9,183 Shares in Nebius Group N.V. $NBIS Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC purchased a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,183 shares of the company’s stock, valued at approximately $1,031,000.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after buying an additional 304 shares during the last quarter. LRI Investments LLC grew its position in Nebius Group by 85.4% during the second quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after acquiring an additional 310 shares during the period. NewEdge Advisors LLC acquired a new stake in Nebius Group during the first quarter worth about $40,000. Western Pacific Wealth Management LP purchased a new position in shares of Nebius Group in the 3rd quarter worth about $45,000. Finally, Grove Bank & Trust purchased a new position in shares of Nebius Group in the 3rd quarter worth about $50,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Nebius Group Stock Up 16.6%

NBIS opened at $86.10 on Friday. The firm’s 50 day moving average is $93.12 and its 200-day moving average is $91.70. Nebius Group N.V. has a 52-week low of $18.31 and a 52-week high of $141.10. The firm has a market capitalization of $21.68 billion, a P/E ratio of -111.82 and a beta of 3.90.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Northland Securities boosted their target price on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. BWS Financial reaffirmed a “buy” rating and set a $130.00 price target on shares of Nebius Group in a research report on Thursday, November 13th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. CICC Research began coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $142.38.

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.