Wealth Alliance LLC Makes New $352,000 Investment in Nebius Group N.V. $NBIS

Wealth Alliance LLC acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,359 shares of the company’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Orbis Allan Gray Ltd acquired a new stake in shares of Nebius Group during the 1st quarter valued at about $331,474,000. Accel Leaders 4 Associates L.P. bought a new position in Nebius Group during the first quarter valued at approximately $96,704,000. Invesco Ltd. acquired a new stake in Nebius Group in the first quarter valued at approximately $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group in the first quarter worth approximately $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. acquired a new position in shares of Nebius Group during the 1st quarter worth $46,822,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NBIS. Seaport Res Ptn upgraded shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Northland Securities boosted their price target on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday. CICC Research began coverage on Nebius Group in a research note on Tuesday. They set an “outperform” rating and a $143.00 price target for the company. DA Davidson reissued a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Nebius Group in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Nebius Group has an average rating of “Buy” and a consensus price target of $139.67.

Nebius Group Stock Performance

NASDAQ NBIS opened at $88.63 on Friday. The stock has a 50-day simple moving average of $109.61 and a 200 day simple moving average of $70.39. Nebius Group N.V. has a twelve month low of $17.39 and a twelve month high of $141.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 14.70 and a quick ratio of 14.70.

Nebius Group 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.