Nokia Oyj (NYSE:NOK) Shares Acquired by Fmr LLC

FMR LLC increased its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 1,012.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,497,275 shares of the technology company's stock after buying an additional 27,755,460 shares during the period. FMR LLC owned about 0.56% of Nokia Oyj worth $133,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company's stock worth $37,000 after buying an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in Nokia Oyj in the 3rd quarter valued at about $44,000. JGP Wealth Management LLC purchased a new position in Nokia Oyj in the 3rd quarter valued at about $45,000. Simplicity Wealth LLC purchased a new position in Nokia Oyj in the 2nd quarter valued at about $39,000. Finally, Arkadios Wealth Advisors purchased a new position in Nokia Oyj in the 2nd quarter valued at about $40,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Trading Down 1.4 %

NOK traded down $0.06 on Wednesday, reaching $4.17. 16,414,645 shares of the company's stock were exchanged, compared to its average volume of 15,998,434. The company's 50 day moving average is $4.46 and its 200-day moving average is $4.13. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 5.44 and a beta of 1.08. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $5.10 billion. Equities analysts predict that Nokia Oyj will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Danske upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Friday, October 18th. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 26th. Northland Securities reiterated an "outperform" rating and set a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. Craig Hallum upgraded shares of Nokia Oyj from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a "neutral" rating on the stock in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.56.

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.