Tableaux LLC Takes Position in Nebius Group N.V. $NBIS

Tableaux LLC bought a new position in Nebius Group N.V. (NASDAQ:NBIS) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 80,000 shares of the company’s stock, valued at approximately $4,426,000. Nebius Group accounts for 0.3% of Tableaux LLC’s portfolio, making the stock its 28th biggest position.

Several other institutional investors have also added to or reduced their stakes in NBIS. Oppenheimer Asset Management Inc. raised 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 valued at $1,652,000 after purchasing an additional 19,424 shares during the period. Scientech Research LLC bought a new stake in shares of Nebius Group during the first quarter valued at approximately $869,000. MGO One Seven LLC bought a new stake in Nebius Group during the 2nd quarter valued at $255,000. Hardy Reed LLC purchased a new stake in Nebius Group in the second quarter worth about $365,000. Finally, Jump Financial LLC purchased a new stake in shares of Nebius Group in the 1st quarter worth approximately $10,362,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Nebius Group Stock Down 1.6%

NASDAQ:NBIS opened at $83.26 on Friday. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of -108.13 and a beta of 3.29. Nebius Group N.V. has a 52 week low of $18.31 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 fifty day moving average is $110.11 and its two-hundred day moving average is $73.03.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NBIS. Citizens Jmp started coverage on Nebius Group in a research report on Wednesday. They set a “market outperform” rating and a $175.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $120.00 price objective on shares of Nebius Group in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nebius Group in a research report on Tuesday, November 11th. CICC Research assumed coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price for the company. Finally, DA Davidson reiterated a “buy” rating and set a $150.00 price target on shares of Nebius Group in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $144.71.

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.