Nebius Group N.V. $NBIS Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its stake in shares of Nebius Group N.V. (NASDAQ:NBIS) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,491 shares of the company’s stock after selling 30,255 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Nebius Group were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. IFP Advisors Inc purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $25,000. Signaturefd LLC boosted its position in Nebius Group by 125.0% during the second quarter. Signaturefd LLC now owns 450 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares in the last quarter. SJS Investment Consulting Inc. acquired a new stake in Nebius Group in the second quarter valued at $31,000. Banque Cantonale Vaudoise purchased a new position in shares of Nebius Group in the first quarter valued at $33,000. Finally, Assetmark Inc. raised its stake in shares of Nebius Group by 102.0% during the 2nd quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $33,000 after buying an additional 304 shares during the last quarter. 21.90% of the stock is currently owned by institutional investors and hedge funds.

Nebius Group Stock Performance

Shares of NBIS opened at $94.69 on Thursday. Nebius Group N.V. has a 1 year low of $18.31 and a 1 year high of $141.10. The company’s 50 day simple moving average is $110.13 and its 200 day simple moving average is $74.70. The company has a market capitalization of $23.84 billion, a price-to-earnings ratio of -122.97 and a beta of 3.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70.

Analysts Set New Price Targets

A number of brokerages recently commented on NBIS. DA Davidson reissued a “buy” rating and issued a $150.00 price objective on shares of Nebius Group in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nebius Group in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $120.00 price objective on shares of Nebius Group in a research note on Wednesday, September 17th. CICC Research began coverage on Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Northland Securities increased 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 analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nebius Group currently has an average rating of “Buy” and a consensus target price of $144.71.

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.