Jones Financial Companies Lllp Buys 6,187 Shares of Nebius Group N.V. $NBIS

Jones Financial Companies Lllp increased its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 45.2% during the 3rd quarter, Holdings Channel reports. The firm owned 19,878 shares of the company’s stock after purchasing an additional 6,187 shares during the quarter. Jones Financial Companies Lllp’s holdings in Nebius Group were worth $2,141,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NBIS. Orbis Allan Gray Ltd grew its holdings in Nebius Group by 12.4% during the second quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock valued at $976,681,000 after purchasing an additional 1,949,708 shares during the period. Invesco Ltd. lifted its holdings in Nebius Group by 2.7% during the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after purchasing an additional 92,710 shares during the last quarter. Rovida Advisors Inc. bought a new position in Nebius Group during the second quarter worth about $96,223,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Nebius Group in the second quarter worth about $49,337,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Nebius Group by 297.4% in the second 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 in the last quarter. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Up 16.6%

Nebius Group stock opened at $86.10 on Monday. The firm has a fifty day simple moving average of $93.12 and a two-hundred day simple moving average of $92.27. Nebius Group N.V. has a twelve month low of $18.31 and a twelve month high of $141.10. The company has a market capitalization of $21.68 billion, a PE ratio of -111.82 and a beta of 3.91.

Analysts Set New Price Targets

NBIS has been the topic of a number of recent research reports. Northland Securities upped their price target on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Freedom Capital raised Nebius Group to a “strong-buy” rating in a report on Tuesday, February 3rd. DA Davidson restated a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research report on Wednesday, November 12th. Finally, Morgan Stanley assumed coverage on shares of Nebius Group in a research report on Thursday, January 15th. They set an “equal weight” rating and a $126.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.