D.A. Davidson & CO. Makes New $46,000 Investment in Nokia Oyj (NYSE:NOK)

D.A. Davidson & CO. bought a new stake in shares of Nokia Oyj (NYSE:NOK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,355 shares of the technology company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NOK. Pzena Investment Management LLC raised its holdings in Nokia Oyj by 10.0% in the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after acquiring an additional 8,261,407 shares in the last quarter. FMR LLC increased its holdings in Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after buying an additional 27,755,460 shares during the last quarter. TSP Capital Management Group LLC raised its stake in Nokia Oyj by 3.2% during the fourth quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock valued at $10,069,000 after buying an additional 70,100 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Nokia Oyj by 2,505.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after buying an additional 702,279 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Nokia Oyj by 92.8% in the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after acquiring an additional 255,893 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NOK. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Craig Hallum lifted their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The company has a market cap of $26.31 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 6.43 and a beta of 1.06. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.06. The firm’s 50 day simple moving average is $4.66 and its 200-day simple moving average is $4.47.

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

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.