16,861 Shares in Nokia Corporation $NOK Acquired by Wrapmanager Inc.

Wrapmanager Inc. bought a new position in Nokia Corporation (NYSE:NOK) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 16,861 shares of the technology company’s stock, valued at approximately $87,000.

A number of other institutional investors also recently bought and sold shares of NOK. ICONIQ Capital LLC grew its position in Nokia by 5.7% in the first quarter. ICONIQ Capital LLC now owns 40,797 shares of the technology company’s stock worth $215,000 after acquiring an additional 2,205 shares during the period. Allworth Financial LP raised its holdings in Nokia by 16.0% in the 1st quarter. Allworth Financial LP now owns 16,308 shares of the technology company’s stock valued at $79,000 after buying an additional 2,248 shares during the period. National Bank of Canada FI boosted its stake in Nokia by 5.0% during the first quarter. National Bank of Canada FI now owns 50,603 shares of the technology company’s stock worth $266,000 after buying an additional 2,425 shares during the period. Ellevest Inc. increased its position in shares of Nokia by 23.0% during the second quarter. Ellevest Inc. now owns 14,722 shares of the technology company’s stock valued at $76,000 after acquiring an additional 2,754 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Nokia by 15.9% in the 2nd quarter. GAMMA Investing LLC now owns 21,203 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,901 shares during the period. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Trading Down 0.8%

NOK opened at $6.73 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 37.36 and a beta of 0.84. The business has a fifty day moving average price of $5.63 and a 200 day moving average price of $5.11. Nokia Corporation has a 12 month low of $3.91 and a 12 month high of $8.19.

Nokia (NYSE:NOK) last announced its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Nokia had a return on equity of 8.31% and a net margin of 4.65%.The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter last year, the business posted $0.06 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts expect that Nokia Corporation will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NOK shares. JPMorgan Chase & Co. lifted their target price on shares of Nokia from $6.00 to $7.10 and gave the company an “overweight” rating in a report on Friday, October 24th. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Santander lowered Nokia to a “neutral” rating in a research note on Wednesday, October 29th. UBS Group reaffirmed a “neutral” rating on shares of Nokia in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nokia presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.87.

Nokia 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.