Nokia Oyj (NYSE:NOK) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network lifted its position in Nokia Oyj (NYSE:NOK) by 56.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,007 shares of the technology company’s stock after acquiring an additional 6,865 shares during the period. First Affirmative Financial Network’s holdings in Nokia Oyj were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC acquired a new stake in Nokia Oyj during the 1st quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Nokia Oyj by 100.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,120 shares of the technology company’s stock worth $29,000 after purchasing an additional 3,060 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Nokia Oyj during the 4th quarter worth approximately $34,000. Tcwp LLC purchased a new stake in shares of Nokia Oyj in the fourth quarter valued at approximately $47,000. Finally, Brave Asset Management Inc. acquired a new stake in shares of Nokia Oyj in the first quarter valued at approximately $49,000. 5.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NOK. Northland Securities lowered their price objective on Nokia Oyj from $7.00 to $6.00 in a research note on Monday, July 17th. The Goldman Sachs Group cut their price objective on shares of Nokia Oyj from $6.60 to $5.90 and set a “buy” rating for the company in a research report on Friday, July 21st. TheStreet lowered shares of Nokia Oyj from a “b-” rating to a “c+” rating in a report on Monday, June 12th. Finally, StockNews.com initiated coverage on shares of Nokia Oyj in a report on Thursday, August 17th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.83.

Nokia Oyj Stock Down 2.2 %

Nokia Oyj stock opened at $3.93 on Friday. The company has a market capitalization of $22.13 billion, a PE ratio of 5.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 1.60. Nokia Oyj has a fifty-two week low of $3.75 and a fifty-two week high of $5.11. The firm has a 50 day moving average price of $3.95 and a 200 day moving average price of $4.21.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Nokia Oyj had a net margin of 16.16% and a return on equity of 10.43%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.22 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. Research analysts expect that Nokia Oyj will post 0.42 earnings per share for the current year.

About Nokia Oyj

Nokia Oyj provides 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 offers products and services for radio access networks and microwave radio links for transport networks, and solutions for network management, as well as network planning, optimization, network deployment, and technical support services.