20,569 Shares in Nebius Group N.V. $NBIS Bought by Trek Financial LLC

Trek Financial LLC bought a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) in the third quarter, HoldingsChannel.com reports. The firm bought 20,569 shares of the company’s stock, valued at approximately $2,309,000.

Other hedge funds also recently bought and sold shares of the company. 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 acquired a new position in shares of Nebius Group during the 1st quarter worth about $11,563,000. NewEdge Advisors LLC bought a new stake in Nebius Group during the 1st quarter valued at approximately $40,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Nebius Group in the 1st quarter valued at approximately $9,084,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Nebius Group in the 2nd quarter valued at approximately $479,000. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Price Performance

Shares of NBIS stock opened at $94.50 on Friday. Nebius Group N.V. has a one year low of $18.31 and a one year high of $141.10. The stock has a fifty day moving average price of $93.40 and a 200 day moving average price of $89.29. The stock has a market cap of $23.80 billion, a P/E ratio of -122.73 and a beta of 4.00.

Analysts Set New Price Targets

NBIS has been the subject of several research reports. Wall Street Zen cut Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. CICC Research initiated coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price for the company. Morgan Stanley began coverage on shares of Nebius Group in a report on Thursday, January 15th. They issued an “equal weight” rating and a $126.00 price target for the company. Citizens Jmp started coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target on the stock. Finally, DA Davidson restated a “buy” rating and set a $150.00 price objective on shares of Nebius Group in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.38.

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.