US Bancorp DE Acquires Shares of 11,714 Nebius Group N.V. (NASDAQ:NBIS)

US Bancorp DE acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,714 shares of the company’s stock, valued at approximately $247,000.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in Nebius Group in the 1st quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new position in Nebius Group in the 1st quarter valued at approximately $33,000. First Horizon Advisors Inc. acquired a new position in Nebius Group in the 1st quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in Nebius Group in the 1st quarter valued at approximately $36,000. Finally, Larson Financial Group LLC acquired a new position in Nebius Group in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Price Performance

NASDAQ NBIS opened at $68.46 on Friday. 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 has a market capitalization of $16.14 billion, a PE ratio of -120.11 and a beta of 3.36. The company has a 50 day moving average price of $53.04 and a two-hundred day moving average price of $38.28. Nebius Group N.V. has a 12-month low of $14.09 and a 12-month high of $75.96.

Nebius Group (NASDAQ:NBIS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The firm had revenue of $55.30 million for the quarter. During the same period in the previous year, the business earned ($0.25) earnings per share. Nebius Group’s quarterly revenue was up 385 compared to the same quarter last year. As a group, equities analysts predict that Nebius Group N.V. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NBIS shares. Wall Street Zen upgraded shares of Nebius Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Northland Securities set a $47.00 target price on shares of Nebius Group and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Arete started coverage on shares of Nebius Group in a research note on Thursday, June 5th. They issued a “buy” rating and a $84.00 target price for the company. Northland Capmk upgraded shares of Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, BWS Financial lifted their target price on shares of Nebius Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Nebius Group currently has an average rating of “Buy” and an average price target of $70.80.

Nebius Group Company 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.