jmp started coverage on shares of Nebius Group in a report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price on the stock. Morgan Stanley started coverage on shares of Nebius Group in a research report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price target for the company. Finally, DA Davidson reiterated a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.38.

Nebius Group Stock Down 10.2%

NBIS stock opened at $85.19 on Friday. The company’s 50-day moving average price is $94.01 and its two-hundred day moving average price is $90.88. The firm has a market cap of $21.45 billion, a P/E ratio of -110.64 and a beta of 4.00. Nebius Group N.V. has a 12 month low of $18.31 and a 12 month high of $141.10.

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.