Nokia Oyj (NYSE:NOK) Shares Sold by Proficio Capital Partners LLC

Proficio Capital Partners LLC decreased its stake in shares of Nokia Oyj (NYSE:NOK - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,200 shares of the technology company's stock after selling 105,750 shares during the quarter. Proficio Capital Partners LLC's holdings in Nokia Oyj were worth $364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock valued at $133,273,000 after acquiring an additional 27,755,460 shares during the period. XTX Topco Ltd acquired a new position in shares of Nokia Oyj in the third quarter valued at about $1,417,000. Allspring Global Investments Holdings LLC raised its stake in shares of Nokia Oyj by 14.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company's stock worth $226,000 after purchasing an additional 6,395 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Nokia Oyj by 261.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company's stock worth $457,000 after purchasing an additional 74,552 shares during the period. Finally, Choreo LLC increased its holdings in Nokia Oyj by 19.0% in the 4th quarter. Choreo LLC now owns 86,746 shares of the technology company's stock worth $384,000 after buying an additional 13,849 shares during the period. Hedge funds and other institutional investors own 5.28% of the company's stock.

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Nokia Oyj Price Performance

Shares of Nokia Oyj stock traded up $0.01 on Tuesday, hitting $5.15. The company's stock had a trading volume of 28,336,876 shares, compared to its average volume of 22,049,146. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The firm has a fifty day moving average price of $4.75 and a 200-day moving average price of $4.52.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NOK has been the topic of several recent research reports. The Goldman Sachs Group downgraded shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on 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, Craig Hallum raised their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.85.

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.