Kingsview Wealth Management LLC Acquires New Position in Nebius Group N.V. $NBIS

Kingsview Wealth Management LLC acquired a new stake in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,422 shares of the company’s stock, valued at approximately $355,000.

Several other large investors have also recently modified their holdings of NBIS. Orbis Allan Gray Ltd bought a new stake in shares of Nebius Group in the first quarter valued at approximately $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group in the 1st quarter valued at approximately $96,704,000. Invesco Ltd. purchased a new position in Nebius Group in the 1st quarter valued at approximately $73,782,000. Fred Alger Management LLC bought a new stake in Nebius Group during the 1st quarter valued at $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new stake in shares of Nebius Group during the first quarter worth $46,822,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. CICC Research assumed coverage on Nebius Group in a research report on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price target for the company. Wall Street Zen downgraded Nebius Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nebius Group in a research report on Tuesday, November 11th. Citizens Jmp started coverage on shares of Nebius Group in a report on Wednesday. They issued a “market outperform” rating and a $175.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Nebius Group to a “hold” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $144.71.

Nebius Group Price Performance

Shares of NASDAQ NBIS opened at $83.26 on Friday. The stock’s 50-day simple moving average is $110.11 and its two-hundred day simple moving average is $73.03. 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 $19.63 billion, a P/E ratio of -108.13 and a beta of 3.29. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

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.