IMC Chicago LLC Takes Position in Nebius Group N.V. $NBIS

IMC Chicago LLC bought a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 134,512 shares of the company’s stock, valued at approximately $15,102,000. IMC Chicago LLC owned 0.06% of Nebius Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its holdings 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 purchasing an additional 1,949,708 shares during the period. Rovida Advisors Inc. purchased a new stake in Nebius Group in the second quarter valued at approximately $96,223,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Nebius Group in the second quarter valued at approximately $49,337,000. JPMorgan Chase & Co. increased its holdings in Nebius Group by 297.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 848,336 shares of the company’s stock worth $46,938,000 after buying an additional 634,838 shares during the period. Finally, Millennium Management LLC purchased a new position in Nebius Group during the 1st quarter worth approximately $11,563,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NBIS shares. Northland Securities increased their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. DA Davidson reaffirmed a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Weiss Ratings lowered Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Citizens Jmp started coverage on Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.38.

Nebius Group Trading Up 3.5%

NASDAQ NBIS opened at $88.16 on Tuesday. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of -114.49 and a beta of 3.91. The stock has a 50-day moving average of $93.94 and a 200 day moving average of $91.39. Nebius Group N.V. has a twelve month low of $18.31 and a twelve month high of $141.10.

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.