Hantz Financial Services Inc. Increases Stake in Nokia Corporation $NOK

Hantz Financial Services Inc. increased its holdings in Nokia Corporation (NYSE:NOK) by 111.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,778 shares of the technology company’s stock after purchasing an additional 65,656 shares during the period. Hantz Financial Services Inc.’s holdings in Nokia were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NOK. Amundi purchased a new stake in shares of Nokia in the 1st quarter valued at $776,000. AQR Capital Management LLC boosted its stake in shares of Nokia by 27.5% in the 1st quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock valued at $985,000 after purchasing an additional 40,276 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Nokia by 6,539.2% in the 1st quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock valued at $14,975,000 after purchasing an additional 2,798,758 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Nokia by 6,204.9% in the 1st quarter. NewEdge Advisors LLC now owns 60,464 shares of the technology company’s stock valued at $319,000 after purchasing an additional 59,505 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Nokia by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock valued at $66,140,000 after purchasing an additional 1,002,033 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NOK shares. Danske lowered Nokia from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Argus raised Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, April 27th. Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a research note on Monday, April 13th. Barclays reissued an “underweight” rating on shares of Nokia in a research note on Wednesday, April 29th. Finally, Arete Research raised Nokia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Nokia Price Performance

Shares of NOK stock opened at $15.28 on Friday. The firm has a market cap of $87.71 billion, a P/E ratio of 95.47, a P/E/G ratio of 3.04 and a beta of 1.12. Nokia Corporation has a fifty-two week low of $4.00 and a fifty-two week high of $16.63. The business’s 50 day moving average price is $11.19 and its 200-day moving average price is $8.37. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.57.

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

About Nokia

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.