Nokia Oyj (NYSE:NOK) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Nokia Oyj (NYSE:NOK) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,751 shares of the technology company’s stock after buying an additional 7,306 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nokia Oyj were worth $1,183,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Nokia Oyj in the first quarter worth about $35,000. GAMMA Investing LLC boosted its stake in Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after purchasing an additional 3,427 shares during the period. Perigon Wealth Management LLC purchased a new position in Nokia Oyj during the 1st quarter worth approximately $38,000. Simplicity Wealth LLC purchased a new stake in shares of Nokia Oyj in the second quarter valued at $39,000. Finally, ORG Partners LLC acquired a new stake in shares of Nokia Oyj in the first quarter worth $40,000. 5.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NOK. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Northland Securities reaffirmed an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.56.

Nokia Oyj Stock Down 0.5 %

Nokia Oyj stock opened at $4.78 on Friday. The company has a market capitalization of $26.37 billion, a P/E ratio of 29.84, a P/E/G ratio of 6.07 and a beta of 1.12. Nokia Oyj has a 1-year low of $2.94 and a 1-year high of $4.82. The firm’s fifty day simple moving average is $4.34 and its 200-day simple moving average is $3.96. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13.

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.