Stock Traders Purchase High Volume of Call Options on Nokia Oyj (NYSE:NOK)

Nokia Oyj (NYSE:NOK) saw unusually large options trading activity on Thursday. Investors acquired 14,574 call options on the company. This represents an increase of 91% compared to the average daily volume of 7,650 call options.

Institutional Investors Weigh In On Nokia Oyj

A number of hedge funds have recently modified their holdings of NOK. Pzena Investment Management LLC grew its position in shares of Nokia Oyj by 29.0% during the 1st quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company’s stock valued at $238,912,000 after acquiring an additional 15,175,751 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Nokia Oyj by 5.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock worth $365,152,000 after buying an additional 5,087,927 shares during the period. BNP Paribas Financial Markets boosted its holdings in Nokia Oyj by 379.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock worth $5,109,000 after buying an additional 1,182,184 shares during the period. TSP Capital Management Group LLC boosted its holdings in Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after buying an additional 1,027,600 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Nokia Oyj by 98.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after buying an additional 867,297 shares during the period. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Shares of NOK stock traded down $0.24 during mid-day trading on Thursday, reaching $3.66. 20,833,867 shares of the company’s stock traded hands, compared to its average volume of 14,290,664. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.09. The firm has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $3.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The firm has a market capitalization of $20.21 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.22 and a beta of 1.12.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, April 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.19 billion. On average, research analysts forecast that Nokia Oyj will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

NOK has been the subject of a number of research reports. StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. decreased their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Nokia Oyj has an average rating of “Hold” and a consensus price target of $3.89.

Nokia Oyj 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.