Jones Financial Companies Lllp Has $86,000 Holdings in Nokia Oyj (NYSE:NOK)

Jones Financial Companies Lllp boosted its holdings in shares of Nokia Oyj (NYSE:NOK) by 129.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,438 shares of the technology company’s stock after acquiring an additional 10,949 shares during the quarter. Jones Financial Companies Lllp’s holdings in Nokia Oyj were worth $86,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NOK. FMR LLC boosted its position in Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after acquiring an additional 27,755,460 shares during the period. Pzena Investment Management LLC boosted its position in Nokia Oyj by 10.0% during the 3rd quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock worth $396,735,000 after acquiring an additional 8,261,407 shares during the period. Leuthold Group LLC acquired a new stake in Nokia Oyj during the 4th quarter worth about $3,404,000. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 702,279 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Nokia Oyj during the 3rd quarter worth about $1,417,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Up 2.6 %

Shares of NOK stock opened at $5.34 on Monday. The stock’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $5.35. The company has a market capitalization of $29.09 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Nokia Oyj will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NOK. JPMorgan Chase & Co. cut their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. Craig Hallum raised their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. One equities 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, Nokia Oyj has a consensus rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Company 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.