Cerity Partners LLC Boosts Stock Holdings in Nokia Oyj (NYSE:NOK)

Cerity Partners LLC lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 104.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,582 shares of the technology company’s stock after buying an additional 19,231 shares during the quarter. Cerity Partners LLC’s holdings in Nokia Oyj were worth $129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC lifted its position in shares of Nokia Oyj by 7.9% during the third quarter. AE Wealth Management LLC now owns 48,136 shares of the technology company’s stock worth $180,000 after acquiring an additional 3,530 shares in the last quarter. SVB Wealth LLC purchased a new position in Nokia Oyj during the 3rd quarter valued at about $46,000. Mission Wealth Management LP lifted its holdings in shares of Nokia Oyj by 9.4% in the third quarter. Mission Wealth Management LP now owns 61,003 shares of the technology company’s stock worth $228,000 after buying an additional 5,217 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Nokia Oyj by 8.9% in the third quarter. Stratos Wealth Partners LTD. now owns 123,827 shares of the technology company’s stock valued at $463,000 after acquiring an additional 10,108 shares during the period. Finally, Advisor Partners II LLC grew its stake in Nokia Oyj by 57.6% during the third quarter. Advisor Partners II LLC now owns 46,640 shares of the technology company’s stock valued at $174,000 after acquiring an additional 17,037 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday, April 16th. BNP Paribas started coverage on Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating for the company. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, Barclays downgraded Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and an average price target of $4.42.

Nokia Oyj Stock Performance

Shares of NYSE NOK opened at $3.65 on Wednesday. The stock’s 50-day moving average is $3.55 and its 200 day moving average is $3.47. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 1.14 and a beta of 1.09. Nokia Oyj has a 1-year low of $2.94 and a 1-year high of $4.36. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15.

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.