Advisory Services Network LLC Sells 7,965 Shares of Nebius Group N.V. $NBIS

Advisory Services Network LLC lowered its holdings in Nebius Group N.V. (NASDAQ:NBIS) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,475 shares of the company’s stock after selling 7,965 shares during the period. Advisory Services Network LLC’s holdings in Nebius Group were worth $3,237,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NBIS. State of Wyoming lifted its stake in Nebius Group by 548,800.0% during the second quarter. State of Wyoming now owns 10,978 shares of the company’s stock worth $607,000 after purchasing an additional 10,976 shares during the last quarter. Liontrust Investment Partners LLP purchased a new stake in Nebius Group during the 2nd quarter valued at $24,898,000. Geneos Wealth Management Inc. grew its stake in shares of Nebius Group by 168.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,410 shares of the company’s stock worth $133,000 after purchasing an additional 1,512 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of Nebius Group in the 2nd quarter worth approximately $117,000. Finally, Tower Research Capital LLC TRC increased its position in Nebius Group by 741.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,564 shares of the company’s stock valued at $419,000 after purchasing an additional 6,665 shares during the period. 21.90% of the stock is owned by institutional investors.

Nebius Group Trading Down 0.2%

NASDAQ NBIS opened at $80.95 on Wednesday. The stock’s 50 day moving average is $105.11 and its 200 day moving average is $80.56. Nebius Group N.V. has a 12 month low of $18.31 and a 12 month high of $141.10. The stock has a market cap of $20.38 billion, a PE ratio of -105.13 and a beta of 3.83.

Analyst Ratings Changes

A number of research analysts have weighed in on NBIS shares. CICC Research began coverage on Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price on the stock. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Seaport Res Ptn raised Nebius Group to a “hold” rating in a research report on Monday, September 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Finally, BWS Financial restated a “buy” rating and set a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. 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 stock. Based on data from MarketBeat, Nebius Group presently has a consensus 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.