Raymond James Trust N.A. lessened its position in shares of Nokia Oyj (NYSE:NOK) by 67.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,785 shares of the technology company’s stock after selling 41,217 shares during the quarter. Raymond James Trust N.A.’s holdings in Nokia Oyj were worth $73,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NOK. Amundi Pioneer Asset Management Inc. purchased a new position in Nokia Oyj during the first quarter valued at $9,420,000. Private Advisor Group LLC lifted its holdings in Nokia Oyj by 107.0% during the second quarter. Private Advisor Group LLC now owns 176,000 shares of the technology company’s stock valued at $876,000 after purchasing an additional 90,961 shares in the last quarter. Assetmark Inc. lifted its holdings in Nokia Oyj by 116.2% during the second quarter. Assetmark Inc. now owns 25,619 shares of the technology company’s stock valued at $128,000 after purchasing an additional 13,770 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in Nokia Oyj during the second quarter valued at $2,389,000. Finally, Nomura Holdings Inc. lifted its holdings in Nokia Oyj by 57.2% during the second quarter. Nomura Holdings Inc. now owns 111,193 shares of the technology company’s stock valued at $559,000 after purchasing an additional 40,478 shares in the last quarter. Institutional investors own 6.98% of the company’s stock.
NYSE:NOK opened at $4.14 on Tuesday. The company’s 50-day moving average price is $3.73 and its 200-day moving average price is $4.48. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.33. The company has a market cap of $23.20 billion, a P/E ratio of -59.13 and a beta of 0.25. Nokia Oyj has a twelve month low of $3.33 and a twelve month high of $6.65.
Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The business had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Nokia Oyj had a positive return on equity of 7.64% and a negative net margin of 1.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. On average, analysts expect that Nokia Oyj will post 0.22 earnings per share for the current year.
Several research firms have issued reports on NOK. Raymond James raised shares of Nokia Oyj from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from $5.50 to $4.50 in a report on Monday, January 6th. MKM Partners decreased their price objective on shares of Nokia Oyj from $7.50 to $5.50 and set a “buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. downgraded shares of Nokia Oyj from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $7.50 to $4.20 in a report on Friday, October 25th. Barclays downgraded shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 price objective on the stock. in a report on Friday, October 25th. Finally, Zacks Investment Research downgraded shares of Nokia Oyj from a “hold” rating to a “sell” rating and set a $4.50 price objective on the stock. in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $4.85.
Nokia Oyj Company Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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