Advisor Partners LLC boosted its position in Nokia Oyj (NYSE:NOK) by 63.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,824 shares of the technology company’s stock after buying an additional 12,789 shares during the quarter. Advisor Partners LLC’s holdings in Nokia Oyj were worth $191,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Weybosset Research & Management LLC bought a new position in Nokia Oyj in the fourth quarter valued at approximately $66,000. Lourd Capital LLC grew its stake in Nokia Oyj by 92.8% in the fourth quarter. Lourd Capital LLC now owns 28,942 shares of the technology company’s stock valued at $168,000 after purchasing an additional 13,933 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Nokia Oyj by 17.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 30,218 shares of the technology company’s stock valued at $175,000 after purchasing an additional 4,400 shares in the last quarter. Belpointe Asset Management LLC bought a new position in Nokia Oyj in the third quarter valued at approximately $190,000. Finally, Fisher Asset Management LLC grew its stake in Nokia Oyj by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 33,897 shares of the technology company’s stock valued at $197,000 after purchasing an additional 3,034 shares in the last quarter. 6.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE NOK opened at $6.05 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 0.18. Nokia Oyj has a 12 month low of $5.07 and a 12 month high of $6.65. The company has a market cap of $34.04 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.15 and a beta of 0.39.
Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 31st. The technology company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 1.58%. The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.61 billion. On average, research analysts expect that Nokia Oyj will post 0.28 EPS for the current year.
A number of research analysts have weighed in on the company. Zacks Investment Research restated a “buy” rating and issued a $6.25 price target on shares of Nokia Oyj in a research note on Monday, December 31st. ValuEngine upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. BMO Capital Markets upgraded Nokia Oyj from a “market perform” rating to an “outperform” rating and raised their price target for the company from $5.00 to $7.50 in a research note on Thursday, January 3rd. Finally, DNB Markets upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.81.
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About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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