TB Alternative Assets Ltd. Boosts Stake in Nebius Group N.V. $NBIS

TB Alternative Assets Ltd. raised its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 2,370.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 105,505 shares of the company’s stock after buying an additional 101,235 shares during the period. Nebius Group accounts for about 1.8% of TB Alternative Assets Ltd.’s portfolio, making the stock its 16th largest position. TB Alternative Assets Ltd.’s holdings in Nebius Group were worth $11,845,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NBIS. Orbis Allan Gray Ltd lifted its position in shares of Nebius Group by 12.4% in the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after acquiring an additional 1,949,708 shares in the last quarter. Invesco Ltd. raised its stake in Nebius Group by 2.7% in the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares during the last quarter. Fred Alger Management LLC acquired a new position in Nebius Group in the 1st quarter valued at about $67,431,000. Rovida Advisors Inc. purchased a new position in Nebius Group in the 2nd quarter valued at about $96,223,000. Finally, Nvidia Corp acquired a new stake in shares of Nebius Group during the 1st quarter worth about $25,131,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NBIS. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nebius Group in a research note on Monday, December 22nd. Citizens Jmp assumed coverage on Nebius Group in a report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target for the company. CICC Research initiated coverage on Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $144.71.

Nebius Group Stock Down 3.9%

NASDAQ:NBIS opened at $87.59 on Friday. The company has a market cap of $22.06 billion, a P/E ratio of -113.75 and a beta of 3.83. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The firm’s 50 day moving average is $98.83 and its two-hundred day moving average is $82.68.

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.