Hel Ved Capital Management Ltd Buys New Shares in Nokia Oyj (NYSE:NOK)

Hel Ved Capital Management Ltd acquired a new position in Nokia Oyj (NYSE:NOK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,806,000 shares of the technology company's stock, valued at approximately $8,001,000. Nokia Oyj accounts for approximately 2.3% of Hel Ved Capital Management Ltd's investment portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in NOK. Foundations Investment Advisors LLC bought a new stake in shares of Nokia Oyj in the 4th quarter worth approximately $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj during the 4th quarter worth about $46,000. PEAK6 Investments LLC acquired a new position in shares of Nokia Oyj in the third quarter worth about $45,000. Wedmont Private Capital purchased a new position in shares of Nokia Oyj in the fourth quarter worth approximately $47,000. Finally, Wealthstream Advisors Inc. purchased a new stake in shares of Nokia Oyj in the 4th quarter valued at approximately $49,000. Institutional investors own 5.28% of the company's stock.

Nokia Oyj Trading Down 3.1 %

NOK stock traded down $0.16 during midday trading on Thursday, reaching $4.78. The company's stock had a trading volume of 13,233,755 shares, compared to its average volume of 21,467,174. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock has a market cap of $26.04 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. The business's 50-day simple moving average is $5.04 and its 200-day simple moving average is $4.67.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

NOK has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. StockNews.com lowered shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group downgraded shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. Finally, Craig Hallum lifted 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Nokia Oyj currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

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.