Lake Street Advisors Group LLC decreased its position in shares of Nokia Oyj (NYSE:NOK – Free Report) by 21.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,688 shares of the technology company’s stock after selling 8,259 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Nokia Oyj were worth $124,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPlan Investment Management LLC acquired a new position in Nokia Oyj during the first quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $34,000. SouthState Corp purchased a new stake in Nokia Oyj in the 2nd quarter valued at $42,000. Vontobel Holding Ltd. purchased a new position in Nokia Oyj during the 1st quarter worth $55,000. Finally, Executive Wealth Management LLC acquired a new position in Nokia Oyj in the second quarter valued at $42,000. Institutional investors and hedge funds own 5.26% of the company’s stock.
Nokia Oyj Price Performance
Shares of NYSE:NOK traded up $0.02 on Friday, reaching $3.56. 5,648,530 shares of the company were exchanged, compared to its average volume of 16,469,637. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.17. Nokia Oyj has a 1-year low of $3.05 and a 1-year high of $5.11. The company has a 50-day moving average of $3.58 and a 200-day moving average of $3.86. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 5.09 and a beta of 1.02.
Analyst Ratings Changes
NOK has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on Nokia Oyj from $7.24 to $6.85 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th. StockNews.com initiated coverage on shares of Nokia Oyj in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Raymond James cut their price objective on shares of Nokia Oyj from $6.00 to $4.50 and set an “outperform” rating for the company in a research report on Friday, October 20th. The Goldman Sachs Group lowered their target price on shares of Nokia Oyj from $5.90 to $5.10 and set a “buy” rating on the stock in a report on Friday, October 20th. Finally, DNB Markets upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.61.
Nokia Oyj Profile
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.
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