Wealthstream Advisors Inc. Takes Position in Nokia Oyj (NYSE:NOK)

Wealthstream Advisors Inc. bought a new position in shares of Nokia Oyj (NYSE:NOK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,114 shares of the technology company’s stock, valued at approximately $49,000.

Several other hedge funds have also recently bought and sold shares of the business. Leuthold Group LLC acquired a new stake in shares of Nokia Oyj in the fourth quarter worth $3,404,000. Waterfront Wealth Inc. lifted its holdings in shares of Nokia Oyj by 1.6% during the 4th quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company’s stock valued at $3,442,000 after acquiring an additional 12,034 shares in the last quarter. Sunpointe LLC acquired a new position in shares of Nokia Oyj during the 4th quarter valued at $71,000. Atria Wealth Solutions Inc. lifted its holdings in shares of Nokia Oyj by 261.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock valued at $457,000 after acquiring an additional 74,552 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of Nokia Oyj during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NOK. Craig Hallum lifted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. 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 report on Thursday, January 16th. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.94 on Monday. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The firm has a market capitalization of $26.91 billion, a P/E ratio of 19.74, a P/E/G ratio of 6.43 and a beta of 1.06. The company’s fifty day moving average price is $4.63 and its two-hundred day moving average price is $4.45.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj 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.