Corient Private Wealth LLC Sells 2,769 Shares of Nokia Oyj (NYSE:NOK)

Corient Private Wealth LLC cut its holdings in Nokia Oyj (NYSE:NOK) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,588 shares of the technology company’s stock after selling 2,769 shares during the period. Corient Private Wealth LLC’s holdings in Nokia Oyj were worth $485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NOK. QRG Capital Management Inc. lifted its stake in Nokia Oyj by 29.9% in the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock valued at $3,060,000 after purchasing an additional 158,935 shares during the last quarter. FMR LLC raised its stake in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after buying an additional 27,755,460 shares during the period. XTX Topco Ltd purchased a new position in shares of Nokia Oyj during the 3rd quarter valued at $1,417,000. Allspring Global Investments Holdings LLC grew its stake in shares of Nokia Oyj by 14.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after acquiring an additional 6,395 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Nokia Oyj in the 4th quarter worth about $517,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NOK shares. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report on Friday, February 21st. Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Trading Up 0.3 %

Shares of NOK stock opened at $5.22 on Friday. The company has a market capitalization of $28.44 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.48. The business’s fifty day moving average is $4.96 and its 200 day moving average is $4.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, equities research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.