Diversify Wealth Management LLC Sells 207,452 Shares of Nokia Corporation $NOK

Diversify Wealth Management LLC trimmed its position in shares of Nokia Corporation (NYSE:NOK) by 92.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,738 shares of the technology company’s stock after selling 207,452 shares during the period. Diversify Wealth Management LLC’s holdings in Nokia were worth $76,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NOK. Artisan Partners Limited Partnership raised its position in Nokia by 1.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 108,136,988 shares of the technology company’s stock valued at $560,150,000 after purchasing an additional 1,957,524 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Nokia by 17.0% during the third quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company’s stock valued at $386,387,000 after acquiring an additional 11,667,677 shares in the last quarter. Folketrygdfondet lifted its stake in Nokia by 66.6% in the third quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company’s stock worth $83,600,000 after acquiring an additional 6,950,487 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Nokia by 35,010.3% in the third quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company’s stock valued at $60,871,000 after acquiring an additional 12,619,099 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Nokia by 8.7% during 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 during the period. 5.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NOK. New Street Research set a $6.57 target price on shares of Nokia in a research report on Thursday, November 20th. Morgan Stanley initiated coverage on shares of Nokia in a research note on Monday, February 9th. They issued an “overweight” rating and a $8.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Nokia in a report on Monday, December 22nd. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a research note on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.01.

Nokia Trading Up 2.9%

Nokia stock opened at $7.72 on Monday. Nokia Corporation has a 12 month low of $4.00 and a 12 month high of $8.19. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $6.83 and its two-hundred day simple moving average is $5.99. The company has a market capitalization of $44.30 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79.

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.