Talos Asset Management LP Takes $9.15 Million Position in Nokia Oyj (NYSE:NOK)

Talos Asset Management LP acquired a new position in Nokia Oyj (NYSE:NOK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,064,700 shares of the technology company's stock, valued at approximately $9,147,000. Nokia Oyj makes up approximately 2.2% of Talos Asset Management LP's holdings, making the stock its 18th biggest holding.

A number of other large investors also recently modified their holdings of NOK. QRG Capital Management Inc. boosted its position in shares of Nokia Oyj by 29.9% during the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company's stock valued at $3,060,000 after purchasing an additional 158,935 shares in the last quarter. FMR LLC lifted its position in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Nokia Oyj during the 3rd quarter valued at $1,417,000. Allspring Global Investments Holdings LLC grew its stake in 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 valued at $226,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Nokia Oyj in the fourth quarter worth approximately $517,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Stock Performance

NYSE:NOK traded up $0.03 during trading hours on Monday, hitting $5.34. 13,386,615 shares of the company traded hands, compared to its average volume of 17,001,056. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $29.09 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 6.43 and a beta of 1.11. The firm has a 50-day moving average of $4.88 and a 200 day moving average of $4.59. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.48.

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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 for the quarter, beating 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%. On average, analysts forecast that Nokia Oyj will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

NOK has been the topic of several analyst reports. Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective 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. 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 shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Company 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.