TB Alternative Assets Ltd. Boosts Holdings in Nebius Group N.V. $NBIS

TB Alternative Assets Ltd. grew its position in shares of Nebius Group N.V. (NASDAQ:NBIS) by 2,370.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,505 shares of the company’s stock after buying an additional 101,235 shares during the quarter. Nebius Group accounts for 1.8% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 16th largest holding. TB Alternative Assets Ltd.’s holdings in Nebius Group were worth $11,845,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after acquiring an additional 250 shares during the period. SJS Investment Consulting Inc. purchased a new stake in Nebius Group in the 2nd quarter valued at approximately $31,000. Assetmark Inc. increased its position in Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after purchasing an additional 304 shares during the period. LRI Investments LLC raised its stake in shares of 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 buying an additional 310 shares in the last quarter. Finally, ORG Partners LLC lifted its holdings in shares of Nebius Group by 369.1% in the 2nd quarter. ORG Partners LLC now owns 760 shares of the company’s stock valued at $39,000 after buying an additional 598 shares during the period. Institutional investors and hedge funds own 21.90% of the company’s stock.

Nebius Group Stock Down 3.9%

Nebius Group stock opened at $87.59 on Friday. The firm has a market capitalization of $22.06 billion, a PE ratio of -113.75 and a beta of 3.83. Nebius Group N.V. has a 52 week low of $18.31 and a 52 week high of $141.10. The firm’s 50-day simple moving average is $98.83 and its 200 day simple moving average is $82.68.

Analyst Ratings Changes

NBIS has been the topic of a number of recent analyst reports. CICC Research started coverage on Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective on the stock. BWS Financial restated a “buy” rating and set a $130.00 target price on shares of Nebius Group in a research report on Thursday, November 13th. Northland Securities increased their price target 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. Wall Street Zen cut shares of Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $120.00 target price on shares of Nebius Group in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $144.71.

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.