Thoroughbred Financial Services LLC Purchases 5,912 Shares of Nebius Group N.V. $NBIS

Thoroughbred Financial Services LLC increased its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 31.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,447 shares of the company’s stock after acquiring an additional 5,912 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Nebius Group were worth $2,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after buying an additional 304 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter worth approximately $40,000. Western Pacific Wealth Management LP bought a new stake in Nebius Group in the 3rd quarter valued at about $45,000. Grove Bank & Trust bought a new stake in shares of Nebius Group during the third quarter valued at about $50,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in Nebius Group by 38.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, February 3rd. Morgan Stanley started coverage on Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective on the stock. Weiss Ratings downgraded shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. DA Davidson reaffirmed a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. Finally, Compass Point started coverage on shares of Nebius Group in a research report on Wednesday, February 18th. They issued a “buy” rating and a $150.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.22.

Nebius Group Stock Up 3.5%

Nebius Group stock opened at $106.12 on Thursday. The firm has a 50 day moving average price of $94.46 and a 200-day moving average price of $95.89. Nebius Group N.V. has a twelve month low of $18.31 and a twelve month high of $141.10. The company has a market capitalization of $26.72 billion, a P/E ratio of -72.68 and a beta of 3.90. The company has a quick ratio of 6.57, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.27). The firm had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

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.