Nokia Oyj (NYSE:NOK) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC raised its holdings in Nokia Oyj (NYSE:NOK) by 23.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,087 shares of the technology company’s stock after acquiring an additional 8,287 shares during the period. Lake Street Advisors Group LLC’s holdings in Nokia Oyj were worth $195,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC raised its holdings in Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after acquiring an additional 8,261,407 shares during the last quarter. FMR LLC raised its holdings in Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after acquiring an additional 27,755,460 shares during the last quarter. TSP Capital Management Group LLC raised its holdings in Nokia Oyj by 3.2% in the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock valued at $10,069,000 after acquiring an additional 70,100 shares during the last quarter. Waterfront Wealth Inc. raised its holdings in Nokia Oyj by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company’s stock valued at $3,442,000 after acquiring an additional 12,034 shares during the last quarter. Finally, Leuthold Group LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at $3,404,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Down 0.5 %

Shares of Nokia Oyj stock opened at $4.81 on Friday. The company has a fifty day moving average price of $4.67 and a 200 day moving average price of $4.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.06. The stock has a market cap of $26.20 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 6.43 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on NOK shares. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Craig Hallum boosted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered 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 note on Friday, February 21st. Finally, The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.