Wealthstream Advisors Inc. Takes $49,000 Position in Nokia Oyj (NYSE:NOK)

Wealthstream Advisors Inc. bought a new stake in Nokia Oyj (NYSE:NOK) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,114 shares of the technology company’s stock, valued at approximately $49,000.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,776 shares during the last quarter. Caprock Group LLC grew its position in Nokia Oyj by 5.5% in the 3rd quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after purchasing an additional 3,023 shares during the last quarter. Captrust Financial Advisors grew its position in Nokia Oyj by 5.1% in the 3rd quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock worth $309,000 after purchasing an additional 3,453 shares during the last quarter. Ballentine Partners LLC grew its position in Nokia Oyj by 7.0% in the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company’s stock worth $259,000 after purchasing an additional 3,808 shares during the last quarter. Finally, Five Oceans Advisors grew its position in Nokia Oyj by 11.1% in the 4th quarter. Five Oceans Advisors now owns 38,582 shares of the technology company’s stock worth $171,000 after purchasing an additional 3,853 shares during the last quarter. Institutional investors own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOK shares. The Goldman Sachs Group cut 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. Craig Hallum upped their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. 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, JPMorgan Chase & Co. reduced 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 note on Friday. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj Stock Down 1.1 %

NOK stock opened at $4.94 on Monday. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.06. The firm has a market cap of $26.91 billion, a PE ratio of 19.74, a P/E/G ratio of 6.43 and a beta of 1.06. The firm has a 50 day simple moving average of $4.63 and a 200 day simple moving average of $4.45. 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 (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS 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%. Equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

About Nokia Oyj

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.