Sei Investments Co. Buys 1,965,187 Shares of Nokia Oyj (NYSE:NOK)

Sei Investments Co. grew its stake in shares of Nokia Oyj (NYSE:NOK - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,437,084 shares of the technology company's stock after buying an additional 1,965,187 shares during the period. Sei Investments Co. owned approximately 0.08% of Nokia Oyj worth $19,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NOK. PEAK6 Investments LLC acquired a new position in Nokia Oyj during the third quarter valued at approximately $45,000. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $45,000. D.A. Davidson & CO. bought a new stake in shares of Nokia Oyj in the 4th quarter valued at $46,000. Wedmont Private Capital bought a new position in Nokia Oyj during the fourth quarter worth about $47,000. Finally, Wealthstream Advisors Inc. bought a new stake in shares of Nokia Oyj in the fourth quarter worth about $49,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Up 1.4 %

NYSE:NOK traded up $0.08 on Tuesday, hitting $5.35. 3,803,792 shares of the company's stock were exchanged, compared to its average volume of 17,142,541. The company has a market cap of $29.14 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The firm has a 50-day moving average price of $4.97 and a 200-day moving average price of $4.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Craig Hallum boosted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. StockNews.com lowered shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj 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.