Nokia Oyj Sees Unusually Large Options Volume (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was the recipient of unusually large options trading activity on Thursday. Traders acquired 12,419 call options on the stock. This is an increase of 19% compared to the average volume of 10,408 call options.

Institutional Investors Weigh In On Nokia Oyj

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can acquired a new position in Nokia Oyj during the second quarter worth approximately $2,501,000. AQR Capital Management LLC raised its holdings in shares of Nokia Oyj by 871.4% in the second quarter. AQR Capital Management LLC now owns 165,810 shares of the technology company’s stock valued at $627,000 after buying an additional 148,741 shares during the last quarter. Creative Planning boosted its stake in shares of Nokia Oyj by 11.3% during the second quarter. Creative Planning now owns 333,066 shares of the technology company’s stock worth $1,259,000 after buying an additional 33,745 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Nokia Oyj by 31.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 15,209 shares of the technology company’s stock valued at $57,000 after acquiring an additional 3,669 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of Nokia Oyj by 15.7% in the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,710 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Price Performance

NOK opened at $4.71 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The firm has a market cap of $25.65 billion, a price-to-earnings ratio of 58.81, a PEG ratio of 5.72 and a beta of 1.06. The stock’s 50-day moving average price is $4.42 and its 200 day moving average price is $4.32. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. As a group, sell-side analysts expect that Nokia Oyj will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on NOK shares. StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group downgraded shares of 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. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.35 to $6.35 in a research note on Monday, December 9th. Northland Securities reiterated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. Finally, Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nokia Oyj has a consensus rating of “Moderate Buy” and a consensus target price of $5.86.

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.