XTX Topco Ltd Makes New $1.42 Million Investment in Nokia Oyj (NYSE:NOK)

XTX Topco Ltd bought a new stake in Nokia Oyj (NYSE:NOK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 324,356 shares of the technology company's stock, valued at approximately $1,417,000.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew 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 acquiring 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 approximately $44,000. JGP Wealth Management LLC acquired a new stake in shares of Nokia Oyj in the third quarter valued at approximately $45,000. Simplicity Wealth LLC purchased a new position in shares of Nokia Oyj during the 2nd quarter worth approximately $39,000. Finally, PEAK6 Investments LLC acquired a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Wall Street Analysts Forecast Growth

NOK has been the topic of a number of analyst reports. Northland Securities reiterated an "outperform" rating and set a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Danske raised Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $4.35 to $6.35 in a research note on Monday. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 26th. Finally, Craig Hallum raised shares of Nokia Oyj from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nokia Oyj currently has an average rating of "Moderate Buy" and an average price target of $5.06.

Nokia Oyj Trading Up 3.8 %

Nokia Oyj stock traded up $0.16 during trading on Monday, reaching $4.40. The company had a trading volume of 19,743,258 shares, compared to its average volume of 16,011,543. Nokia Oyj has a 12-month low of $3.11 and a 12-month high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The stock's 50 day moving average price is $4.45 and its two-hundred day moving average price is $4.15. The firm has a market capitalization of $23.99 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 5.49 and a beta of 1.08.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, hitting analysts' consensus estimates of $0.07. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $5.10 billion. As a group, equities analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.