Pekin Hardy Strauss Inc. Sells 14,185 Shares of Nebius Group N.V. $NBIS

Pekin Hardy Strauss Inc. cut its position in shares of Nebius Group N.V. (NASDAQ:NBIS - Free Report) by 35.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,635 shares of the company's stock after selling 14,185 shares during the period. Pekin Hardy Strauss Inc.'s holdings in Nebius Group were worth $1,418,000 at the end of the most recent quarter.5 AI Infrastructure Stocks Enabling the Next Wave of GrowthSeveral other hedge funds also recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd purchased a new stake in Nebius Group during the 1st quarter worth approximately $331,474,000. Accel Leaders 4 Associates L.P. acquired a new stake in shares of Nebius Group during the first quarter worth $96,704,000. Invesco Ltd. purchased a new stake in shares of Nebius Group during the first quarter valued at $73,782,000. Fred Alger Management LLC purchased a new position in Nebius Group in the 1st quarter worth $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. purchased a new position in Nebius Group in the 1st quarter worth $46,822,000. 21.90% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast GrowthSeveral equities analysts recently weighed in on NBIS shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $120.00 price target on shares of Nebius Group in a report on Wednesday, September 17th. DA Davidson reissued a "buy" rating and set a $75.00 target price on shares of Nebius Group in a report on Tuesday, September 9th. BWS Financial upped their target price on Nebius Group from $90.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Seaport Res Ptn upgraded Nebius Group to a "hold" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Nebius Group in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $91.20.Oracle’s AI Profits Look Slim—Are NBIS and CRWV at Risk Too?Read Our Latest Analysis on Nebius GroupNebius Group Price PerformanceNBIS opened at $111.28 on Friday. The stock's 50 day moving average price is $107.00 and its 200 day moving average price is $68.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 14.70 and a current ratio of 14.70. Nebius Group N.V. has a 12 month low of $17.39 and a 12 month high of $141.10. 2 AI Stocks With Record Breaking Rallies: Can They Continue?Nebius Group (NASDAQ:NBIS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.03. The company had revenue of $105.10 million for the quarter, compared to the consensus estimate of $95.60 million. Nebius Group had a net margin of 99.34% and a return on equity of 6.14%. On average, analysts anticipate that Nebius Group N.V. will post -1.1 EPS for the current fiscal year. Nebius Group Profile (Free Report)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.See AlsoFive stocks we like better than Nebius GroupWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?OpenAI's Restructuring Sets up What Could Be the Biggest IPO EverHow to Evaluate a Stock Before Buying 2 Rare Earth Stocks the U.S. Government Doesn’t Want to FailBuy P&G Now, Before It Sets A New All-Time HighCrowdStrike Partners With CoreWeave But Investors Sell the NewsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Nebius Group Right Now?Before you consider Nebius Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nebius Group wasn't on the list.While Nebius Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here