Sequoia Financial Advisors LLC Has $1.22 Million Position in Nokia Oyj (NYSE:NOK)

Sequoia Financial Advisors LLC grew its stake in Nokia Oyj (NYSE:NOK) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,889 shares of the technology company’s stock after buying an additional 5,138 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nokia Oyj were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC raised its holdings in Nokia Oyj by 14.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock worth $91,000 after purchasing an additional 2,509 shares during the last quarter. Caprock Group LLC raised its stake in Nokia Oyj by 5.5% during the third quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after buying an additional 3,023 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Nokia Oyj by 3.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company’s stock valued at $420,000 after buying an additional 3,398 shares during the period. Captrust Financial Advisors boosted its position in Nokia Oyj by 5.1% during the third quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock valued at $309,000 after acquiring an additional 3,453 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Nokia Oyj by 7.0% during the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company’s stock worth $259,000 after acquiring an additional 3,808 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective 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 increased their target price 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. Finally, The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.34 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $4.55. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.35. The firm has a market capitalization of $29.09 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts forecast that Nokia Oyj will post 0.34 EPS 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.