Nokia Oyj (NYSE:NOK) Shares Purchased by MQS Management LLC

MQS Management LLC increased its stake in shares of Nokia Oyj (NYSE:NOK) by 66.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,842 shares of the technology company’s stock after acquiring an additional 16,334 shares during the quarter. MQS Management LLC’s holdings in Nokia Oyj were worth $178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truist Financial Corp raised its stake in Nokia Oyj by 15.7% during the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after acquiring an additional 2,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Nokia Oyj by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after purchasing an additional 2,776 shares during the period. V Square Quantitative Management LLC increased its stake in Nokia Oyj by 3.9% in the second quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock valued at $328,000 after purchasing an additional 3,097 shares during the period. Bleakley Financial Group LLC increased its stake in Nokia Oyj by 30.8% in the third quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock valued at $59,000 after purchasing an additional 3,199 shares during the period. Finally, Profund Advisors LLC increased its stake in Nokia Oyj by 3.0% in the second quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock valued at $438,000 after purchasing an additional 3,349 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NOK has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Craig Hallum upgraded shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Northland Securities restated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.56.

Nokia Oyj Stock Down 0.8 %

NOK stock opened at $4.46 on Friday. The company has a market cap of $24.29 billion, a P/E ratio of 56.13, a P/E/G ratio of 5.77 and a beta of 1.12. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. The company’s 50-day moving average price is $4.46 and its 200 day moving average price is $4.09. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. On average, research analysts expect 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.