
Orbis Allan Gray Ltd Acquires New Shares in Nebius Group N.V. $NBIS

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Orbis Allan Gray Ltd has acquired a new stake in Nebius Group N.V. (NASDAQ:NBIS), purchasing 15,702,222 shares valued at approximately $331.5 million, making it the 19th largest position in its portfolio. Other institutional investors have also increased their stakes. Currently, 21.90% of Nebius Group's stock is owned by institutional investors. The stock has seen a decline of 5.2%, with a market cap of $16.11 billion and a price-to-earnings ratio of -119.86. Analysts have mixed ratings, with an average target price of $70.80.
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