Park Avenue Securities LLC increased its position in shares of Nokia Oyj (NYSE:NOK – Free Report) by 71.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,756 shares of the technology company’s stock after buying an additional 17,006 shares during the quarter. Park Avenue Securities LLC’s holdings in Nokia Oyj were worth $181,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after buying an additional 3,427 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Nokia Oyj in the third quarter valued at about $44,000. JGP Wealth Management LLC bought a new stake in Nokia Oyj during the third quarter worth about $45,000. PEAK6 Investments LLC bought a new position in Nokia Oyj in the third quarter valued at approximately $45,000. Finally, Wedmont Private Capital acquired a new position in shares of Nokia Oyj during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 5.28% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NOK. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday. Northland Securities reissued an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and upped their target price for the company from $4.35 to $6.35 in a report on Monday, December 9th. 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 research report on Thursday, January 16th. Finally, Craig Hallum raised their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.86.
Nokia Oyj Stock Down 3.9 %
Nokia Oyj stock opened at $4.51 on Monday. The company’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $4.31. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The stock has a market cap of $24.56 billion, a P/E ratio of 56.31, a P/E/G ratio of 5.72 and a beta of 1.06. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $4.95.
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.
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