Allworth Financial LP Grows Position in Nebius Group N.V. $NBIS

Allworth Financial LP grew its position in Nebius Group N.V. (NASDAQ:NBIS) by 42.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,997 shares of the company’s stock after purchasing an additional 891 shares during the period. Allworth Financial LP’s holdings in Nebius Group were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its position in shares of Nebius Group by 186.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,850 shares of the company’s stock worth $1,652,000 after acquiring an additional 19,424 shares in the last quarter. Scientech Research LLC purchased a new stake in Nebius Group during the 1st quarter worth $869,000. MGO One Seven LLC purchased a new stake in Nebius Group during the 2nd quarter worth $255,000. Hardy Reed LLC acquired a new stake in Nebius Group in the 2nd quarter valued at $365,000. Finally, Jump Financial LLC purchased a new position in Nebius Group in the first quarter valued at about $10,362,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NBIS. Northland Securities upped their target price on Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Nebius Group in a report on Tuesday, November 11th. CICC Research began coverage on shares of Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price objective for the company. BWS Financial reissued a “buy” rating and set a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $139.67.

Nebius Group Stock Performance

NBIS stock opened at $90.54 on Wednesday. The company has a current ratio of 14.70, a quick ratio of 14.70 and a debt-to-equity ratio of 0.31. Nebius Group N.V. has a 1-year low of $18.31 and a 1-year high of $141.10. The firm has a fifty day moving average price of $110.31 and a two-hundred day moving average price of $72.37.

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.