Mission Wealth Management LP Purchases 9,800 Shares of Nokia Oyj (NYSE:NOK)

Mission Wealth Management LP increased its position in Nokia Oyj (NYSE:NOK) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 88,474 shares of the technology company’s stock after buying an additional 9,800 shares during the quarter. Mission Wealth Management LP’s holdings in Nokia Oyj were worth $392,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC increased its stake in Nokia Oyj by 10.0% in the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock worth $396,735,000 after purchasing an additional 8,261,407 shares during the period. FMR LLC increased its stake in Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares during the period. TSP Capital Management Group LLC increased its stake in Nokia Oyj by 3.2% in the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock worth $10,069,000 after purchasing an additional 70,100 shares during the period. Waterfront Wealth Inc. increased its stake in Nokia Oyj by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company’s stock worth $3,442,000 after purchasing an additional 12,034 shares during the period. Finally, Leuthold Group LLC purchased a new position in Nokia Oyj in the 4th quarter worth approximately $3,404,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock opened at $5.18 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $28.22 billion, a P/E ratio of 20.70, a P/E/G ratio of 6.43 and a beta of 1.11. The business has a fifty day simple moving average of $4.70 and a two-hundred day simple moving average of $4.50. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.18.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS 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%. On average, equities analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on NOK. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Craig Hallum lifted their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nokia Oyj has a consensus rating of “Moderate Buy” and an average target price of $5.85.

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.