Vest Financial LLC Has $136,000 Stock Position in Nokia Oyj (NYSE:NOK)

Vest Financial LLC boosted its position in Nokia Oyj (NYSE:NOK) by 43.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,756 shares of the technology company’s stock after acquiring an additional 9,260 shares during the quarter. Vest Financial LLC’s holdings in Nokia Oyj were worth $136,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Nokia Oyj by 67.0% during the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in Nokia Oyj in the 3rd quarter valued at $44,000. Foundations Investment Advisors LLC acquired a new position in Nokia Oyj during the fourth quarter worth $45,000. PEAK6 Investments LLC bought a new position in shares of Nokia Oyj in the third quarter valued at $45,000. Finally, Wedmont Private Capital acquired a new position in shares of Nokia Oyj during the fourth quarter valued at about $47,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NOK shares. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $4.35 to $6.35 in a report on Monday, December 9th. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, Nokia Oyj presently has an average rating of “Moderate Buy” and a consensus price target of $5.86.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock opened at $4.82 on Monday. The business’s fifty day simple moving average is $4.50 and its 200 day simple moving average is $4.36. 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 12 month low of $3.29 and a 12 month high of $4.95. The firm has a market capitalization of $26.25 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, analysts anticipate that Nokia Oyj will post 0.34 EPS for the current 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.