Investors Purchase High Volume of Call Options on Nokia Oyj (NYSE:NOK)

Nokia Oyj (NYSE:NOK) saw unusually large options trading activity on Thursday. Stock investors bought 30,735 call options on the company. This is an increase of approximately 211% compared to the average daily volume of 9,878 call options.

Institutional Investors Weigh In On Nokia Oyj

Institutional investors and hedge funds have recently made changes to their positions in the stock. Checchi Capital Advisers LLC raised its stake in Nokia Oyj by 14.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock worth $91,000 after acquiring an additional 2,509 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of Nokia Oyj by 10.4% during the fourth quarter. PDS Planning Inc now owns 28,304 shares of the technology company’s stock worth $125,000 after purchasing an additional 2,665 shares during the period. Orion Portfolio Solutions LLC boosted its position in Nokia Oyj by 4.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company’s stock valued at $293,000 after buying an additional 2,722 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after buying an additional 2,776 shares during the period. Finally, Caprock Group LLC raised its position in Nokia Oyj by 5.5% during the 3rd quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after buying an additional 3,023 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Down 0.3 %

Shares of NOK stock opened at $5.16 on Friday. The stock’s fifty day moving average price is $4.72 and its 200 day moving average price is $4.51. 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 $5.23. The company has a market cap of $28.11 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective 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 boosted their target price 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. Finally, StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, Nokia Oyj has a consensus rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj Company 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.