B. Riley Wealth Advisors Inc. Purchases Shares of 11,922 Nebius Group N.V. $NBIS

B. Riley Wealth Advisors Inc. acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,922 shares of the company’s stock, valued at approximately $660,000.

A number of other large investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in shares of Nebius Group by 2.5% during the second quarter. PNC Financial Services Group Inc. now owns 9,613 shares of the company’s stock valued at $532,000 after buying an additional 231 shares during the last quarter. Signaturefd LLC boosted its holdings in Nebius Group by 125.0% during the 2nd quarter. Signaturefd LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares during the period. Assetmark Inc. boosted its holdings in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after acquiring an additional 304 shares during the period. LRI Investments LLC grew its position in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock worth $37,000 after acquiring an additional 310 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Nebius Group by 4.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,005 shares of the company’s stock worth $388,000 after purchasing an additional 326 shares during the period. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NBIS shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Nebius Group in a research note on Monday. CICC Research initiated coverage on shares of Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price target for the company. Northland Securities raised their price target on shares of Nebius Group from $206.00 to $211.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. BWS Financial restated a “buy” rating and issued a $130.00 price objective on shares of Nebius Group in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 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 company currently has an average rating of “Buy” and a consensus price target of $144.71.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $80.95 on Wednesday. Nebius Group N.V. has a 1 year low of $18.31 and a 1 year high of $141.10. The stock has a market capitalization of $20.38 billion, a P/E ratio of -105.13 and a beta of 3.83. The company’s 50-day moving average is $105.11 and its 200 day moving average is $80.56.

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.