Sequoia Financial Advisors LLC Acquires 5,138 Shares of Nokia Oyj (NYSE:NOK)

Sequoia Financial Advisors LLC boosted its holdings in Nokia Oyj (NYSE:NOK) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,889 shares of the technology company’s stock after purchasing an additional 5,138 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nokia Oyj were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOK. QRG Capital Management Inc. raised its holdings in Nokia Oyj by 29.9% during the fourth 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 in the last quarter. FMR LLC boosted its holdings in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after buying an additional 27,755,460 shares during the last quarter. XTX Topco Ltd acquired a new position in Nokia Oyj during the third quarter worth $1,417,000. Allspring Global Investments Holdings LLC grew its position in shares of 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 valued at $226,000 after acquiring an additional 6,395 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in Nokia Oyj by 261.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock valued at $457,000 after buying an additional 74,552 shares during the period. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Price Performance

Shares of NYSE:NOK opened at $5.34 on Friday. The firm has a 50 day simple moving average of $4.81 and a 200 day simple moving average of $4.55. The company has a market cap of $29.09 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 6.43 and a beta of 1.11. Nokia Oyj has a one year low of $3.29 and a one year high of $5.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. Craig Hallum upped their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective 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, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, Nokia Oyj currently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

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.