1,806,000 Shares in Nokia Oyj (NYSE:NOK) Acquired by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd purchased a new stake in Nokia Oyj (NYSE:NOK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,806,000 shares of the technology company’s stock, valued at approximately $8,001,000. Nokia Oyj makes up approximately 2.3% of Hel Ved Capital Management Ltd’s holdings, making the stock its 10th largest position.

Other large investors have also modified their holdings of the company. QRG Capital Management Inc. lifted its holdings in shares of Nokia Oyj by 29.9% in the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock valued at $3,060,000 after purchasing an additional 158,935 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Nokia Oyj by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 394,867 shares of the technology company’s stock valued at $1,749,000 after purchasing an additional 48,509 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $2,116,000. XTX Topco Ltd purchased a new position in Nokia Oyj during the third quarter valued at approximately $1,417,000. Finally, Raymond James Financial Inc. acquired a new position in Nokia Oyj in the 4th quarter valued at approximately $2,961,000. 5.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Nokia Oyj Price Performance

Shares of Nokia Oyj stock opened at $4.77 on Friday. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.48. 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 fifty day simple moving average of $5.02 and a 200-day simple moving average of $4.65.

Nokia Oyj (NYSE:NOK) last posted 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 return on equity of 10.30% and a net margin of 6.54%. On average, sell-side analysts expect that Nokia Oyj will post 0.34 earnings per share for the current 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.