180 Wealth Advisors LLC Invests $149,000 in Nokia Co. (NYSE:NOK)

180 Wealth Advisors LLC bought a new position in Nokia Co. (NYSE:NOK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,790 shares of the technology company’s stock, valued at approximately $149,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Credit Suisse AG boosted its stake in shares of Nokia by 83.1% in the 1st quarter. Credit Suisse AG now owns 7,273,128 shares of the technology company’s stock worth $28,801,000 after buying an additional 3,301,750 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Nokia by 7.6% in the second quarter. Quadrant Capital Group LLC now owns 32,738 shares of the technology company’s stock valued at $174,000 after purchasing an additional 2,313 shares during the last quarter. Henry James International Management Inc. lifted its stake in Nokia by 8.6% in the second quarter. Henry James International Management Inc. now owns 803,275 shares of the technology company’s stock valued at $4,273,000 after purchasing an additional 63,686 shares during the last quarter. McCarthy Asset Management Inc. purchased a new position in Nokia in the second quarter valued at approximately $35,000. Finally, JPMorgan Chase & Co. lifted its stake in Nokia by 346.2% in the second quarter. JPMorgan Chase & Co. now owns 7,819,825 shares of the technology company’s stock valued at $41,601,000 after purchasing an additional 6,067,131 shares during the last quarter. Hedge funds and other institutional investors own 8.09% of the company’s stock.

Several equities analysts recently commented on NOK shares. JPMorgan Chase & Co. upgraded Nokia from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $4.30 to $7.80 in a research note on Wednesday, July 14th. Societe Generale reiterated a “buy” rating on shares of Nokia in a research note on Tuesday, August 3rd. Cowen upgraded Nokia from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $5.00 to $8.00 in a research note on Friday, July 30th. Credit Suisse Group restated a “neutral” rating on shares of Nokia in a research report on Wednesday, September 8th. Finally, Exane BNP Paribas upgraded Nokia from a “neutral” rating to an “outperform” rating and set a $7.70 target price on the stock in a research report on Tuesday, July 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $7.32.

Nokia stock opened at $5.84 on Thursday. The stock has a market cap of $32.80 billion, a P/E ratio of -15.37, a PEG ratio of 10.35 and a beta of 0.80. Nokia Co. has a fifty-two week low of $3.21 and a fifty-two week high of $9.79. The firm’s fifty day moving average price is $5.82 and its 200-day moving average price is $5.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 1.58.

Nokia (NYSE:NOK) last released its earnings results on Wednesday, July 28th. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Nokia had a positive return on equity of 14.70% and a negative net margin of 8.09%. Sell-side analysts predict that Nokia Co. will post 0.38 earnings per share for the current year.

About Nokia

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks.

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Institutional Ownership by Quarter for Nokia (NYSE:NOK)

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