Nokia Corporation $NOK Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Nokia Corporation (NYSE:NOK) by 52.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,507 shares of the technology company’s stock after selling 99,985 shares during the quarter. Quantbot Technologies LP’s holdings in Nokia were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its position in Nokia by 677.1% during the second quarter. First Horizon Advisors Inc. now owns 8,486 shares of the technology company’s stock worth $44,000 after acquiring an additional 7,394 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Nokia in the 3rd quarter valued at about $50,000. Park National Corp OH purchased a new position in Nokia in the 3rd quarter worth approximately $51,000. EP Wealth Advisors LLC purchased a new position in Nokia in the 2nd quarter worth approximately $54,000. Finally, Lido Advisors LLC acquired a new position in shares of Nokia during the 2nd quarter worth approximately $57,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. New Street Research set a $6.57 price target on Nokia in a report on Thursday, November 20th. Wall Street Zen lowered Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Citigroup restated a “sell” rating on shares of Nokia in a report on Friday, January 23rd. Morgan Stanley began coverage on Nokia in a research note on Monday, February 9th. They issued an “overweight” rating and a $8.00 target price for the company. Finally, Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.01.

Nokia Stock Up 1.9%

NOK stock opened at $7.89 on Tuesday. Nokia Corporation has a one year low of $4.00 and a one year high of $8.37. The firm has a market cap of $45.28 billion, a PE ratio of 60.66, a PEG ratio of 2.83 and a beta of 0.79. The firm’s 50 day moving average price is $7.00 and its 200-day moving average price is $6.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58.

Nokia Profile

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.