Nebius Group N.V. $NBIS is Lane Generational LLC’s Largest Position

Lane Generational LLC reduced its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 26.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,978 shares of the company’s stock after selling 43,232 shares during the quarter. Nebius Group accounts for approximately 11.1% of Lane Generational LLC’s portfolio, making the stock its largest holding. Lane Generational LLC owned about 0.05% of Nebius Group worth $13,358,000 as of its most recent SEC filing.

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

Nebius Group Price Performance

NASDAQ:NBIS opened at $85.19 on Friday. The firm has a market capitalization of $21.45 billion, a P/E ratio of -110.64 and a beta of 4.00. Nebius Group N.V. has a one year low of $18.31 and a one year high of $141.10. The company’s 50-day simple moving average is $94.01 and its 200 day simple moving average is $90.88.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BWS Financial reiterated a “buy” rating and set a $130.00 price target on shares of Nebius Group in a report on Thursday, November 13th. Citizens Jmp initiated 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 objective for the company. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Northland Securities boosted their price target on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.38.

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.