PFG Investments LLC Purchases 10,273 Shares of Nebius Group N.V. $NBIS

PFG Investments LLC lifted its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 105.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,049 shares of the company’s stock after purchasing an additional 10,273 shares during the period. PFG Investments LLC’s holdings in Nebius Group were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in Nebius Group in the 1st quarter valued at $1,628,000. Millennium Management LLC acquired a new position in shares of Nebius Group in the first quarter valued at about $11,563,000. NewEdge Advisors LLC bought a new position in Nebius Group during the first quarter worth about $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Nebius Group in the 1st quarter worth about $9,084,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Nebius Group in the 2nd quarter worth about $479,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings lowered shares of Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Morgan Stanley started coverage on Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price target on the stock. DA Davidson restated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Northland Securities upped their target price on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Price Performance

NASDAQ NBIS opened at $94.50 on Friday. The business has a fifty day moving average price of $93.40 and a two-hundred day moving average price of $89.29. The stock has a market capitalization of $23.80 billion, a PE ratio of -122.73 and a beta of 4.00. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10.

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.