International Assets Investment Management LLC Has $268,000 Stake in Nokia Oyj (NYSE:NOK)

International Assets Investment Management LLC lifted its position in shares of Nokia Oyj (NYSE:NOK) by 240.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,412 shares of the technology company’s stock after acquiring an additional 55,362 shares during the quarter. International Assets Investment Management LLC’s holdings in Nokia Oyj were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NOK. Pzena Investment Management LLC boosted its holdings in shares of Nokia Oyj by 13,524.2% during the 3rd quarter. Pzena Investment Management LLC now owns 42,791,256 shares of the technology company’s stock valued at $160,039,000 after acquiring an additional 42,477,173 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Nokia Oyj by 10.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 101,681,755 shares of the technology company’s stock worth $380,290,000 after buying an additional 9,908,461 shares during the period. Walleye Capital LLC acquired a new position in Nokia Oyj during the 3rd quarter worth about $12,591,000. Deutsche Bank AG lifted its holdings in Nokia Oyj by 30.4% during the 3rd quarter. Deutsche Bank AG now owns 1,221,580 shares of the technology company’s stock worth $4,569,000 after buying an additional 285,076 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in Nokia Oyj during the 3rd quarter worth about $768,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Shares of NOK opened at $3.65 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The stock has a 50 day moving average price of $3.55 and a two-hundred day moving average price of $3.47. The firm has a market capitalization of $20.56 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.14 and a beta of 1.09. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.36.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. During the same period in the prior year, the firm posted $0.16 earnings per share. Equities analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Barclays lowered Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, BNP Paribas assumed coverage on Nokia Oyj in a research report on Friday, January 12th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.42.

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.