Nokia Oyj (NYSE:NOK) Shares Bought by First Affirmative Financial Network

First Affirmative Financial Network raised its position in Nokia Oyj (NYSE:NOK) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 31,351 shares of the technology company’s stock after acquiring an additional 2,932 shares during the period. First Affirmative Financial Network’s holdings in Nokia Oyj were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NOK. Banque Cantonale Vaudoise lifted its position in Nokia Oyj by 48.2% in the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after purchasing an additional 3,000 shares during the period. Capital Management Associates Inc purchased a new stake in shares of Nokia Oyj in the fourth quarter valued at approximately $34,000. Tieton Capital Management LLC acquired a new position in Nokia Oyj during the fourth quarter worth $34,000. Crestwood Advisors Group LLC purchased a new position in Nokia Oyj in the third quarter worth $37,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of Nokia Oyj during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.5 %

Shares of Nokia Oyj stock opened at $3.68 on Friday. The business has a 50 day moving average price of $3.74 and a 200 day moving average price of $3.58. The company has a market capitalization of $20.32 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.15 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.36.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, April 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.19 billion. Sell-side analysts anticipate that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on NOK. StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.42.

Nokia Oyj Company 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.