Mission Wealth Management LP Increases Stock Holdings in Nokia Oyj (NYSE:NOK)

Mission Wealth Management LP raised its stake in shares of Nokia Oyj (NYSE:NOK) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,714 shares of the technology company’s stock after purchasing an additional 9,711 shares during the quarter. Mission Wealth Management LP’s holdings in Nokia Oyj were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC purchased a new position in shares of Nokia Oyj during the third quarter valued at about $37,000. Capital Management Associates Inc purchased a new position in shares of Nokia Oyj in the 4th quarter valued at approximately $34,000. Crestwood Advisors Group LLC bought a new stake in shares of Nokia Oyj during the third quarter valued at approximately $37,000. Greenleaf Trust purchased a new stake in Nokia Oyj in the fourth quarter worth $38,000. Finally, Allworth Financial LP raised its holdings in Nokia Oyj by 236.0% in the third quarter. Allworth Financial LP now owns 11,382 shares of the technology company’s stock worth $43,000 after purchasing an additional 7,995 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NOK shares. Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. BNP Paribas started coverage on shares of Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.42.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $3.69 on Friday. The company has a 50 day moving average of $3.56 and a 200 day moving average of $3.48. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36. The firm has a market cap of $20.78 billion, a P/E ratio of 23.06, a PEG ratio of 1.18 and a beta of 1.07.

Nokia Oyj Company 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. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.