Arkfeld Wealth Strategies L.L.C. Purchases 4,000 Shares of Nokia Oyj (NYSE:NOK)

Arkfeld Wealth Strategies L.L.C. boosted its position in shares of Nokia Oyj (NYSE:NOK) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,320 shares of the technology company’s stock after buying an additional 4,000 shares during the period. Arkfeld Wealth Strategies L.L.C.’s holdings in Nokia Oyj were worth $95,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maverick Capital Ltd. purchased a new stake in Nokia Oyj during the second quarter valued at approximately $1,240,000. FMR LLC raised its stake 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 acquiring an additional 27,755,460 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $1,417,000. QRG Capital Management Inc. raised its stake in shares of Nokia Oyj by 92.8% during the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after acquiring an additional 255,893 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Nokia Oyj by 1,101.8% during the 3rd quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock worth $786,000 after acquiring an additional 164,883 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Stock Performance

NOK opened at $4.51 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The firm has a fifty day moving average price of $4.41 and a 200 day moving average price of $4.30. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95. The stock has a market cap of $24.56 billion, a P/E ratio of 56.31, a P/E/G ratio of 5.72 and a beta of 1.06.

Analyst Ratings Changes

Several analysts have weighed in on NOK shares. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Craig Hallum upped their price objective 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 downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.86.

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.