Nokia Oyj (NYSE:NOK) Holdings Lowered by Clean Yield Group

Clean Yield Group lowered its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 483,281 shares of the technology company's stock after selling 399,562 shares during the period. Clean Yield Group's holdings in Nokia Oyj were worth $2,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Maverick Capital Ltd. acquired a new stake in shares of Nokia Oyj in the 2nd quarter valued at about $1,240,000. FMR LLC increased its holdings in Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock valued at $133,273,000 after buying an additional 27,755,460 shares during the last quarter. XTX Topco Ltd acquired a new stake in Nokia Oyj during the third quarter valued at approximately $1,417,000. QRG Capital Management Inc. lifted its holdings in Nokia Oyj by 92.8% during the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company's stock worth $2,324,000 after buying an additional 255,893 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Nokia Oyj by 1,101.8% in the 3rd quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company's stock worth $786,000 after acquiring an additional 164,883 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NOK. JPMorgan Chase & Co. raised Nokia Oyj from a "neutral" rating to an "overweight" rating and upped their price target for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. StockNews.com downgraded shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Danske raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Finally, Northland Securities reaffirmed an "outperform" rating and set a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of "Moderate Buy" and a consensus target price of $6.62.

Nokia Oyj Stock Performance

Shares of NOK stock traded down $0.04 during trading hours on Monday, reaching $4.48. The stock had a trading volume of 13,482,158 shares, compared to its average volume of 12,803,979. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The firm has a 50-day simple moving average of $4.41 and a 200-day simple moving average of $4.27. The firm has a market capitalization of $24.43 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 5.80 and a beta of 1.06. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $4.95.

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