Mirae Asset Global Investments Co. Ltd. Has $9.67 Million Stock Holdings in Nebius Group N.V. $NBIS

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 52.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,169 shares of the company’s stock after buying an additional 29,494 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Nebius Group were worth $9,674,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp boosted its stake in Nebius Group by 36.1% in the third quarter. Truist Financial Corp now owns 40,930 shares of the company’s stock valued at $4,595,000 after buying an additional 10,846 shares in the last quarter. Genesee Capital Advisors LLC lifted its holdings in shares of Nebius Group by 16.3% in the third quarter. Genesee Capital Advisors LLC now owns 4,283 shares of the company’s stock worth $481,000 after acquiring an additional 600 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in shares of Nebius Group by 31.3% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 10,481 shares of the company’s stock valued at $1,177,000 after purchasing an additional 2,496 shares in the last quarter. CCG Wealth Management LLC bought a new stake in shares of Nebius Group during the 3rd quarter valued at approximately $218,000. Finally, Investment House LLC increased its position in Nebius Group by 8.6% during the 3rd quarter. Investment House LLC now owns 259,235 shares of the company’s stock worth $29,104,000 after purchasing an additional 20,476 shares in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Down 10.2%

Shares of NASDAQ:NBIS opened at $85.19 on Friday. The firm has a market cap of $21.45 billion, a P/E ratio of -110.64 and a beta of 4.00. Nebius Group N.V. has a 12-month low of $18.31 and a 12-month high of $141.10. The business has a fifty day simple moving average of $94.01 and a 200 day simple moving average of $90.88.

Wall Street Analyst Weigh In

NBIS has been the subject of several research reports. Citizens Jmp started 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. Weiss Ratings cut Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. CICC Research assumed coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective on the stock. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Northland Securities increased their target price on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.