Annex Advisory Services LLC Buys 4,221,629 Shares of Nokia Corporation $NOK

Annex Advisory Services LLC lifted its stake in Nokia Corporation (NYSE:NOK - Free Report) by 1,710.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,468,371 shares of the technology company's stock after purchasing an additional 4,221,629 shares during the period. Annex Advisory Services LLC owned 0.08% of Nokia worth $45,309,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. IFP Advisors Inc raised its holdings in Nokia by 1,152.7% in the second quarter. IFP Advisors Inc now owns 7,942 shares of the technology company's stock worth $105,000 after purchasing an additional 7,308 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in Nokia in the first quarter worth $81,000. Waverly Advisors LLC bought a new stake in Nokia in the first quarter worth $82,000. Foster Group Inc. purchased a new stake in shares of Nokia in the second quarter worth $138,000. Finally, Wedmont Private Capital purchased a new position in shares of Nokia in the 3rd quarter worth about $110,000. Institutional investors own 5.28% of the company's stock.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: A comparison of Nokia (NOK) and Motorola Solutions (MSI) highlights Nokia as a potential value opportunity for investors seeking exposure to wireless-equipment stocks. The article may support interest in NOK, although it does not represent a new company announcement. NOK or MSI: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Nokia transferred 2.14 million treasury shares to participants in its equity-based incentive plans. Because the shares were already held by Nokia and were transferred to settle existing awards, the transaction is primarily compensation-related rather than a new capital raise. Changes in Nokia Corporation's own shares
• Neutral Sentiment: Separate regulatory filings disclosed initial notifications for senior managers Konstanty Owczarek, Patrik Hammarén, David Heard and Pallavi Mahajan. The provided reports do not show transaction sizes or whether the managers bought or sold shares, limiting their immediate investment significance. Managers' transactions
• Neutral Sentiment: Nokia is expected to report earnings on Thursday, making the upcoming results, guidance and commentary on demand important near-term catalysts for NOK. Nokia Expected to Announce Earnings
• Negative Sentiment: Nokia reportedly plans to divest its industrial private-wireless and edge business. The move could streamline operations and sharpen focus, but investors may initially view the sale as a reduction in Nokia’s addressable growth opportunities unless the company provides attractive terms or a clear reinvestment strategy. Nokia Divests Industrial Private Wireless and Edge Business
• Negative Sentiment: A report says Nokia is considering leaving select markets. Potential withdrawals could reduce revenue and raise concerns about the company’s geographic growth outlook, though the report is not presented as a finalized corporate announcement. Nokia Reportedly Looking to Quit Select Markets
• Neutral Sentiment: A consumer-technology article speculates about Nokia-branded phones that could return in 2027. It is opinion-driven and has little direct bearing on Nokia’s current network-equipment earnings or valuation. Four Nokia Phones We Wish Made a Comeback in 2027

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group reissued a "neutral" rating on shares of Nokia in a research report on Wednesday, July 1st. S&P Equity Research reiterated a "positive" rating on shares of Nokia in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Nokia in a research report on Tuesday, September 29th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Nokia in a research note on Tuesday, August 18th. Finally, B. Riley Financial assumed coverage on Nokia in a research note on Thursday, September 17th. They issued a "buy" rating and a $15.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $13.57.

Nokia Trading Down 4.5%

Nokia stock opened at $9.13 on Friday. The firm has a 50 day moving average of $10.24 and a 200 day moving average of $11.42. The firm has a market capitalization of $52.46 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 1.14 and a beta of 1.19. Nokia Corporation has a 12-month low of $5.45 and a 12-month high of $17.45. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09.

Nokia (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $5.50 billion for the quarter, compared to analysts' expectations of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. As a group, research analysts predict that Nokia Corporation will post 0.39 earnings per share for the current year.

About Nokia

Nokia Oyj is a Finland-based technology company that develops and supplies communications networking equipment, software and related services. Its offerings support mobile and fixed broadband networks, including radio access networks, core networks, fiber and other fixed-access technologies, IP routing, optical networking, private wireless systems, cloud networking and network automation.

The company serves telecommunications operators, governments, enterprises and other organizations worldwide.

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