HighTower Advisors LLC Sells 3,192 Shares of Nokia Oyj (NYSE:NOK)

HighTower Advisors LLC lessened its stake in Nokia Oyj (NYSE:NOK) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,120 shares of the technology company’s stock after selling 3,192 shares during the quarter. HighTower Advisors LLC’s holdings in Nokia Oyj were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NOK. Charles Schwab Investment Management Inc. raised its stake in shares of Nokia Oyj by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 346,358 shares of the technology company’s stock worth $1,514,000 after purchasing an additional 91,459 shares during the last quarter. Cerity Partners LLC boosted its holdings in Nokia Oyj by 72.1% in the third quarter. Cerity Partners LLC now owns 126,144 shares of the technology company’s stock worth $551,000 after purchasing an additional 52,855 shares during the last quarter. Independent Advisor Alliance bought a new stake in Nokia Oyj in the 3rd quarter worth approximately $62,000. FMR LLC boosted its stake in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after buying an additional 27,755,460 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new stake in Nokia Oyj during the third quarter valued at $84,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Nokia Oyj Stock Performance

NYSE NOK opened at $5.22 on Friday. The company has a market cap of $28.44 billion, a P/E ratio of 20.86, a P/E/G ratio of 6.43 and a beta of 1.11. The business’s 50 day moving average price is $4.96 and its 200-day moving average price is $4.62. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.48. 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 (NYSE:NOK) last released its quarterly earnings results 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%. Sell-side analysts predict that Nokia Oyj will post 0.34 earnings per share 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.