226,757 Shares in Nokia Oyj (NYSE:NOK) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 226,757 shares of the technology company's stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC grew its stake in shares of Nokia Oyj by 14.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock valued at $91,000 after purchasing an additional 2,509 shares during the last quarter. PDS Planning Inc boosted its position in Nokia Oyj by 10.4% in the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock valued at $125,000 after buying an additional 2,665 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Nokia Oyj by 4.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company's stock worth $293,000 after acquiring an additional 2,722 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Nokia Oyj by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock valued at $420,000 after acquiring an additional 3,398 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Nokia Oyj by 7.0% in the fourth quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock valued at $259,000 after acquiring an additional 3,808 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Analyst Upgrades and Downgrades

NOK has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. StockNews.com upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. Finally, Craig Hallum increased their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Stock Up 2.7 %

Shares of NOK stock traded up $0.13 during trading hours on Friday, hitting $4.99. 20,963,891 shares of the company were exchanged, compared to its average volume of 17,775,209. The company has a market capitalization of $27.21 billion, a PE ratio of 19.96, a PEG ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48. The business has a 50 day moving average of $5.09 and a two-hundred day moving average of $4.72. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.47 billion. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.