Bank Julius Baer & Co. Ltd Zurich Takes $58,000 Position in Nokia Oyj (NYSE:NOK)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nokia Oyj (NYSE:NOK) 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.

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

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.

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.