Nokia Oyj (NYSE:NOK) Shares Purchased by Five Oceans Advisors

Five Oceans Advisors grew its position in shares of Nokia Oyj (NYSE:NOK) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,582 shares of the technology company’s stock after purchasing an additional 3,853 shares during the period. Five Oceans Advisors’ holdings in Nokia Oyj were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NOK. FMR LLC grew its stake in shares of Nokia Oyj by 1,012.3% in the third 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 in the last quarter. Pzena Investment Management LLC boosted its holdings in Nokia Oyj by 10.0% in the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after purchasing an additional 8,261,407 shares during the period. JPMorgan Chase & Co. grew its stake in Nokia Oyj by 2,505.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after purchasing an additional 702,279 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Nokia Oyj during the third quarter worth approximately $1,419,000. Finally, XTX Topco Ltd acquired a new stake in shares of Nokia Oyj in the 3rd quarter valued at $1,417,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Price Performance

Shares of NYSE:NOK opened at $4.61 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $4.44 and a 200 day moving average price of $4.33. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $4.95. The company has a market cap of $25.11 billion, a P/E ratio of 57.58, a PEG ratio of 5.51 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. Research analysts predict that Nokia Oyj will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOK has been the topic of a number of research analyst reports. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum boosted 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. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. Northland Securities reissued an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $4.35 to $6.35 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

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.