Stock Traders Purchase High Volume of Nokia Oyj Call Options (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was the recipient of unusually large options trading on Thursday. Investors purchased 12,419 call options on the stock. This represents an increase of 19% compared to the typical volume of 10,408 call options.

Institutional Investors Weigh In On Nokia Oyj

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased 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 buying 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. Alternative Investment Advisors LLC. acquired a new position in Nokia Oyj in the 2nd quarter worth $45,000. JGP Wealth Management LLC acquired a new stake in Nokia Oyj during the 3rd quarter valued at approximately $45,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Nokia Oyj during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

NOK has been the topic of a number of research reports. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Northland Securities reissued an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a report on Thursday, January 16th. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.86.

Nokia Oyj Trading Down 2.0 %

NOK opened at $4.61 on Friday. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $4.95. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 57.58, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The company’s 50 day simple moving average is $4.44 and its two-hundred day simple moving average is $4.32.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. Analysts expect that Nokia Oyj will post 0.35 EPS for the current fiscal year.

Nokia Oyj Company 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.