Flagship Harbor Advisors LLC Buys Shares of 9,183 Nebius Group N.V. $NBIS

Flagship Harbor Advisors LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 9,183 shares of the company’s stock, valued at approximately $1,031,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada acquired a new stake in shares of Nebius Group in the first quarter valued at about $1,628,000. Millennium Management LLC purchased a new position in Nebius Group in the first quarter valued at about $11,563,000. NewEdge Advisors LLC acquired a new stake in shares of Nebius Group during the 1st quarter valued at approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $9,084,000. Finally, Truist Financial Corp grew its holdings in shares of Nebius Group by 61.2% in the 2nd quarter. Truist Financial Corp now owns 30,084 shares of the company’s stock worth $1,665,000 after acquiring an additional 11,417 shares during the period. 21.90% of the stock is owned by institutional investors and hedge funds.

Nebius Group Trading Up 16.6%

Nebius Group stock opened at $86.10 on Friday. The stock has a fifty day moving average price of $93.12 and a 200 day moving average price of $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

NBIS has been the subject of several research reports. Morgan Stanley started coverage on Nebius Group in a report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 price objective for the company. Northland Securities lifted their price target on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. 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. DA Davidson restated a “buy” rating and set a $150.00 target price on shares of Nebius Group in a report on Wednesday, November 12th. Finally, CICC Research began coverage on shares of Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nebius Group 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.