SG Americas Securities LLC Invests $1.47 Million in Nokia Corporation $NOK

SG Americas Securities LLC bought a new stake in Nokia Corporation (NYSE:NOK) in the 1st quarter, Holdings Channel.com reports. The firm bought 182,434 shares of the technology company’s stock, valued at approximately $1,467,000.

A number of other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares during the last quarter. Wexford Capital LP purchased a new stake in Nokia in the third quarter valued at approximately $29,000. FNY Investment Advisers LLC lifted its stake in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after buying an additional 4,684 shares during the last quarter. Dorato Capital Management acquired a new stake in shares of Nokia in the fourth quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Nokia during the third quarter worth approximately $34,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on NOK. Barclays reaffirmed an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Argus upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, April 27th. Northland Securities set a $20.00 price objective on shares of Nokia in a research report on Wednesday, June 3rd. Arete Research upgraded shares of Nokia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.57.

Nokia Trading Down 0.1%

Shares of NOK stock opened at $12.06 on Friday. The company has a market capitalization of $69.25 billion, a P/E ratio of 75.38, a price-to-earnings-growth ratio of 2.36 and a beta of 1.17. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $13.84 and its two-hundred day moving average is $9.78. Nokia Corporation has a twelve month low of $4.00 and a twelve month high of $17.45.

Nokia (NYSE:NOK) last released its quarterly earnings results 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 business had revenue of $5.21 billion during the quarter. Equities analysts forecast that Nokia Corporation will post 0.4 EPS 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.