Nokia Oyj (NYSE:NOK) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its stake in shares of Nokia Oyj (NYSE:NOK) by 7.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 229,356 shares of the technology company’s stock after selling 17,475 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nokia Oyj were worth $784,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. BSW Wealth Partners acquired a new position in Nokia Oyj during the 4th quarter valued at about $75,000. Capital Management Associates Inc bought a new position in shares of Nokia Oyj during the 4th quarter valued at about $34,000. Prime Capital Investment Advisors LLC bought a new position in shares of Nokia Oyj during the 4th quarter valued at about $42,000. Sowell Financial Services LLC bought a new position in shares of Nokia Oyj during the 4th quarter valued at about $333,000. Finally, International Assets Investment Management LLC boosted its position in shares of Nokia Oyj by 240.2% during the 4th quarter. International Assets Investment Management LLC now owns 78,412 shares of the technology company’s stock valued at $268,000 after purchasing an additional 55,362 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Shares of NOK opened at $3.30 on Tuesday. Nokia Oyj has a one year low of $2.94 and a one year high of $4.87. The company has a 50-day moving average of $3.55 and a two-hundred day moving average of $3.48. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 0.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.41.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.66 billion. Nokia Oyj had a return on equity of 7.60% and a net margin of 2.99%. During the same quarter in the previous year, the business earned $0.16 earnings per share. On average, equities research analysts expect that Nokia Oyj will post 0.38 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on NOK. BNP Paribas began coverage on shares of Nokia Oyj in a research report on Friday, January 12th. They set a “neutral” rating for the company. Barclays lowered shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. Finally, The Goldman Sachs Group lowered shares of Nokia Oyj from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $5.10 to $3.40 in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.06.

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.