Atomi Financial Group Inc. Has $209,000 Stock Holdings in Nokia Oyj (NYSE:NOK)

Atomi Financial Group Inc. raised its stake in Nokia Oyj (NYSE:NOK) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,134 shares of the technology company’s stock after buying an additional 10,354 shares during the period. Atomi Financial Group Inc.’s holdings in Nokia Oyj were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in Nokia Oyj by 1,012.3% in the 3rd 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. XTX Topco Ltd acquired a new position in shares of Nokia Oyj during the third quarter worth $1,417,000. QRG Capital Management Inc. grew its stake in shares of Nokia Oyj by 92.8% in the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after purchasing an additional 255,893 shares during the last quarter. IHT Wealth Management LLC increased its holdings in Nokia Oyj by 1,101.8% in the third quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock valued at $786,000 after purchasing an additional 164,883 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Nokia Oyj during the 3rd quarter worth about $821,000. Institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NOK. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group downgraded shares of 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. Finally, Northland Securities reaffirmed an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nokia Oyj presently has an average rating of “Moderate Buy” and an average target price of $5.86.

Nokia Oyj Stock Down 0.3 %

Nokia Oyj stock opened at $4.50 on Tuesday. The company has a market capitalization of $24.51 billion, a PE ratio of 56.19, a PEG ratio of 5.72 and a beta of 1.06. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95. The firm’s fifty day moving average is $4.41 and its 200 day moving average is $4.31. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14.

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.