Mirae Asset Global Investments Co. Ltd. Invests $1.25 Million in Nebius Group N.V. (NASDAQ:NBIS)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Nebius Group N.V. (NASDAQ:NBIS) during the 1st quarter, Holdings Channel reports. The fund acquired 58,925 shares of the company’s stock, valued at approximately $1,247,000.

Other hedge funds have also modified their holdings of the company. PFG Investments LLC purchased a new stake in shares of Nebius Group during the 1st quarter worth approximately $860,000. SeaCrest Wealth Management LLC bought a new position in shares of Nebius Group during the 1st quarter valued at approximately $453,000. Oppenheimer Asset Management Inc. bought a new position in shares of Nebius Group during the 1st quarter valued at approximately $220,000. Compagnie Lombard Odier SCmA bought a new position in shares of Nebius Group during the 1st quarter valued at approximately $1,196,000. Finally, Fifth Third Bancorp bought a new position in shares of Nebius Group during the 1st quarter valued at approximately $130,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NBIS shares. Arete started coverage on Nebius Group in a research report on Thursday, June 5th. They set a “buy” rating and a $84.00 target price on the stock. BWS Financial boosted their target price on Nebius Group from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Northland Capmk raised Nebius Group to a “strong-buy” rating in a research report on Tuesday, May 6th. Wall Street Zen raised Nebius Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, DA Davidson boosted their target price on Nebius Group from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, June 16th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Nebius Group has a consensus rating of “Buy” and an average price target of $66.50.

Nebius Group Stock Up 0.3%

Shares of Nebius Group stock opened at $50.10 on Friday. The stock’s fifty day moving average is $40.53 and its two-hundred day moving average is $33.63. The company has a market capitalization of $11.81 billion, a PE ratio of -87.89 and a beta of 3.25. Nebius Group N.V. has a 52 week low of $14.09 and a 52 week high of $55.75.

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.