Waterfront Wealth Inc. Decreases Stake in Nokia Corporation $NOK

Waterfront Wealth Inc. reduced its holdings in shares of Nokia Corporation (NYSE:NOK) by 52.8% during the first quarter, HoldingsChannel reports. The firm owned 149,965 shares of the technology company’s stock after selling 168,047 shares during the period. Waterfront Wealth Inc.’s holdings in Nokia were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NOK. Fifth Third Bancorp raised its position in Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares during the last quarter. Wexford Capital LP bought a new position in Nokia during the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC boosted its holdings in shares of Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after acquiring an additional 4,684 shares during the last quarter. Dorato Capital Management bought a new stake in shares of Nokia in the fourth quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Nokia in the third quarter worth approximately $34,000. 5.28% of the stock is currently owned by institutional investors.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia announced expanded work with NestAI to build AI-enabled defense capabilities using resilient connectivity, deployable 5G, and sensing technologies. The deal highlights Nokia’s push into higher-growth defense and AI network opportunities, which could improve investor sentiment. Nokia and NestAI build capability for AI-enabled defense operations with resilient connectivity in denied environments
• Neutral Sentiment: Reuters noted broader market chatter around “meme” and theme-driven trading, but this was not specific to Nokia and is unlikely to be a direct driver of the stock. Meme ETF rally leaves many underwater
• Neutral Sentiment: Nokia also drew valuation-focused coverage after a sharp pullback, with one piece arguing the stock may be fairly valued while another said it could still be undervalued on AI network optimism. That mixed assessment suggests the market is still debating how much upside is already priced in. Is Nokia Oyj (HLSE:NOKIA) Fairly Valued As Leadership Changes Meet A Sharp Pullback? Nokia (HLSE:NOKIA) Stock May Be 12% Undervalued On Fresh AI Network News
• Negative Sentiment: Nokia disclosed that FMR LLC’s indirect holdings fell below 5%, which may signal reduced institutional ownership and can be viewed as a modest headwind for sentiment. Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of FMR LLC in Nokia Corporation decreased below 5%

Nokia Stock Performance

Shares of NYSE:NOK traded down $0.46 during mid-day trading on Friday, reaching $12.45. 50,067,888 shares of the company traded hands, compared to its average volume of 83,880,504. The company’s 50 day moving average price is $13.96 and its 200-day moving average price is $9.99. The firm has a market cap of $71.46 billion, a PE ratio of 77.79, a PEG ratio of 1.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. Nokia Corporation has a 52 week low of $4.00 and a 52 week high of $17.45.

Nokia (NYSE:NOK) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.21 billion during the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. On average, equities analysts expect that Nokia Corporation will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a report on Friday, May 15th. Northland Securities set a $20.00 price objective on Nokia in a report on Wednesday, June 3rd. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Monday, April 27th. Finally, Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a report on Monday, April 13th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.57.

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.