Aprio Wealth Management LLC purchased a new position in Nokia Oyj (NYSE:NOK – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,593 shares of the technology company’s stock, valued at approximately $82,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of Nokia Oyj by 1,012.3% during the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Nokia Oyj by 10.0% during the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after buying an additional 8,261,407 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Nokia Oyj by 2,505.3% during the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after buying an additional 702,279 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Nokia Oyj in the second quarter worth $2,501,000. Finally, Maverick Capital Ltd. bought a new position in shares of Nokia Oyj during the second quarter worth $1,240,000. 5.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on NOK shares. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their target price for the company from $4.35 to $6.35 in a research note on Monday, December 9th. Northland Securities restated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. Finally, StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.62.
Nokia Oyj Price Performance
NOK opened at $4.53 on Wednesday. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of 56.63, a PEG ratio of 5.80 and a beta of 1.06. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95. The business’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $4.27.
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. On average, equities research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.
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.
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