Oppenheimer & Co. Inc. cut its position in Nokia Oyj (NYSE:NOK) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,085 shares of the technology company’s stock after selling 60,994 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Nokia Oyj were worth $1,654,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Tiedemann Wealth Management LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at approximately $114,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at approximately $116,000. Strategic Global Advisors LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at approximately $143,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at approximately $190,000. Finally, Well Done LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at approximately $207,000. Institutional investors own 6.03% of the company’s stock.
Nokia Oyj (NOK) opened at $5.76 on Friday. The stock has a market cap of $32,268.53, a P/E ratio of 15.08, a P/E/G ratio of 2.46 and a beta of 1.32. Nokia Oyj has a 12-month low of $4.51 and a 12-month high of $6.65. The company has a current ratio of 1.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.
Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Nokia Oyj had a negative net margin of 6.37% and a positive return on equity of 10.80%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. analysts anticipate that Nokia Oyj will post 0.31 earnings per share for the current year.
Several equities analysts have recently commented on the stock. Vetr cut shares of Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $5.54 target price for the company. in a research report on Monday, February 5th. Goldman Sachs Group restated a “neutral” rating on shares of Nokia Oyj in a research report on Thursday, January 18th. Credit Suisse Group cut shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $4.89 to $5.00 in a research report on Friday, January 5th. Canaccord Genuity dropped their target price on shares of Nokia Oyj from $7.00 to $5.50 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $5.74.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/17/oppenheimer-co-inc-has-1-65-million-stake-in-nokia-oyj-nok.html.
Nokia Oyj 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.
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.