BNP Paribas Financial Markets Has $138,000 Stock Position in Nokia Oyj (NYSE:NOK)

BNP Paribas Financial Markets lessened its stake in Nokia Oyj (NYSE:NOK) by 54.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,477 shares of the technology company’s stock after selling 37,027 shares during the quarter. BNP Paribas Financial Markets’ holdings in Nokia Oyj were worth $138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after buying an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. bought a new position in Nokia Oyj in the third quarter valued at approximately $44,000. JGP Wealth Management LLC acquired a new position in Nokia Oyj during the third quarter valued at approximately $45,000. Arkadios Wealth Advisors acquired a new stake in shares of Nokia Oyj in the 2nd quarter valued at $40,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Nokia Oyj in the 3rd quarter valued at $47,000. Institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NOK. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $4.35 to $6.35 in a research report on Monday, December 9th. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Friday, December 13th. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Northland Securities reissued an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. Finally, Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.42.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $4.48 on Wednesday. The business has a 50 day moving average of $4.47 and a 200-day moving average of $4.17. 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 1 year low of $3.20 and a 1 year high of $4.95. The company has a market capitalization of $24.43 billion, a P/E ratio of 56.00, a P/E/G ratio of 5.80 and a beta of 1.08.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. On average, equities research 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.