Rep. Laurel M. Lee Sells Off Nokia Corporation (NYSE:NOK) Shares

Representative Laurel M. Lee (Republican-Florida) recently sold shares of Nokia Corporation (NYSE:NOK). In a filing disclosed on July 19th, the Representative disclosed that they had sold between $1,001 and $15,000 in Nokia stock on June 2nd.

Representative Laurel M. Lee also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Bank of America (NYSE:BAC) on 6/2/2026.

Nokia Price Performance

NOK traded up $0.56 during midday trading on Tuesday, reaching $10.64. 37,209,131 shares of the company’s stock were exchanged, compared to its average volume of 80,172,742. The firm has a market capitalization of $61.09 billion, a price-to-earnings ratio of 66.16, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. Nokia Corporation has a one year low of $4.00 and a one year high of $17.45. The business has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $10.19.

Nokia (NYSE:NOK) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The company had revenue of $5.21 billion for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. As a group, research analysts predict that Nokia Corporation will post 0.4 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on NOK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their target price on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Northland Securities set a $20.00 price target on shares of Nokia in a research report on Wednesday, June 3rd. Finally, Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a report on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.

Institutional Investors Weigh In On Nokia

Hedge funds have recently added to or reduced their stakes in the stock. J2 Capital Management Inc grew its stake in Nokia by 2.0% in the 1st quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company’s stock valued at $548,000 after purchasing an additional 1,319 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Nokia by 6.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,426 shares of the technology company’s stock worth $145,000 after purchasing an additional 1,450 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Nokia by 14.0% in the 1st quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company’s stock worth $97,000 after buying an additional 1,483 shares during the last quarter. Xponance LLC grew its position in Nokia by 13.0% during the fourth quarter. Xponance LLC now owns 13,590 shares of the technology company’s stock valued at $88,000 after buying an additional 1,567 shares during the period. Finally, Assetmark Inc. grew its position in Nokia by 12.1% during the first quarter. Assetmark Inc. now owns 14,704 shares of the technology company’s stock valued at $118,000 after buying an additional 1,591 shares during the period. Institutional investors own 5.28% of the company’s stock.

About Representative Lee

Laurel Lee (Republican Party) is a member of the U.S. House, representing Florida’s 15th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

Lee (Republican Party) is running for re-election to the U.S. House to represent Florida’s 15th Congressional District. She declared candidacy for the 2026 election.

Laurel Lee earned undergraduate and law degrees from the University of Florida. Lee’s career experience includes working as an attorney with Carlton Fields, P.A., an assistant federal public defender and assistant U.S. attorney with the United States District Court for the Middle District of Florida, and a law clerk to James S. Moody on the United States District Court for the Middle District of Florida. Lee resigned on May 16, 2022.

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.