Essex LLC Has $21.81 Million Stock Holdings in Nebius Group N.V. $NBIS

Essex LLC lifted its stake in Nebius Group N.V. (NASDAQ:NBIS) by 660.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,226 shares of the company’s stock after purchasing an additional 168,696 shares during the quarter. Nebius Group accounts for approximately 4.0% of Essex LLC’s holdings, making the stock its 8th biggest position. Essex LLC owned approximately 0.08% of Nebius Group worth $21,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Nebius Group by 125.0% in the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after buying an additional 250 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in Nebius Group in the 2nd quarter worth approximately $31,000. Assetmark Inc. lifted its position in Nebius Group by 102.0% in the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock valued at $33,000 after acquiring an additional 304 shares in the last quarter. LRI Investments LLC boosted its stake in Nebius Group by 85.4% during the 2nd quarter. LRI Investments LLC now owns 673 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in Nebius Group by 369.1% during the 2nd quarter. ORG Partners LLC now owns 760 shares of the company’s stock valued at $39,000 after purchasing an additional 598 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors.

Nebius Group Stock Up 1.1%

Nebius Group stock opened at $97.30 on Friday. The business has a 50-day simple moving average of $94.50 and a two-hundred day simple moving average of $85.05. The company has a market cap of $24.50 billion, a P/E ratio of -126.36 and a beta of 4.00. Nebius Group N.V. has a 52-week low of $18.31 and a 52-week high of $141.10.

Analyst Ratings Changes

Several research analysts have recently weighed in on NBIS shares. BWS Financial restated a “buy” rating and issued a $130.00 price target on shares of Nebius Group in a research note on Thursday, November 13th. Wall Street Zen lowered Nebius Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. DA Davidson restated a “buy” rating and set a $150.00 target price on shares of Nebius Group in a research note on Wednesday, November 12th. Northland Securities raised 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. Finally, CICC Research assumed coverage on shares of Nebius Group in a report on Tuesday, November 11th. They set an “outperform” rating and a $143.00 price objective for the company. Two equities 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 stock. According to MarketBeat, Nebius Group has a consensus 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.