Mission Wealth Management LP Has $291,000 Stake in Nokia Oyj (NYSE:NOK)

Mission Wealth Management LP lifted its stake in Nokia Oyj (NYSE:NOKFree Report) by 16.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,148 shares of the technology company’s stock after purchasing an additional 11,434 shares during the period. Mission Wealth Management LP’s holdings in Nokia Oyj were worth $291,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NOK. Artisan Partners Limited Partnership increased its stake in shares of Nokia Oyj by 5.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock valued at $365,152,000 after buying an additional 5,087,927 shares during the period. Pzena Investment Management LLC boosted its holdings in Nokia Oyj by 22.3% in the fourth quarter. Pzena Investment Management LLC now owns 52,313,442 shares of the technology company’s stock valued at $178,912,000 after acquiring an additional 9,522,186 shares during the last quarter. Walleye Capital LLC acquired a new stake in Nokia Oyj in the third quarter worth about $12,591,000. TSP Capital Management Group LLC raised its holdings in Nokia Oyj by 89.2% during the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 1,027,600 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Nokia Oyj by 379.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock valued at $5,109,000 after purchasing an additional 1,182,184 shares during the period. Institutional investors own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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 research report on Tuesday, April 16th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.42.

Read Our Latest Stock Analysis on NOK

Nokia Oyj Stock Performance

Shares of NYSE:NOK opened at $3.90 on Friday. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.23 and a beta of 1.12. The firm’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $3.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.36.

Nokia Oyj (NYSE:NOKGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $5.19 billion. As a group, sell-side analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current year.

About Nokia Oyj

(Free Report)

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.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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