TCW Group Inc. raised its holdings in shares of Nokia Corporation (NYSE:NOK) by 30.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,074,746 shares of the technology company’s stock after purchasing an additional 1,429,672 shares during the quarter. TCW Group Inc. owned approximately 0.10% of Nokia Corporation worth $36,327,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Greenleaf Trust lifted its holdings in Nokia Corporation by 2.4% during the second quarter. Greenleaf Trust now owns 33,585 shares of the technology company’s stock valued at $207,000 after purchasing an additional 801 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Nokia Corporation by 1.7% in the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock worth $323,000 after buying an additional 900 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in shares of Nokia Corporation by 8.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock worth $142,000 after buying an additional 1,801 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of Nokia Corporation by 3.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 102,153 shares of the technology company’s stock worth $629,000 after buying an additional 3,327 shares in the last quarter. Finally, American Asset Management Inc. lifted its holdings in shares of Nokia Corporation by 7.2% in the second quarter. American Asset Management Inc. now owns 55,477 shares of the technology company’s stock worth $342,000 after buying an additional 3,717 shares in the last quarter. 5.87% of the stock is currently owned by institutional investors and hedge funds.
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A number of brokerages recently weighed in on NOK. BidaskClub raised shares of Nokia Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. UBS AG reiterated a “buy” rating on shares of Nokia Corporation in a research report on Wednesday, September 20th. Vetr cut shares of Nokia Corporation from a “strong-buy” rating to a “buy” rating and set a $7.13 price target on the stock. in a research report on Thursday, July 27th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Nokia Corporation in a research report on Friday, October 27th. Finally, Zacks Investment Research cut shares of Nokia Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. Nokia Corporation presently has a consensus rating of “Hold” and a consensus price target of $5.75.
Shares of Nokia Corporation (NOK) traded down $0.03 during trading hours on Wednesday, hitting $4.83. The company had a trading volume of 8,623,100 shares, compared to its average volume of 13,543,248. The company has a market cap of $27,940.00, a P/E ratio of 13.50, a PEG ratio of 1.10 and a beta of 1.25. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65.
Nokia Corporation (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the firm earned $0.04 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. research analysts predict that Nokia Corporation will post 0.33 EPS for the current year.
Nokia Corporation Company Profile
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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