Tidal Investments LLC Purchases 6,965 Shares of Nokia Oyj (NYSE:NOK)

Tidal Investments LLC increased its holdings in Nokia Oyj (NYSE:NOK) by 15.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,596 shares of the technology company’s stock after purchasing an additional 6,965 shares during the quarter. Tidal Investments LLC’s holdings in Nokia Oyj were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Maverick Capital Ltd. bought a new position in shares of Nokia Oyj during the second quarter valued at approximately $1,240,000. 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 worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Nokia Oyj in the 3rd quarter worth about $1,417,000. QRG Capital Management Inc. boosted its stake in shares of Nokia Oyj by 92.8% during the 3rd 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, IHT Wealth Management LLC increased its position in shares of Nokia Oyj by 1,101.8% during the third quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock valued at $786,000 after buying an additional 164,883 shares during the period. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.9 %

NYSE NOK opened at $4.49 on Thursday. The stock’s fifty day moving average price is $4.47 and its 200-day moving average price is $4.19. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The stock has a market cap of $24.48 billion, a P/E ratio of 56.13, a P/E/G ratio of 5.80 and a beta of 1.08. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $4.95.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 2.18% and a return on equity of 8.32%. As a group, equities analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $4.35 to $6.35 in a research report on Monday, December 9th. StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Northland Securities reissued an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj has an average rating of “Moderate Buy” and a consensus price target of $6.43.

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.