Jefferies Financial Group Inc. Purchases Shares of 955,400 Nokia Corporation $NOK

Jefferies Financial Group Inc. purchased a new position in shares of Nokia Corporation (NYSE:NOK) in the third quarter, Holdings Channel.com reports. The firm purchased 955,400 shares of the technology company’s stock, valued at approximately $4,595,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its holdings in shares of Nokia by 35,010.3% in the 3rd 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 during the last quarter. Pzena Investment Management LLC lifted its stake in Nokia by 17.0% during the third quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company’s stock worth $386,387,000 after purchasing an additional 11,667,677 shares during the last quarter. Folketrygdfondet boosted its holdings in Nokia by 66.6% in the third quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company’s stock valued at $83,600,000 after purchasing an additional 6,950,487 shares in the last quarter. Millennium Management LLC increased its stake in Nokia by 6,539.2% in the first quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock valued at $14,975,000 after purchasing an additional 2,798,758 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in Nokia by 38.0% in the third quarter. Penserra Capital Management LLC now owns 7,760,500 shares of the technology company’s stock valued at $37,328,000 after purchasing an additional 2,136,545 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Price Performance

NOK stock opened at $7.89 on Tuesday. 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 company has a market capitalization of $45.28 billion, a P/E ratio of 60.66, a PEG ratio of 2.83 and a beta of 0.79. The business has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $6.15. Nokia Corporation has a twelve month low of $4.00 and a twelve month high of $8.37.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup restated a “sell” rating on shares of Nokia in a research report on Friday, January 23rd. Kepler Capital Markets raised shares of Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Nokia from $7.10 to $8.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Finally, Argus raised Nokia to a “hold” rating in a report on Wednesday, February 11th. Eight 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.01.

Nokia Company 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.