Avantax Advisory Services Inc. Increases Holdings in Nokia Oyj (NYSE:NOK)

Avantax Advisory Services Inc. grew its stake in shares of Nokia Oyj (NYSE:NOK) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,158 shares of the technology company’s stock after purchasing an additional 5,946 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Nokia Oyj were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC lifted 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 in the last quarter. Leuthold Group LLC acquired a new position in shares of Nokia Oyj during the fourth quarter worth $3,404,000. JPMorgan Chase & Co. boosted its stake in shares of Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after purchasing an additional 702,279 shares during the period. Raymond James Financial Inc. acquired a new stake in Nokia Oyj during the 4th quarter valued at $2,961,000. Finally, XTX Topco Ltd purchased a new stake in Nokia Oyj during the 3rd quarter worth $1,417,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Craig Hallum increased 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, StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. One equities research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Trading Down 1.2 %

NYSE:NOK opened at $5.20 on Friday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market cap of $28.33 billion, a PE ratio of 20.78, a P/E/G ratio of 6.43 and a beta of 1.11. The business’s 50 day moving average is $4.95 and its two-hundred day moving average is $4.61.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 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%. On average, analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

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.