Bank Julius Baer & Co. Ltd Zurich Takes $58,000 Position in Nokia Oyj (NYSE:NOK)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,915 shares of the technology company’s stock, valued at approximately $58,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOK. QRG Capital Management Inc. raised its stake in Nokia Oyj by 29.9% in the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock worth $3,060,000 after acquiring an additional 158,935 shares during the last quarter. FMR LLC raised its stake 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 worth $133,273,000 after acquiring an additional 27,755,460 shares during the last quarter. XTX Topco Ltd purchased a new position in Nokia Oyj in the 3rd quarter worth $1,417,000. Allspring Global Investments Holdings LLC raised its stake in Nokia Oyj by 14.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after acquiring an additional 6,395 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in Nokia Oyj by 261.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock worth $457,000 after acquiring an additional 74,552 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

NOK has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, Craig Hallum raised their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Trading Up 0.1 %

NOK opened at $5.15 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The company’s 50 day simple moving average is $4.76 and its two-hundred day simple moving average is $4.53. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.28. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal 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.