JTC Employer Solutions Trustee Ltd Purchases Shares of 7,787 Nebius Group N.V. $NBIS

JTC Employer Solutions Trustee Ltd bought a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the 3rd quarter, Holdings Channel reports. The firm bought 7,787 shares of the company’s stock, valued at approximately $874,000.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in Nebius Group by 186.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after purchasing an additional 19,424 shares during the period. Invesco Ltd. increased its stake in shares of Nebius Group by 2.7% in the 2nd 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. MGO One Seven LLC bought a new position in shares of Nebius Group in the 2nd quarter valued at $255,000. Salem Investment Counselors Inc. raised its holdings in shares of Nebius Group by 2,272.7% during the 3rd quarter. Salem Investment Counselors Inc. now owns 26,930 shares of the company’s stock worth $3,023,000 after buying an additional 25,795 shares in the last quarter. Finally, Hardy Reed LLC bought a new stake in shares of Nebius Group during the 2nd quarter worth $365,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BWS Financial reiterated a “buy” rating and issued a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. Citizens Jmp assumed coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective for the company. DA Davidson restated a “buy” rating and issued a $150.00 target price on shares of Nebius Group in a research report on Wednesday, November 12th. CICC Research began 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 on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $120.00 price target on shares of Nebius Group in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $144.71.

Nebius Group Trading Up 8.0%

Shares of NBIS opened at $100.24 on Wednesday. The stock’s 50-day moving average price is $95.61 and its two-hundred day moving average price is $84.89. 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 $25.24 billion, a PE ratio of -130.18 and a beta of 4.00.

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.