Nebius Group N.V. $NBIS Shares Sold by Creative Planning

Creative Planning reduced its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 38.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,583 shares of the company’s stock after selling 8,583 shares during the period. Creative Planning’s holdings in Nebius Group were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Orbis Allan Gray Ltd purchased a new position in Nebius Group during the 1st quarter valued at about $331,474,000. Accel Leaders 4 Associates L.P. purchased a new stake in Nebius Group during the first quarter worth about $96,704,000. Invesco Ltd. purchased a new stake in Nebius Group during the first quarter worth about $73,782,000. Fred Alger Management LLC acquired a new stake in shares of Nebius Group during the first quarter worth about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in shares of Nebius Group in the first quarter valued at approximately $46,822,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $96.45 on Wednesday. The stock’s 50-day simple moving average is $109.70 and its 200-day simple moving average is $76.69. The firm has a market capitalization of $24.29 billion, a PE ratio of -125.26 and a beta of 3.29. Nebius Group N.V. has a fifty-two week low of $18.31 and a fifty-two week high of $141.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NBIS. Northland Securities lifted their price objective on shares of Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. BWS Financial reissued a “buy” rating and issued a $130.00 price target on shares of Nebius Group in a research report on Thursday, November 13th. Citizens Jmp started coverage on Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nebius Group in a report on Monday. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $144.71.

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.