LPL Financial LLC Sells 39,769 Shares of Nokia Oyj (NYSE:NOK)

LPL Financial LLC reduced its position in shares of Nokia Oyj (NYSE:NOK) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 486,142 shares of the technology company’s stock after selling 39,769 shares during the quarter. LPL Financial LLC’s holdings in Nokia Oyj were worth $2,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Talos Asset Management LP acquired a new stake in Nokia Oyj during the 4th quarter valued at $9,147,000. Sei Investments Co. increased its holdings in Nokia Oyj by 79.5% in the 4th quarter. Sei Investments Co. now owns 4,437,084 shares of the technology company’s stock valued at $19,656,000 after buying an additional 1,965,187 shares during the period. Leuthold Group LLC acquired a new position in Nokia Oyj during the fourth quarter valued at approximately $3,404,000. JPMorgan Chase & Co. lifted its position in shares of Nokia Oyj by 2,505.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after buying an additional 702,279 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $2,961,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Trading Up 0.6 %

NYSE:NOK opened at $4.99 on Tuesday. Nokia Oyj has a one year low of $3.29 and a one year high of $5.48. The company has a market cap of $27.21 billion, a PE ratio of 19.96, a PEG ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The firm has a 50-day moving average of $5.05 and a 200-day moving average of $4.68.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, equities research analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

NOK has been the subject of a number of recent research reports. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a report on Thursday, January 16th. Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, Nokia Oyj has a consensus rating of “Moderate Buy” and an average price target of $5.85.

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.