Wellington Management Group LLP Takes Position in Nokia Oyj (NYSE:NOK)

Wellington Management Group LLP purchased a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 524,031 shares of the technology company's stock, valued at approximately $2,321,000.

A number of other large investors also recently bought and sold shares of the stock. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj during the 4th quarter worth $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj during the fourth quarter worth about $46,000. Wedmont Private Capital purchased a new position in shares of Nokia Oyj in the 4th quarter worth about $47,000. Wealthstream Advisors Inc. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nokia Oyj during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 5.28% of the company's stock.

Nokia Oyj Stock Up 3.3 %

Shares of NYSE:NOK traded up $0.17 during trading on Tuesday, hitting $5.15. The company's stock had a trading volume of 24,510,516 shares, compared to its average volume of 17,638,786. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.48. The stock's 50-day moving average price is $5.05 and its two-hundred day moving average price is $4.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a market capitalization of $28.05 billion, a PE ratio of 20.58, a PEG ratio of 6.43 and a beta of 0.97.

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Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on NOK. The Goldman Sachs Group cut shares of 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. JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st. Craig Hallum raised 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. Finally, StockNews.com upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, Nokia Oyj currently has a consensus rating of "Moderate Buy" and a consensus price target 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.