Stratos Wealth Partners LTD. Has $361,000 Stake in Nokia Oyj (NYSE:NOK)

Stratos Wealth Partners LTD. lowered its position in shares of Nokia Oyj (NYSE:NOK) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,417 shares of the technology company’s stock after selling 14,751 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Nokia Oyj were worth $361,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after purchasing an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in Nokia Oyj in the third quarter valued at $44,000. PEAK6 Investments LLC acquired a new position in shares of Nokia Oyj during the third quarter valued at about $45,000. Foundations Investment Advisors LLC bought a new position in shares of Nokia Oyj during the 4th quarter worth about $45,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Nokia Oyj in the 3rd quarter worth $47,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Trading Up 2.2 %

Shares of Nokia Oyj stock opened at $5.01 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The stock has a market capitalization of $27.32 billion, a P/E ratio of 20.04, a P/E/G ratio of 6.17 and a beta of 1.06. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.01. The stock’s 50-day simple moving average is $4.53 and its 200 day simple moving average is $4.38.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOK. Craig Hallum boosted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $4.35 to $6.35 in a research report on Monday, December 9th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.86.

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.