Stratos Wealth Partners LTD. has significantly decreased its holdings in Nokia Oyj, a technology company traded on the NYSE. According to its 13F filing with the Securities and Exchange Commission (SEC), Stratos Wealth Partners LTD. sold 23,182 shares, resulting in an 18.7% reduction of its holdings during the fourth quarter. The firm now owns 100,645 shares of Nokia Oyj’s stock, with a total worth of $344,000.
Stratos Wealth Partners LTD. is not the only one making changes to their positions in Nokia Oyj. Other hedge funds and institutional investors have also recently made moves. Advisors Asset Management Inc. acquired a new position in the company’s shares during the fourth quarter, valued at approximately $34,000. Paradigm Asset Management Co. LLC and Vontobel Holding Ltd. both bought new stakes in Nokia Oyj in the third and first quarters respectively, with both positions valued at around $37,000 and $55,000. Crestwood Advisors Group LLC and AlphaQ Advisors LLC also purchased stakes in Nokia Oyj during the third and first quarters, with values of about $37,000 and $52,000. Overall, institutional investors and hedge funds own approximately 5.28% of the company’s stock.
Analyst reports have influenced the market sentiments towards Nokia Oyj. Barclays downgraded the company’s rating from “equal weight” to “underweight” in a research report, while BNP Paribas initiated coverage with a “neutral” rating. The Goldman Sachs Group also downgraded Nokia Oyj from “buy” to “neutral” and decreased their target price for the company. Presently, two analysts rate the stock as sell, five as hold, and two as buy, giving it an overall consensus rating of “Hold” with an average target price of $5.06.
The stock of Nokia Oyj opened at $3.33 on Monday. It has a debt-to-equity ratio of 0.18 and a current ratio of 1.66. The company has a market capitalization of $18.76 billion with a P/E ratio of 27.75. Nokia Oyj reported $0.11 EPS for the last quarter, slightly missing analysts’ consensus estimates of $0.14. The company had revenue of $6.15 billion, lower than the consensus estimate of $6.66 billion. Nokia Oyj’s return on equity is 7.60% with a net margin of 2.99%. Analysts forecast that the company will post $0.38 earnings per share for the current fiscal year.
Nokia Oyj operates globally, providing mobile, fixed, and cloud network solutions. The company is divided into four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. It offers various solutions including fixed networking, IP networking, optical networks, and submarine networks.
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Nokia Oyj, a technology company traded on the NYSE, has been seeing changes in its holdings by major investors. Stratos Wealth Partners LTD. recently sold a significant portion of its shares in Nokia Oyj, resulting in an 18.7% reduction in its holdings during the fourth quarter. The firm now owns 100,645 shares of Nokia Oyj’s stock, worth approximately $344,000. Other hedge funds and institutional investors, such as Advisors Asset Management Inc., Paradigm Asset Management Co. LLC, and Vontobel Holding Ltd., also made moves with their positions in Nokia Oyj.
Analyst reports have influenced market sentiments towards Nokia Oyj. Barclays downgraded the company’s rating, BNP Paribas gave it a “neutral” rating, and The Goldman Sachs Group downgraded Nokia Oyj and decreased its target price for the company. As of now, there are two “sell” ratings, five “hold” ratings, and two “buy” ratings, giving the stock an overall consensus rating of “Hold” with an average target price of $5.06.
Nokia Oyj, with a market capitalization of $18.76 billion, operates globally and provides mobile, fixed, and cloud network solutions. The company is divided into four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. It offers various solutions, including fixed networking, IP networking, optical networks, and submarine networks.
For those interested in staying updated with the latest news and analysts’ ratings for Nokia Oyj, HoldingsChannel.com provides access to the most recent 13F filings and insider trades.
The source of the article is from the blog krama.net