Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nokia Oyj (NYSE:NOK – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,915 shares of the technology company’s stock, valued at approximately $58,000.
A number of other hedge funds have also recently modified their holdings of the business. QRG Capital Management Inc. grew its stake in Nokia Oyj by 29.9% in the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock worth $3,060,000 after purchasing an additional 158,935 shares in the last quarter. FMR LLC grew its stake in Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. XTX Topco Ltd bought a new position in Nokia Oyj in the third quarter worth approximately $1,417,000. Allspring Global Investments Holdings LLC grew its stake in Nokia Oyj by 14.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Nokia Oyj by 261.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock worth $457,000 after purchasing an additional 74,552 shares in the last quarter. Institutional investors own 5.28% of the company’s stock.
Nokia Oyj Stock Up 0.1 %
Nokia Oyj stock opened at $5.15 on Wednesday. The business has a fifty day moving average of $4.76 and a two-hundred day moving average of $4.53. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.05 billion, a P/E ratio of 20.58, a P/E/G ratio of 6.43 and a beta of 1.11. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.28.
Analysts Set New Price Targets
Several brokerages recently issued reports on NOK. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th. Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.85.
Read Our Latest Stock Analysis on Nokia Oyj
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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