Bulltick Wealth Management LLC Has $1.11 Million Stock Position in Nebius Group N.V. $NBIS

Bulltick Wealth Management LLC reduced its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 68.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the company’s stock after selling 43,500 shares during the quarter. Bulltick Wealth Management LLC’s holdings in Nebius Group were worth $1,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NBIS. Signaturefd LLC boosted its stake in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in shares of Nebius Group during the 2nd quarter worth about $31,000. Assetmark Inc. grew its stake in shares of Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after buying an additional 304 shares during the period. LRI Investments LLC increased its position in Nebius Group by 85.4% in the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Nebius Group during the second quarter worth approximately $40,000. 21.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NBIS. Northland Securities boosted their target price on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. BWS Financial reissued a “buy” rating and issued a $130.00 price objective on shares of Nebius Group in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $139.67.

Nebius Group Stock Performance

Shares of NBIS stock opened at $83.54 on Monday. 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 52 week low of $17.39 and a 52 week high of $141.10. The firm’s 50-day simple moving average is $109.98 and its two-hundred day simple moving average is $71.47.

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.