Nokia Oyj (NYSE:NOK) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of Nokia Oyj (NYSE:NOK) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,592 shares of the technology company’s stock after buying an additional 2,776 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Nokia Oyj were worth $392,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NOK. Maverick Capital Ltd. bought a new stake in shares of Nokia Oyj during the 2nd quarter valued at about $1,240,000. Russell Investments Group Ltd. grew its holdings in shares of Nokia Oyj by 98.3% during the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after purchasing an additional 867,297 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Nokia Oyj by 62.3% during the 1st quarter. CreativeOne Wealth LLC now owns 17,628 shares of the technology company’s stock worth $63,000 after purchasing an additional 6,768 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Nokia Oyj in the 1st quarter worth approximately $35,000. Finally, Sanctuary Advisors LLC acquired a new position in Nokia Oyj during the 2nd quarter valued at approximately $206,000. Institutional investors own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NOK shares. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Northland Securities reiterated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. Craig Hallum upgraded shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Nokia Oyj has a consensus rating of “Hold” and an average target price of $4.56.

Nokia Oyj Price Performance

Shares of NYSE:NOK opened at $4.55 on Friday. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 5.96 and a beta of 1.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.95. The stock’s 50 day moving average price is $4.45 and its 200 day moving average price is $4.06.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. Equities research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal 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.