Nokia Corporation $NOK Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in Nokia Corporation (NYSE:NOK) by 41.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,328 shares of the technology company’s stock after buying an additional 49,649 shares during the period. Corient Private Wealth LLC’s holdings in Nokia were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NOK. Fifth Third Bancorp boosted its holdings in shares of Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,721 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Nokia by 33,457.1% during the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after purchasing an additional 4,684 shares during the last quarter. Dorato Capital Management acquired a new position in Nokia during the fourth quarter valued at $31,000. Smithfield Trust Co acquired a new position in Nokia during the fourth quarter valued at $35,000. Finally, Wexford Capital LP purchased a new stake in Nokia in the third quarter valued at $29,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Stock Performance

NYSE NOK opened at $12.06 on Friday. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 75.38, a PEG ratio of 2.51 and a beta of 1.17. The stock has a 50-day moving average of $13.79 and a 200 day moving average of $9.76. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. Nokia Corporation has a twelve month low of $4.00 and a twelve month high of $17.45.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The company had revenue of $5.21 billion for the quarter. Sell-side analysts anticipate that Nokia Corporation will post 0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Arete Research upgraded Nokia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. Danske upgraded Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.