McIlrath & Eck LLC raised its position in Nokia Oyj (NYSE:NOK) by 5,900.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,000 shares of the technology company’s stock after purchasing an additional 5,900 shares during the period. McIlrath & Eck LLC’s holdings in Nokia Oyj were worth $30,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NOK. Truvestments Capital LLC increased its stake in Nokia Oyj by 1,375.2% in the 2nd quarter. Truvestments Capital LLC now owns 4,942 shares of the technology company’s stock valued at $25,000 after buying an additional 4,607 shares during the last quarter. Optimum Investment Advisors purchased a new stake in Nokia Oyj in the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc increased its stake in Nokia Oyj by 1,096.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 6,018 shares of the technology company’s stock valued at $30,000 after buying an additional 5,515 shares during the last quarter. Regal Wealth Group Inc. purchased a new stake in Nokia Oyj in the 2nd quarter valued at about $38,000. Finally, Asset Dedication LLC increased its stake in Nokia Oyj by 63.1% in the 3rd quarter. Asset Dedication LLC now owns 7,474 shares of the technology company’s stock valued at $38,000 after buying an additional 2,891 shares during the last quarter. Hedge funds and other institutional investors own 7.49% of the company’s stock.
Several equities research analysts have commented on NOK shares. DZ Bank lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating and set a $3.90 price objective for the company. in a research note on Friday, October 25th. Barclays downgraded shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 target price for the company. in a research report on Friday, October 25th. JPMorgan Chase & Co. downgraded shares of Nokia Oyj from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.50 to $4.20 in a research report on Friday, October 25th. Craig Hallum reissued a “buy” rating on shares of Nokia Oyj in a research report on Friday, August 30th. Finally, Credit Suisse Group downgraded shares of Nokia Oyj from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.20.
Shares of Nokia Oyj stock remained flat at $$3.57 on Friday. 20,813,784 shares of the stock were exchanged, compared to its average volume of 25,559,217. Nokia Oyj has a 1 year low of $3.50 and a 1 year high of $6.65. The business has a 50 day moving average of $4.60 and a 200 day moving average of $5.01. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 13.22 and a beta of 0.25. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.33.
Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 24th. The technology company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Nokia Oyj had a negative net margin of 1.57% and a positive return on equity of 7.64%. The company had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Nokia Oyj will post 0.22 EPS for the current year.
Nokia Oyj Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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