12,902 Shares in Nokia Oyj (NYSE:NOK) Purchased by HB Wealth Management LLC

HB Wealth Management LLC purchased a new position in Nokia Oyj (NYSE:NOK) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,902 shares of the technology company’s stock, valued at approximately $46,000.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Nokia Oyj by 4.3% in the 3rd quarter. FMR LLC now owns 2,181,834 shares of the technology company’s stock worth $8,160,000 after purchasing an additional 90,895 shares in the last quarter. Mariner LLC raised its stake in shares of Nokia Oyj by 2.8% during the third quarter. Mariner LLC now owns 170,073 shares of the technology company’s stock worth $636,000 after acquiring an additional 4,663 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Nokia Oyj by 33.5% in the 3rd quarter. Natixis Advisors L.P. now owns 366,143 shares of the technology company’s stock valued at $1,369,000 after purchasing an additional 91,896 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Nokia Oyj by 22.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock worth $76,000 after purchasing an additional 3,767 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in Nokia Oyj during the third quarter valued at about $67,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Trading Up 0.8 %

Shares of NOK traded up $0.03 during mid-day trading on Friday, hitting $3.88. 8,628,761 shares of the company’s stock traded hands, compared to its average volume of 14,166,345. The firm has a market capitalization of $21.43 billion, a P/E ratio of 24.06, a PEG ratio of 1.21 and a beta of 1.12. The business’s 50-day moving average price is $3.79 and its 200-day moving average price is $3.61. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.36. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, April 18th. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.19 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. As a group, sell-side analysts forecast that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NOK has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.42.

About Nokia Oyj

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.