Renaissance Technologies LLC bought a new position in Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 937,780 shares of the technology company's stock, valued at approximately $4,154,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOK. Bank of Montreal Can lifted its stake in shares of Nokia Oyj by 23.0% in the 4th quarter. Bank of Montreal Can now owns 802,651 shares of the technology company's stock valued at $3,556,000 after purchasing an additional 150,186 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in Nokia Oyj during the fourth quarter worth $264,000. FMR LLC increased its position in Nokia Oyj by 62.3% during the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock valued at $219,292,000 after acquiring an additional 19,004,399 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Nokia Oyj by 137.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,650,838 shares of the technology company's stock valued at $20,603,000 after acquiring an additional 2,691,546 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in shares of Nokia Oyj in the 4th quarter worth about $69,000. Hedge funds and other institutional investors own 5.28% of the company's stock.
Nokia Oyj Stock Up 2.6 %
NYSE:NOK traded up $0.13 during mid-day trading on Friday, reaching $4.99. The company's stock had a trading volume of 17,721,457 shares, compared to its average volume of 17,772,181. 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 firm has a market capitalization of $27.18 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. The stock has a fifty day moving average of $5.09 and a 200-day moving average of $4.72. Nokia Oyj has a 1 year low of $3.57 and a 1 year high of $5.48.
Nokia Oyj (NYSE:NOK - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.47 billion. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have issued reports on NOK shares. 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 note on Thursday, January 16th. Craig Hallum boosted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a report on Monday, January 6th. StockNews.com upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Nokia Oyj currently has an average rating of "Moderate Buy" and an average target price of $5.85.
Read Our Latest Stock Analysis on Nokia Oyj
Nokia Oyj Profile
(
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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