Calamos Wealth Management LLC Acquires Shares of 27,185 Nebius Group N.V. $NBIS

Calamos Wealth Management LLC acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,185 shares of the company’s stock, valued at approximately $3,052,000.

Several other institutional investors and hedge funds have also made changes to their positions in NBIS. Orbis Allan Gray Ltd grew its stake in Nebius Group by 12.4% during the 2nd quarter. Orbis Allan Gray Ltd now owns 17,651,930 shares of the company’s stock worth $976,681,000 after buying an additional 1,949,708 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Nebius Group by 2.7% in the second quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after acquiring an additional 92,710 shares during the period. Fred Alger Management LLC purchased a new position in shares of Nebius Group during the first quarter worth approximately $67,431,000. Rovida Advisors Inc. acquired a new position in shares of Nebius Group in the 2nd quarter valued at $96,223,000. Finally, Nvidia Corp purchased a new stake in Nebius Group in the 1st quarter valued at $25,131,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NBIS shares. Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen downgraded shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Nebius Group in a research report on Monday. Citizens Jmp initiated coverage on Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 price objective for the company. Finally, Northland Securities boosted their target price on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Nebius Group has an average rating of “Buy” and an average price target of $144.71.

Nebius Group Trading Down 1.0%

Shares of NBIS opened at $85.17 on Wednesday. The stock’s 50 day moving average is $97.99 and its two-hundred day moving average is $83.43. Nebius Group N.V. has a twelve month low of $18.31 and a twelve month high of $141.10. The firm has a market capitalization of $21.45 billion, a PE ratio of -110.61 and a beta of 3.83.

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.