Proficio Capital Partners LLC lessened its position in Nokia Oyj (NYSE:NOK - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,200 shares of the technology company's stock after selling 105,750 shares during the period. Proficio Capital Partners LLC's holdings in Nokia Oyj were worth $364,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Checchi Capital Advisers LLC raised its holdings in Nokia Oyj by 14.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock valued at $91,000 after acquiring an additional 2,509 shares during the last quarter. Captrust Financial Advisors increased its stake in Nokia Oyj by 5.1% in the third quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company's stock valued at $309,000 after purchasing an additional 3,453 shares during the last quarter. Ballentine Partners LLC lifted its position in Nokia Oyj by 7.0% during the fourth quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock worth $259,000 after buying an additional 3,808 shares during the period. Five Oceans Advisors boosted its stake in Nokia Oyj by 11.1% in the 4th quarter. Five Oceans Advisors now owns 38,582 shares of the technology company's stock worth $171,000 after buying an additional 3,853 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in Nokia Oyj by 23.1% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 21,320 shares of the technology company's stock valued at $95,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 5.28% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on NOK. The Goldman Sachs Group cut shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research 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. Craig Hallum upped their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.85.
View Our Latest Analysis on NOK
Nokia Oyj Trading Up 0.3 %
Shares of Nokia Oyj stock traded up $0.02 during trading hours on Friday, hitting $5.22. The company's stock had a trading volume of 22,353,100 shares, compared to its average volume of 17,152,544. The business has a fifty day moving average of $4.96 and a 200 day moving average of $4.62. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.48. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.44 billion, a PE ratio of 20.86, a P/E/G ratio of 6.43 and a beta of 1.11.
Nokia Oyj (NYSE:NOK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating 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, equities analysts forecast that Nokia Oyj will post 0.34 EPS for the current year.
About Nokia Oyj
(
Free Report)
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.
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