Raymond James Financial Inc. purchased a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 668,463 shares of the technology company's stock, valued at approximately $2,961,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOK. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nokia Oyj by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 394,867 shares of the technology company's stock worth $1,749,000 after buying an additional 48,509 shares in the last quarter. Mission Wealth Management LP raised its stake in Nokia Oyj by 12.5% in the 4th quarter. Mission Wealth Management LP now owns 88,474 shares of the technology company's stock worth $392,000 after purchasing an additional 9,800 shares in the last quarter. Sonoma Private Wealth LLC bought a new stake in Nokia Oyj in the 4th quarter valued at about $164,000. Jones Financial Companies Lllp increased its holdings in shares of Nokia Oyj by 129.0% during the fourth quarter. Jones Financial Companies Lllp now owns 19,438 shares of the technology company's stock worth $86,000 after purchasing an additional 10,949 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Nokia Oyj by 275.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 22,427 shares of the technology company's stock valued at $99,000 after buying an additional 16,452 shares in the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research report on Thursday, January 16th. Craig Hallum increased 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. StockNews.com downgraded Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. One 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.
Check Out Our Latest Research Report on NOK
Nokia Oyj Price Performance
Shares of NOK traded up $0.03 during midday trading on Wednesday, hitting $5.37. The company's stock had a trading volume of 14,183,609 shares, compared to its average volume of 17,243,688. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. Nokia Oyj has a one year low of $3.29 and a one year high of $5.48. The stock has a market capitalization of $29.28 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The company's fifty day simple moving average is $5.00 and its two-hundred day simple moving average is $4.64.
Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal 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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