Stratos Wealth Partners LTD. Sells 23,182 Shares of Nokia Oyj (NYSE:NOK)

Stratos Wealth Partners LTD. reduced its holdings in Nokia Oyj (NYSE:NOK) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,645 shares of the technology company’s stock after selling 23,182 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Nokia Oyj were worth $344,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NOK. BlackRock Inc. increased its holdings in shares of Nokia Oyj by 18.9% in the first quarter. BlackRock Inc. now owns 4,795,249 shares of the technology company’s stock worth $26,183,000 after acquiring an additional 763,930 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Nokia Oyj by 79.1% during the first quarter. Dimensional Fund Advisors LP now owns 5,029,643 shares of the technology company’s stock worth $27,462,000 after buying an additional 2,221,142 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Nokia Oyj during the first quarter worth about $55,000. Sequoia Financial Advisors LLC grew its holdings in shares of Nokia Oyj by 44.9% during the first quarter. Sequoia Financial Advisors LLC now owns 62,728 shares of the technology company’s stock worth $343,000 after buying an additional 19,430 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Nokia Oyj by 171.3% during the first quarter. NewEdge Advisors LLC now owns 33,493 shares of the technology company’s stock worth $183,000 after buying an additional 21,146 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NOK. BNP Paribas began coverage on Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating for the company. Barclays downgraded Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $5.10 to $3.40 in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.06.

Nokia Oyj Stock Performance

Shares of NYSE NOK opened at $3.33 on Monday. The stock has a 50 day moving average price of $3.55 and a 200 day moving average price of $3.48. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66. The stock has a market capitalization of $18.76 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company posted $0.16 earnings per share. Analysts predict that Nokia Oyj will post 0.38 earnings per share for the current fiscal year.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.