LPL Financial LLC Invests $2.71 Million in Nebius Group N.V. $NBIS

LPL Financial LLC purchased a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 128,283 shares of the company’s stock, valued at approximately $2,708,000. LPL Financial LLC owned 0.05% of Nebius Group at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Cetera Investment Advisers bought a new stake in Nebius Group in the 1st quarter valued at $1,268,000. Pinnacle Associates Ltd. bought a new stake in Nebius Group in the 1st quarter valued at $4,042,000. Guild Investment Management Inc. bought a new stake in Nebius Group in the 1st quarter valued at $399,000. Vestor Capital LLC bought a new stake in Nebius Group in the 1st quarter valued at $2,833,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nebius Group in the 1st quarter valued at $1,748,000. Institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Performance

NASDAQ:NBIS opened at $71.62 on Monday. The stock’s 50-day simple moving average is $53.50 and its 200 day simple moving average is $38.67. The firm has a market capitalization of $16.88 billion, a PE ratio of -125.65 and a beta of 3.36. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a twelve month low of $14.09 and a twelve month high of $75.96.

Nebius Group (NASDAQ:NBIS) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.48) earnings per share for the quarter. The company had revenue of $55.30 million during the quarter. The firm’s revenue was up 385 on a year-over-year basis. During the same period last year, the firm earned ($0.25) EPS. On average, analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NBIS. The Goldman Sachs Group assumed coverage on Nebius Group in a research note on Monday, July 14th. They issued a “buy” rating and a $68.00 price target on the stock. Northland Securities set a $47.00 price objective on Nebius Group and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Arete Research upgraded Nebius Group to a “strong-buy” rating in a research report on Thursday, June 5th. DA Davidson increased their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, BWS Financial increased their price objective on Nebius Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Nebius Group presently has an average rating of “Buy” and a consensus target price of $70.80.

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.