Two Seas Capital LP Acquires 100,000 Shares of Nebius Group N.V. $NBIS

Two Seas Capital LP grew its stake in Nebius Group N.V. (NASDAQ:NBIS) by 66.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 250,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Nebius Group makes up 0.2% of Two Seas Capital LP’s holdings, making the stock its 19th largest holding. Two Seas Capital LP’s holdings in Nebius Group were worth $13,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Orbis Allan Gray Ltd acquired a new position in Nebius Group during the first quarter valued at approximately $331,474,000. Accel Leaders 4 Associates L.P. bought a new stake in shares of Nebius Group during the 1st quarter worth approximately $96,704,000. Invesco Ltd. raised its stake in shares of Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock worth $198,514,000 after purchasing an additional 92,710 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of Nebius Group in the 1st quarter valued at approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new position in shares of Nebius Group in the first quarter valued at $46,822,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

NBIS stock opened at $98.92 on Thursday. 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 $24.91 billion, a price-to-earnings ratio of -128.47 and a beta of 3.83. The business’s fifty day moving average price is $109.41 and its two-hundred day moving average price is $76.85.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. BWS Financial restated a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research note on Thursday, November 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nebius Group in a research note on Monday. CICC Research initiated coverage on Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target for the company. Finally, Northland Securities upped their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $144.71.

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.