Nokia Corporation $NOK Shares Acquired by Ethic Inc.

Ethic Inc. lifted its holdings in shares of Nokia Corporation (NYSE:NOK) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 334,537 shares of the technology company’s stock after acquiring an additional 24,585 shares during the period. Ethic Inc.’s holdings in Nokia were worth $1,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in Nokia in the first quarter valued at approximately $45,207,000. Deutsche Bank AG lifted its position in shares of Nokia by 129.4% during the 1st quarter. Deutsche Bank AG now owns 8,572,860 shares of the technology company’s stock worth $45,179,000 after buying an additional 4,835,005 shares during the last quarter. Millennium Management LLC lifted its position in shares of Nokia by 6,539.2% during the 1st quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock worth $14,975,000 after buying an additional 2,798,758 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Nokia during the 2nd quarter worth approximately $14,260,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Nokia during the 1st quarter worth approximately $7,926,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Stock Performance

Shares of NOK opened at $6.30 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.46. The stock has a market capitalization of $33.87 billion, a P/E ratio of 34.97 and a beta of 0.85. The company’s fifty day moving average is $4.83 and its two-hundred day moving average is $4.91. Nokia Corporation has a 1 year low of $3.91 and a 1 year high of $6.34.

Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Nokia had a net margin of 4.65% and a return on equity of 8.31%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Nokia Corporation will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NOK. Wall Street Zen upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research report on Saturday. BNP Paribas upgraded shares of Nokia from a “hold” rating to an “outperform” rating and set a $5.00 price objective for the company in a research report on Wednesday, September 3rd. Raymond James Financial restated an “outperform” rating on shares of Nokia in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Nokia from $6.00 to $7.10 and gave the company an “overweight” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a report on Saturday. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nokia has an average rating of “Moderate Buy” and a consensus target price of $5.87.

Nokia Company 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.