JPMorgan Chase & Co. Purchases 59,818 Shares of Nokia Oyj (NYSE:NOK)

JPMorgan Chase & Co. increased its holdings in shares of Nokia Oyj (NYSE:NOK - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790,129 shares of the technology company's stock after purchasing an additional 59,818 shares during the quarter. JPMorgan Chase & Co.'s holdings in Nokia Oyj were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Talos Asset Management LP purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at about $9,147,000. Sei Investments Co. grew its position in Nokia Oyj by 79.5% in the 4th quarter. Sei Investments Co. now owns 4,437,084 shares of the technology company's stock worth $19,656,000 after purchasing an additional 1,965,187 shares during the period. Leuthold Group LLC purchased a new stake in Nokia Oyj during the 4th quarter valued at $3,404,000. Raymond James Financial Inc. bought a new position in shares of Nokia Oyj during the 4th quarter valued at $2,961,000. Finally, Quantbot Technologies LP purchased a new position in shares of Nokia Oyj in the 4th quarter worth $2,116,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NOK shares. StockNews.com upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased 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 report on Friday, February 21st. 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 report on Thursday, January 16th. Finally, Craig Hallum lifted their target price on 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 and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $5.85.

Nokia Oyj Price Performance

Shares of NOK stock traded up $0.12 on Friday, hitting $4.98. 16,610,180 shares of the stock traded hands, compared to its average volume of 17,760,414. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $5.09 and a two-hundred day simple moving average of $4.72. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The business had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.47 billion. As a group, equities research analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal 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.