Nebius Group N.V. $NBIS Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its holdings in shares of Nebius Group N.V. (NASDAQ:NBIS) by 43.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,738 shares of the company’s stock after selling 5,184 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Nebius Group were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of NBIS. Orbis Allan Gray Ltd increased its stake in shares of 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 purchasing an additional 1,949,708 shares in the last quarter. Invesco Ltd. grew its holdings in Nebius Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 3,587,811 shares of the company’s stock valued at $198,514,000 after buying an additional 92,710 shares during the last quarter. Rovida Advisors Inc. purchased a new position in Nebius Group during the second quarter worth $96,223,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Nebius Group in the second quarter worth $49,337,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Nebius Group by 297.4% in the second quarter. JPMorgan Chase & Co. now owns 848,336 shares of the company’s stock worth $46,938,000 after acquiring an additional 634,838 shares during the last quarter. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Stock Performance

NBIS opened at $97.87 on Wednesday. Nebius Group N.V. has a 1 year low of $18.31 and a 1 year high of $141.10. The firm has a 50 day moving average price of $93.66 and a 200 day moving average price of $90.29. The company has a market cap of $24.64 billion, a PE ratio of -127.10 and a beta of 4.00.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NBIS shares. BWS Financial reiterated a “buy” rating and set a $130.00 price objective on shares of Nebius Group in a research report on Thursday, November 13th. Citizens Jmp assumed coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $175.00 target price on the stock. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Northland Securities upped their target price on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, CICC Research assumed coverage on Nebius Group in a research report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.38.

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.