Nebius Group N.V. $NBIS Shares Bought by Truist Financial Corp

Truist Financial Corp raised its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 36.1% during the 3rd quarter, Holdings Channel reports. The firm owned 40,930 shares of the company’s stock after purchasing an additional 10,846 shares during the quarter. Truist Financial Corp’s holdings in Nebius Group were worth $4,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NBIS. Western Pacific Wealth Management LP purchased a new stake in Nebius Group in the 3rd quarter valued at approximately $45,000. Grove Bank & Trust purchased a new position in Nebius Group during the third quarter worth $50,000. Signaturefd LLC raised its holdings in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after acquiring an additional 125 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of Nebius Group in the third quarter valued at $56,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NBIS. CICC Research started coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective for the company. Northland Securities lifted their price target on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Morgan Stanley began coverage on shares of Nebius Group in a research note on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective on the stock. Weiss Ratings cut shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Finally, Citizens Jmp assumed coverage on 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Stock Up 2.0%

Shares of NBIS opened at $89.95 on Wednesday. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The company’s fifty day moving average is $93.96 and its two-hundred day moving average is $91.65. The firm has a market cap of $22.65 billion, a PE ratio of -116.82 and a beta of 3.90.

Nebius Group 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.