Capital Advisors Inc. OK Buys Shares of 13,616 Nokia Oyj (NYSE:NOK)

Capital Advisors Inc. OK bought a new stake in Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,616 shares of the technology company’s stock, valued at approximately $60,000.

Other large investors have also made changes to their positions in the company. Pzena Investment Management LLC raised its position in Nokia Oyj by 10.0% during 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 in the last quarter. FMR LLC raised its holdings in shares of Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after buying an additional 27,755,460 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 702,279 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Nokia Oyj by 92.8% in the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after buying an additional 255,893 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Nokia Oyj by 1.2% in the third quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock valued at $1,935,000 after acquiring an additional 5,190 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Trading Up 2.2 %

Shares of NYSE NOK opened at $5.01 on Thursday. The stock has a market cap of $27.32 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06. The firm has a 50 day moving average price of $4.53 and a two-hundred day moving average price of $4.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.01.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating 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, equities analysts forecast that Nokia Oyj will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NOK shares. 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. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $4.35 to $6.35 in a research note on Monday, December 9th. Craig Hallum increased their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, 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 research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.86.

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.