Wealthstar Advisors LLC bought a new position in shares of Nokia Oyj (NYSE:NOK – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,923 shares of the technology company’s stock, valued at approximately $146,000.
A number of other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in shares of Nokia Oyj by 871.4% in the second quarter. AQR Capital Management LLC now owns 165,810 shares of the technology company’s stock worth $627,000 after purchasing an additional 148,741 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Nokia Oyj by 15.7% in the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after buying an additional 2,710 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Nokia Oyj during the 2nd quarter valued at $206,000. GAMMA Investing LLC lifted 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 worth $37,000 after acquiring an additional 3,427 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in Nokia Oyj by 25.5% in the third quarter. Atomi Financial Group Inc. now owns 36,780 shares of the technology company’s stock worth $161,000 after acquiring an additional 7,465 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on NOK shares. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Craig Hallum upped their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Northland Securities reissued an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research note on Friday, October 18th. The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.86.
Nokia Oyj Stock Performance
NYSE:NOK opened at $4.84 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $4.95. The firm has a market cap of $26.36 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06. The business has a 50 day moving average price of $4.50 and a 200-day moving average price of $4.37.
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Equities research analysts predict 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.
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