Inceptionr LLC Acquires Shares of 8,472 Nebius Group N.V. $NBIS

Inceptionr LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,472 shares of the company’s stock, valued at approximately $951,000.

A number of other large investors have also recently made changes to their positions in the stock. Harbor Advisors LLC grew its holdings in shares of Nebius Group by 0.4% in the third quarter. Harbor Advisors LLC now owns 27,600 shares of the company’s stock worth $3,099,000 after purchasing an additional 100 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Nebius Group by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after buying an additional 125 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in Nebius Group by 2.0% during the 3rd quarter. SlateStone Wealth LLC now owns 10,200 shares of the company’s stock valued at $1,145,000 after buying an additional 200 shares in the last quarter. Lodestar Private Asset Management LLC boosted its position in Nebius Group by 4.7% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 4,838 shares of the company’s stock valued at $543,000 after buying an additional 217 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Nebius Group by 2.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after buying an additional 231 shares during the period. 21.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on NBIS. Northland Securities raised their target price on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. DA Davidson reissued a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Freedom Capital upgraded Nebius Group to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Nebius Group presently has an average rating of “Moderate Buy” and an average target price of $143.22.

Nebius Group Stock Up 6.3%

NASDAQ:NBIS opened at $94.93 on Tuesday. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The stock has a market capitalization of $23.90 billion, a P/E ratio of -65.02 and a beta of 4.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.57 and a current ratio of 3.08. The company’s 50-day simple moving average is $95.35 and its 200-day simple moving average is $97.42.

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

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.