Nebius Group N.V. $NBIS Shares Sold by Greenwoods Asset Management Hong Kong Ltd.

Greenwoods Asset Management Hong Kong Ltd. lowered its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 42.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,276,303 shares of the company’s stock after selling 941,711 shares during the quarter. Nebius Group accounts for about 2.5% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 10th biggest position. Greenwoods Asset Management Hong Kong Ltd. owned about 0.54% of Nebius Group worth $70,618,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Andar Capital Management HK Ltd bought a new stake in Nebius Group during the 2nd quarter worth approximately $1,328,000. First Dallas Securities Inc. acquired a new position in shares of Nebius Group in the second quarter valued at approximately $315,000. Allworth Financial LP increased its position in shares of Nebius Group by 42.3% during the second quarter. Allworth Financial LP now owns 2,997 shares of the company’s stock worth $166,000 after acquiring an additional 891 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Nebius Group during the second quarter worth $444,000. Finally, Rathbones Group PLC acquired a new stake in shares of Nebius Group during the second quarter worth $1,047,000. Institutional investors own 21.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NBIS. CICC Research initiated coverage on Nebius Group in a report on Tuesday. They set an “outperform” rating and a $143.00 target price for the company. Wall Street Zen upgraded Nebius Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 30th. DA Davidson reissued a “buy” rating and issued a $75.00 target price on shares of Nebius Group in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research report on Wednesday, November 5th. Finally, Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Nebius Group currently has an average rating of “Buy” and a consensus price target of $99.83.

Nebius Group Trading Down 7.0%

NASDAQ:NBIS opened at $102.22 on Wednesday. Nebius Group N.V. has a 52-week low of $17.39 and a 52-week high of $141.10. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $108.57 and its 200 day simple moving average is $70.09.

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.