Vest Financial LLC Acquires 9,260 Shares of Nokia Oyj (NYSE:NOK)

Vest Financial LLC boosted its holdings in Nokia Oyj (NYSE:NOK) by 43.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,756 shares of the technology company’s stock after buying an additional 9,260 shares during the quarter. Vest Financial LLC’s holdings in Nokia Oyj were worth $136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after purchasing an additional 3,427 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in Nokia Oyj in the third quarter valued at approximately $44,000. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj during the fourth quarter worth $45,000. PEAK6 Investments LLC bought a new position in shares of Nokia Oyj in the 3rd quarter valued at $45,000. Finally, Wedmont Private Capital acquired a new stake in shares of Nokia Oyj during the 4th quarter valued at $47,000. Institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $4.35 to $6.35 in a report on Monday, December 9th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. Finally, Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.86.

Nokia Oyj Stock Up 0.5 %

Shares of NYSE NOK opened at $4.82 on Monday. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company’s 50 day moving average price is $4.50 and its 200-day moving average price is $4.36. The company has a market capitalization of $26.25 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Equities analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj 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.