Nokia Oyj (NYSE:NOK) Stock Holdings Increased by Freedom Investment Management Inc.

Freedom Investment Management Inc. boosted its holdings in Nokia Oyj (NYSE:NOK) by 188.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,308 shares of the technology company’s stock after buying an additional 131,573 shares during the quarter. Freedom Investment Management Inc.’s holdings in Nokia Oyj were worth $880,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NOK. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 3,427 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Nokia Oyj during the second quarter valued at about $39,000. Occidental Asset Management LLC purchased a new stake in Nokia Oyj during the second quarter valued at about $40,000. Arkadios Wealth Advisors purchased a new position in shares of Nokia Oyj in the second quarter worth approximately $40,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Nokia Oyj during the second quarter valued at approximately $42,000. Institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NOK. Northland Securities reiterated an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research report on Monday, October 21st. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.56.

Nokia Oyj Price Performance

Shares of NOK opened at $4.19 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. The firm has a market cap of $22.85 billion, a PE ratio of 52.38, a PEG ratio of 5.45 and a beta of 1.12. The firm’s 50 day moving average price is $4.47 and its 200 day moving average price is $4.12. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.95.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. As a group, research analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj Profile

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.