Nokia Co. (NYSE:NOK) Shares Bought by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. grew its holdings in shares of Nokia Co. (NYSE:NOK) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 603,126 shares of the technology company’s stock after purchasing an additional 14,097 shares during the period. Advisor Group Holdings Inc.’s holdings in Nokia were worth $3,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC increased its holdings in shares of Nokia by 2.4% during the third quarter. Kestra Advisory Services LLC now owns 77,502 shares of the technology company’s stock valued at $422,000 after purchasing an additional 1,841 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Nokia by 13.7% during the third quarter. Fisher Asset Management LLC now owns 15,253 shares of the technology company’s stock valued at $83,000 after purchasing an additional 1,843 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of Nokia by 3.7% during the second quarter. Nations Financial Group Inc. IA ADV now owns 59,915 shares of the technology company’s stock valued at $319,000 after purchasing an additional 2,111 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Nokia by 16.0% during the third quarter. Park Avenue Securities LLC now owns 15,806 shares of the technology company’s stock valued at $86,000 after purchasing an additional 2,182 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Nokia by 3.8% during the third quarter. Kestra Private Wealth Services LLC now owns 60,532 shares of the technology company’s stock valued at $330,000 after purchasing an additional 2,223 shares during the period. 8.22% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Barclays reaffirmed an “equal weight” rating on shares of Nokia in a research note on Monday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research note on Friday, October 29th. Finally, Morgan Stanley assumed coverage on Nokia in a research note on Monday, December 20th. They set an “overweight” rating and a $7.50 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Nokia currently has an average rating of “Buy” and an average target price of $7.35.

NYSE:NOK opened at $5.93 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.60 and a debt-to-equity ratio of 0.28. Nokia Co. has a 1-year low of $3.75 and a 1-year high of $9.79. The firm has a market capitalization of $33.31 billion, a price-to-earnings ratio of -16.94, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. The stock has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $5.83.

Nokia (NYSE:NOK) last released its quarterly earnings results on Wednesday, October 27th. The technology company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Nokia had a positive return on equity of 15.51% and a negative net margin of 7.37%. The business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same quarter last year, the company posted $0.06 EPS. Equities analysts predict that Nokia Co. will post 0.39 earnings per share for the current year.

Nokia Company Profile

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks.

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Institutional Ownership by Quarter for Nokia (NYSE:NOK)

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