Reddit’s 5 Meme Stocks Ranked From Best to Worst According to Hedge Funds

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In this article, we discuss Reddit’s 5 meme stocks ranked from best to worst according to hedge funds. If you want to see more stocks in this selection, check out Reddit’s 10 Meme Stocks Ranked From Best to Worst According to Hedge Funds

5. Nokia Oyj (NYSE:NOK)

Number of Hedge Fund Holders: 17

Nokia Oyj (NYSE:NOK) is a Finnish multinational provider of mobile, fixed, and cloud network solutions worldwide. The company operates through four segments – Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. It is one of the top Reddit meme stocks to watch. On January 30, Nokia Oyj (NYSE:NOK) reported a Q4 non-GAAP EPS of Є0.16 and a revenue of Є7.45 billion, outperforming Wall Street estimates by Є0.03 and Є350 million, respectively. 

On February 14, Credit Suisse analyst Adithya Metuku maintained an Outperform rating on Nokia Oyj (NYSE:NOK) but lowered the firm’s price target on the shares to EUR 5.61 from EUR 6.05. 

According to Insider Monkey’s fourth quarter database, Nokia Oyj (NYSE:NOK) was part of 17 hedge fund portfolios, compared to 24 in the prior quarter. LMR Partners is the largest stakeholder of the company, with 10.3 million shares worth $47.8 million. 

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