American Century Companies Inc. raised its stake in Nokia Oyj (NYSE:NOK - Free Report) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,443,668 shares of the technology company's stock after acquiring an additional 375,919 shares during the quarter. American Century Companies Inc.'s holdings in Nokia Oyj were worth $6,395,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Talos Asset Management LP acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $9,147,000. Leuthold Group LLC acquired a new position in shares of Nokia Oyj in the fourth quarter worth about $3,404,000. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 702,279 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Nokia Oyj during the 4th quarter valued at about $2,961,000. Finally, Quantbot Technologies LP purchased a new position in shares of Nokia Oyj in the 4th quarter valued at about $2,116,000. Hedge funds and other institutional investors own 5.28% of the company's stock.
Analyst Ratings Changes
Several analysts have commented on the company. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. StockNews.com cut shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Craig Hallum lifted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Nokia Oyj presently has an average rating of "Moderate Buy" and a consensus target price of $5.85.
Read Our Latest Analysis on NOK
Nokia Oyj Price Performance
Shares of NOK traded up $0.28 during trading hours on Wednesday, hitting $4.93. 29,409,228 shares of the stock were exchanged, compared to its average volume of 17,539,762. The stock's 50-day moving average price is $5.04 and its two-hundred day moving average price is $4.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a market cap of $26.88 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.48.
Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Research analysts expect that Nokia Oyj will post 0.34 earnings per share for the current year.
About Nokia Oyj
(
Free Report)
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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