DRW Securities LLC Makes New Investment in Nokia Oyj (NYSE:NOK)

DRW Securities LLC purchased a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 142,100 shares of the technology company's stock, valued at approximately $630,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its holdings in shares of Nokia Oyj by 14.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock worth $91,000 after buying an additional 2,509 shares during the last quarter. PDS Planning Inc boosted its position in shares of Nokia Oyj by 10.4% during the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock valued at $125,000 after acquiring an additional 2,665 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Nokia Oyj by 4.3% during the 4th 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. raised its position in 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 purchasing an additional 3,398 shares in the last quarter. Finally, 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 during the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

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Analysts Set New Price Targets

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

Nokia Oyj Stock Performance

NYSE NOK traded up $0.14 during mid-day trading on Tuesday, reaching $5.12. 10,291,131 shares of the stock were exchanged, compared to its average volume of 17,586,241. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.48. The business's 50 day moving average is $5.05 and its 200-day moving average is $4.68. The company has a market capitalization of $27.92 billion, a P/E ratio of 20.48, a P/E/G ratio of 6.43 and a beta of 0.97.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced 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 return on equity of 10.30% and a net margin of 6.54%. On average, equities research analysts forecast that Nokia Oyj will post 0.34 EPS 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.