Choreo LLC Increases Stock Position in Nokia Oyj (NYSE:NOK)

Choreo LLC grew its stake in Nokia Oyj (NYSE:NOK) by 19.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 86,746 shares of the technology company’s stock after acquiring an additional 13,849 shares during the period. Choreo LLC’s holdings in Nokia Oyj were worth $384,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Pzena Investment Management LLC boosted its position in shares of Nokia Oyj by 10.0% during the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock worth $396,735,000 after buying an additional 8,261,407 shares during the period. FMR LLC increased its stake in Nokia Oyj by 1,012.3% during the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Nokia Oyj by 2,505.3% during the third 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. QRG Capital Management Inc. grew its holdings 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 valued at $2,324,000 after purchasing an additional 255,893 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Nokia Oyj by 1.2% during the third quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock worth $1,935,000 after acquiring an additional 5,190 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Up 2.2 %

NOK stock opened at $5.01 on Thursday. The firm has a fifty day moving average price of $4.53 and a two-hundred day moving average price of $4.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a 1-year low of $3.29 and a 1-year high of $5.01. The firm has a market cap of $27.32 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 6.17 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Research analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on NOK. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $4.35 to $6.35 in a report on Monday, December 9th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Craig Hallum lifted their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. Finally, Northland Securities reiterated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, Nokia Oyj currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

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.