Nokia Oyj (NYSE:NOK) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 270,751 shares of the technology company’s stock after buying an additional 7,306 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nokia Oyj were worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOK. Pzena Investment Management LLC grew its holdings in shares of Nokia Oyj by 29.0% during the first quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company’s stock valued at $238,912,000 after purchasing an additional 15,175,751 shares during the last quarter. TSP Capital Management Group LLC grew its stake in Nokia Oyj by 89.2% during the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after buying an additional 1,027,600 shares during the last quarter. Russell Investments Group Ltd. increased its position in Nokia Oyj by 98.3% in the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after buying an additional 867,297 shares during the period. Bank of Montreal Can bought a new stake in Nokia Oyj in the second quarter valued at $2,501,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Nokia Oyj during the second quarter valued at $1,240,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Stock Down 0.5 %

Shares of NOK stock opened at $4.78 on Friday. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82. The business’s fifty day moving average is $4.34 and its 200-day moving average is $3.96. The stock has a market cap of $26.37 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 6.07 and a beta of 1.12.

Wall Street Analyst Weigh In

NOK has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a report on Monday, October 21st. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Northland Securities reiterated an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of “Hold” and a consensus target price of $4.56.

About Nokia Oyj

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.