K.J. Harrison & Partners Inc Invests $1.88 Million in Nebius Group N.V. $NBIS

K.J. Harrison & Partners Inc acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 16,700 shares of the company’s stock, valued at approximately $1,875,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Nebius Group by 186.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock valued at $1,652,000 after buying an additional 19,424 shares during the last quarter. Trek Financial LLC bought a new position in Nebius Group in the 3rd quarter worth approximately $2,309,000. J.W. Cole Advisors Inc. increased its position in Nebius Group by 123.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,488 shares of the company’s stock valued at $3,760,000 after acquiring an additional 18,533 shares during the period. Invesco Ltd. raised its stake in Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after acquiring an additional 92,710 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in Nebius Group by 2,272.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock valued at $3,023,000 after acquiring an additional 25,795 shares in the last quarter. 21.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $150.00 price target on shares of Nebius Group in a research note on Wednesday, November 12th. CICC Research began coverage on shares of Nebius Group in a report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price objective for the company. Northland Securities increased their target price on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.22.

Nebius Group Stock Up 3.5%

NASDAQ NBIS opened at $106.12 on Thursday. Nebius Group N.V. has a 12 month low of $18.31 and a 12 month high of $141.10. The company has a market capitalization of $26.72 billion, a P/E ratio of -72.68 and a beta of 3.90. The company’s 50 day simple moving average is $94.46 and its 200 day simple moving average is $95.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 6.57.

Nebius Group (NASDAQ:NBIS) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.27). The business had revenue of $227.70 million during the quarter, compared to analyst estimates of $246.05 million. Nebius Group had a negative return on equity of 11.70% and a net margin of 19.02%. Equities research analysts expect that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

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.