Freedom Investment Management Inc. Sells 9,338 Shares of Nokia Oyj (NYSE:NOK)

Freedom Investment Management Inc. decreased its stake in shares of Nokia Oyj (NYSE:NOK) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,970 shares of the technology company’s stock after selling 9,338 shares during the quarter. Freedom Investment Management Inc.’s holdings in Nokia Oyj were worth $850,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC bought a new stake in Nokia Oyj in the 4th quarter worth about $45,000. D.A. Davidson & CO. bought a new position in shares of Nokia Oyj in the 4th quarter worth approximately $46,000. Wedmont Private Capital purchased a new position in shares of Nokia Oyj during the 4th quarter worth $47,000. Wealthstream Advisors Inc. bought a new stake in Nokia Oyj during the fourth quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nokia Oyj in the fourth quarter worth about $58,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.9 %

NOK opened at $5.13 on Friday. The stock’s 50 day moving average price is $5.07 and its 200-day moving average price is $4.70. Nokia Oyj has a one year low of $3.56 and a one year high of $5.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The stock has a market cap of $27.94 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 6.43 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NOK shares. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Craig Hallum upped their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday, February 21st. 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 on the stock. in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.85.

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.