Investors Asset Management of Georgia Inc. GA ADV Boosts Holdings in Nokia Oyj (NYSE:NOK)

Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Nokia Oyj (NYSE:NOK) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,499 shares of the technology company’s stock after buying an additional 6,225 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Nokia Oyj were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Nokia Oyj during the 1st quarter valued at about $35,000. HB Wealth Management LLC purchased a new position in Nokia Oyj during the 1st quarter valued at approximately $46,000. Sequoia Financial Advisors LLC increased its stake in Nokia Oyj by 5.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 242,658 shares of the technology company’s stock worth $859,000 after acquiring an additional 13,302 shares during the last quarter. Mission Wealth Management LP raised its holdings in shares of Nokia Oyj by 16.2% during the 1st quarter. Mission Wealth Management LP now owns 82,148 shares of the technology company’s stock worth $291,000 after acquiring an additional 11,434 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Nokia Oyj during the 1st quarter valued at approximately $247,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.4 %

Shares of NOK traded up $0.02 during mid-day trading on Friday, reaching $4.73. 11,303,696 shares of the company’s stock traded hands, compared to its average volume of 15,806,252. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.57. The stock’s 50-day moving average is $4.42 and its two-hundred day moving average is $4.02. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.95. The stock has a market cap of $26.01 billion, a P/E ratio of 59.13, a P/E/G ratio of 6.22 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NOK. Northland Securities restated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a report on Monday, October 21st. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.56.

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.