Checchi Capital Advisers LLC Grows Stock Holdings in Nokia Oyj (NYSE:NOK)

Checchi Capital Advisers LLC lifted its stake in shares of Nokia Oyj (NYSE:NOK) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,442 shares of the technology company’s stock after buying an additional 2,509 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Nokia Oyj were worth $91,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NOK. Allspring Global Investments Holdings LLC grew its stake in Nokia Oyj by 29.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 44,033 shares of the technology company’s stock worth $192,000 after purchasing an additional 10,117 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Nokia Oyj by 52.1% during the 3rd quarter. Private Advisor Group LLC now owns 52,400 shares of the technology company’s stock worth $229,000 after buying an additional 17,945 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Nokia Oyj by 396.6% during the third quarter. International Assets Investment Management LLC now owns 100,637 shares of the technology company’s stock valued at $440,000 after buying an additional 80,372 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Nokia Oyj by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after acquiring an additional 2,776 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj in the third quarter worth about $44,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Down 1.5 %

Shares of Nokia Oyj stock opened at $4.83 on Friday. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.06. The firm’s 50 day moving average price is $4.66 and its 200-day moving average price is $4.47. 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 company has a market cap of $26.31 billion, a P/E ratio of 19.30, a PEG ratio of 6.43 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 (EPS) 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%. On average, sell-side analysts predict that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NOK. Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. 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. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. One 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 currently has an average rating of “Moderate Buy” and a consensus target price of $5.85.

About Nokia Oyj

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.