Charles Schwab Investment Management Inc. Has $1.75 Million Stock Holdings in Nokia Oyj (NYSE:NOK)

Charles Schwab Investment Management Inc. boosted its position in shares of Nokia Oyj (NYSE:NOK - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 394,867 shares of the technology company's stock after purchasing an additional 48,509 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Nokia Oyj were worth $1,749,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC lifted its position in shares of Nokia Oyj by 14.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock worth $91,000 after purchasing an additional 2,509 shares in the last quarter. Captrust Financial Advisors lifted its position in Nokia Oyj by 5.1% in the 3rd quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company's stock worth $309,000 after buying an additional 3,453 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Nokia Oyj by 7.0% during the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock valued at $259,000 after buying an additional 3,808 shares during the period. Five Oceans Advisors grew its holdings in shares of Nokia Oyj by 11.1% during the 4th quarter. Five Oceans Advisors now owns 38,582 shares of the technology company's stock valued at $171,000 after acquiring an additional 3,853 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of Nokia Oyj by 23.1% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 21,320 shares of the technology company's stock worth $95,000 after acquiring an additional 4,000 shares in the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on NOK shares. JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Craig Hallum boosted their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. Finally, StockNews.com downgraded shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Stock Up 0.6 %

Shares of NYSE NOK traded up $0.03 during mid-day trading on Wednesday, reaching $5.37. 14,183,609 shares of the company traded hands, compared to its average volume of 17,243,688. The company's fifty day moving average is $5.00 and its two-hundred day moving average is $4.64. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.48. 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 stock has a market cap of $29.28 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 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%. On average, analysts expect that Nokia Oyj will post 0.34 earnings per share for the current 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.