Nebius Group N.V. $NBIS Shares Sold by Eagle Global Advisors LLC

Eagle Global Advisors LLC trimmed its position in Nebius Group N.V. (NASDAQ:NBIS) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,125 shares of the company’s stock after selling 52,770 shares during the period. Eagle Global Advisors LLC’s holdings in Nebius Group were worth $18,651,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its holdings in shares of Nebius Group by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 450 shares of the company’s stock valued at $51,000 after acquiring an additional 125 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Nebius Group by 2.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after purchasing an additional 231 shares during the period. Signaturefd LLC boosted its holdings in Nebius Group by 125.0% in the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares in the last quarter. Assetmark Inc. boosted its holdings in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after purchasing an additional 304 shares in the last quarter. Finally, LRI Investments LLC increased its position in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Performance

Nebius Group stock opened at $101.98 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 firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of -132.44 and a beta of 4.00. The stock’s fifty day moving average is $93.17 and its two-hundred day moving average is $86.77.

Analysts Set New Price Targets

Several research firms have recently commented on NBIS. CICC Research initiated coverage on Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Nebius Group in a research report on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a report on Wednesday, November 12th. Finally, Citizens Jmp initiated coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.