Wealth Enhancement Advisory Services LLC Boosts Position in Nebius Group N.V. $NBIS

Wealth Enhancement Advisory Services LLC lifted its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 202.4% during the third quarter, Holdings Channel reports. The fund owned 26,156 shares of the company’s stock after buying an additional 17,507 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Nebius Group were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd grew its position in Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after purchasing an additional 1,949,708 shares during the period. Rovida Advisors Inc. acquired a new stake in Nebius Group during the second quarter worth about $96,223,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Nebius Group in the 2nd quarter worth approximately $49,337,000. JPMorgan Chase & Co. grew its stake in shares of Nebius Group by 297.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 848,336 shares of the company’s stock worth $46,938,000 after purchasing an additional 634,838 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Nebius Group during the 1st quarter valued at approximately $11,563,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Trading Up 2.6%

Shares of Nebius Group stock opened at $100.43 on Thursday. Nebius Group N.V. has a twelve month low of $18.31 and a twelve month high of $141.10. The firm has a market capitalization of $25.29 billion, a PE ratio of -130.43 and a beta of 4.00. The firm’s 50-day moving average price is $93.77 and its 200 day moving average price is $90.36.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NBIS. Northland Securities increased their price target on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Citizens Jmp assumed coverage on shares of Nebius Group in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price on the stock. CICC Research started coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price on the stock. Weiss Ratings cut Nebius Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Finally, DA Davidson reiterated a “buy” rating and set a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.