Greenleaf Trust purchased a new stake in Nokia Oyj (NYSE:NOK – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,080 shares of the technology company’s stock, valued at approximately $38,000.
A number of other institutional investors and hedge funds have also made changes to their positions in NOK. Axxcess Wealth Management LLC acquired a new position in shares of Nokia Oyj in the third quarter valued at approximately $67,000. Sowell Financial Services LLC acquired a new position in shares of Nokia Oyj in the fourth quarter valued at approximately $333,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Nokia Oyj by 22.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock valued at $76,000 after purchasing an additional 3,767 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Nokia Oyj in the third quarter valued at approximately $768,000. Finally, Walleye Capital LLC acquired a new position in shares of Nokia Oyj in the third quarter valued at approximately $12,591,000. 5.28% of the stock is owned by hedge funds and other institutional investors.
Nokia Oyj Price Performance
Shares of Nokia Oyj stock opened at $3.65 on Friday. The company has a market cap of $20.53 billion, a P/E ratio of 22.78, a PEG ratio of 1.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The firm has a fifty day moving average of $3.54 and a two-hundred day moving average of $3.47.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on NOK shares. BNP Paribas began coverage on shares of Nokia Oyj in a report on Friday, January 12th. They issued a “neutral” rating for the company. Barclays cut shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.42.
Check Out Our Latest Analysis on Nokia Oyj
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.
Read More
- Five stocks we like better than Nokia Oyj
- EV Stocks and How to Profit from Them
- Hasbro’s Management Made All the Right Calls This Quarter
- Want to Profit on the Downtrend? Downtrends, Explained.
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- How to Invest in Small Cap Stocks
- Power Surge: Utilities Sector’s Resilience Shines
Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj (NYSE:NOK – Free Report).
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.