Ellis Investment Partners LLC Makes New Investment in Nebius Group N.V. $NBIS

Ellis Investment Partners LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,598 shares of the company’s stock, valued at approximately $863,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $25,000. Signaturefd LLC grew its position in shares of Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in shares of Nebius Group during the 2nd quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $33,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Nebius Group during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. DA Davidson restated a “buy” rating and set a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen raised shares of Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nebius Group has a consensus rating of “Buy” and a consensus target price of $91.20.

Nebius Group Stock Performance

Shares of Nebius Group stock opened at $129.58 on Monday. The company has a 50 day moving average of $86.82 and a 200-day moving average of $55.16. Nebius Group N.V. has a 1-year low of $14.09 and a 1-year high of $141.10. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. The company has a market cap of $30.55 billion, a PE ratio of -227.33 and a beta of 3.45.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. As a group, equities research analysts forecast that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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.