Nokia Oyj Target of Unusually High Options Trading (NYSE:NOK)

Nokia Oyj (NYSE:NOK - Get Free Report) was the target of unusually large options trading activity on Thursday. Investors purchased 30,735 call options on the stock. This is an increase of approximately 211% compared to the average daily volume of 9,878 call options.

Hedge Funds Weigh In On Nokia Oyj

A number of large investors have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new position in Nokia Oyj in the fourth quarter worth approximately $712,000. Forum Financial Management LP raised its stake in Nokia Oyj by 100.1% in the fourth quarter. Forum Financial Management LP now owns 191,570 shares of the technology company's stock worth $849,000 after buying an additional 95,825 shares in the last quarter. Formidable Asset Management LLC bought a new position in Nokia Oyj in the fourth quarter worth approximately $49,000. Woodline Partners LP raised its stake in Nokia Oyj by 125.4% in the fourth quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company's stock worth $53,162,000 after buying an additional 6,677,017 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Nokia Oyj by 106.3% in the fourth quarter. Two Sigma Advisers LP now owns 528,000 shares of the technology company's stock worth $2,339,000 after buying an additional 272,000 shares in the last quarter. Institutional investors own 5.28% of the company's stock.

Analyst Ratings Changes

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

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Nokia Oyj Trading Down 1.6 %

Shares of Nokia Oyj stock traded down $0.09 on Monday, hitting $5.15. 25,129,261 shares of the company traded hands, compared to its average volume of 21,909,219. The stock's 50 day moving average price is $4.75 and its 200-day moving average price is $4.52. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.28. The company has a market cap of $28.05 billion, a PE ratio of 20.58, a PEG ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Equities research analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

About Nokia Oyj

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.