GAMMA Investing LLC Boosts Stake in Nokia Oyj (NYSE:NOK)

GAMMA Investing LLC raised its holdings in shares of Nokia Oyj (NYSE:NOK) by 57.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,449 shares of the technology company’s stock after purchasing an additional 4,909 shares during the quarter. GAMMA Investing LLC’s holdings in Nokia Oyj were worth $60,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after acquiring an additional 702,279 shares during the period. Franklin Resources Inc. lifted its stake in shares of Nokia Oyj by 1.2% during the third quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock worth $1,935,000 after buying an additional 5,190 shares during the period. Tidal Investments LLC grew its stake in Nokia Oyj by 15.3% during the 3rd quarter. Tidal Investments LLC now owns 52,596 shares of the technology company’s stock valued at $230,000 after purchasing an additional 6,965 shares during the last quarter. M&T Bank Corp boosted its position in Nokia Oyj by 10.6% in the third quarter. M&T Bank Corp now owns 67,275 shares of the technology company’s stock valued at $294,000 after buying an additional 6,463 shares during the last quarter. Finally, Executive Wealth Management LLC acquired a new position in Nokia Oyj during the third quarter valued at $149,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Down 3.2 %

NYSE NOK opened at $4.51 on Monday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $4.95. The firm has a market cap of $24.59 billion, a PE ratio of 56.38, a P/E/G ratio of 5.80 and a beta of 1.06. The business’s fifty day simple moving average is $4.42 and its 200-day simple moving average is $4.26. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. The business had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $5.10 billion. As a group, equities analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NOK shares. Craig Hallum lifted their target price 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. Northland Securities reaffirmed an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research note on Friday, October 18th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $4.35 to $6.35 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.62.

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.