Kestra Private Wealth Services LLC Purchases 2,774 Shares of Nokia Oyj (NYSE:NOK)

Posted by on Apr 21st, 2023

Kestra Private Wealth Services LLC lifted its position in shares of Nokia Oyj (NYSE:NOK – Get Rating) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,852 shares of the technology company’s stock after acquiring an additional 2,774 shares during the period. Kestra Private Wealth Services LLC’s holdings in Nokia Oyj were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RFP Financial Group LLC bought a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $25,000. O Dell Group LLC bought a new position in Nokia Oyj in the 3rd quarter valued at approximately $26,000. Bessemer Group Inc. lifted its stake in Nokia Oyj by 62.1% in the 3rd quarter. Bessemer Group Inc. now owns 6,904 shares of the technology company’s stock valued at $29,000 after purchasing an additional 2,644 shares during the last quarter. Romano Brothers AND Company bought a new position in Nokia Oyj in the 4th quarter valued at approximately $39,000. Finally, Buckingham Strategic Wealth LLC bought a new position in Nokia Oyj in the 3rd quarter valued at approximately $44,000. Institutional investors own 7.57% of the company’s stock.

Nokia Oyj Trading Down 9.1 %

NOK opened at $4.20 on Friday. Nokia Oyj has a twelve month low of $4.08 and a twelve month high of $5.41. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $4.71 and a 200-day moving average of $4.68. The stock has a market cap of $23.66 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 5.68 and a beta of 0.97.

Nokia Oyj (NYSE:NOK – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Nokia Oyj had a net margin of 16.73% and a return on equity of 12.31%. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the company posted $0.15 earnings per share. Nokia Oyj’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, sell-side analysts predict that Nokia Oyj will post 0.46 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on NOK shares. StockNews.com started coverage on shares of Nokia Oyj in a research note on Thursday, March 16th. They issued a “strong-buy” rating for the company. DNB Markets downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Tuesday, January 17th. Raymond James raised their price target on shares of Nokia Oyj from $6.50 to $7.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. TheStreet raised shares of Nokia Oyj from a “c+” rating to a “b-” rating in a research note on Wednesday, March 8th. Finally, UBS Group downgraded shares of Nokia Oyj from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 31st. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Nokia Oyj presently has a consensus rating of “Moderate Buy” and an average price target of $5.88.

About Nokia Oyj

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Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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