PNC Financial Services Group Inc. Makes New Investment in Nebius Group N.V. $NBIS

PNC Financial Services Group Inc. purchased a new position in Nebius Group N.V. (NASDAQ:NBIS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,382 shares of the company’s stock, valued at approximately $198,000.

Several other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc acquired a new stake in Nebius Group in the first quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new stake in Nebius Group in the first quarter worth about $33,000. First Horizon Advisors Inc. acquired a new stake in Nebius Group in the first quarter worth about $33,000. Whipplewood Advisors LLC acquired a new stake in Nebius Group in the first quarter worth about $36,000. Finally, Larson Financial Group LLC acquired a new stake in Nebius Group in the first quarter worth about $41,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Trading Up 4.6%

Shares of NASDAQ:NBIS opened at $71.62 on Monday. Nebius Group N.V. has a 52-week low of $14.09 and a 52-week high of $75.96. The stock has a market cap of $16.88 billion, a price-to-earnings 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. The business has a 50-day moving average price of $53.50 and a 200-day moving average price of $38.67.

Nebius Group (NASDAQ:NBIS) last announced its quarterly earnings results 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 business’s revenue for the quarter was up 385 compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.25) earnings per share. Equities analysts predict that Nebius Group N.V. will post -1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NBIS. Northland Securities set a $47.00 price target on Nebius Group and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Northland Capmk upgraded Nebius Group to a “strong-buy” rating in a research note on Tuesday, May 6th. DA Davidson raised their price objective on Nebius Group from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Arete initiated coverage on Nebius Group in a research note on Thursday, June 5th. They issued a “buy” rating and a $84.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Nebius Group in a research note on Monday, July 14th. They issued a “buy” rating and a $68.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Nebius Group 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.