J.W. Cole Advisors Inc. Invests $71,000 in Nokia Oyj (NYSE:NOK)

J.W. Cole Advisors Inc. purchased a new position in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,114 shares of the technology company’s stock, valued at approximately $71,000.

Other large investors also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after acquiring an additional 27,755,460 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Nokia Oyj during 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 worth $2,324,000 after acquiring an additional 255,893 shares in the last quarter. Choreo LLC boosted its stake in shares of Nokia Oyj by 19.0% during the 4th quarter. Choreo LLC now owns 86,746 shares of the technology company’s stock worth $384,000 after acquiring an additional 13,849 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Nokia Oyj by 1,101.8% during the 3rd quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock worth $786,000 after acquiring an additional 164,883 shares in the last quarter. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Down 1.1 %

Shares of NOK opened at $4.94 on Friday. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $5.06. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $4.63 and a 200-day simple moving average of $4.44. The stock has a market cap of $26.91 billion, a PE ratio of 19.74, a PEG ratio of 6.38 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, sell-side analysts predict that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

NOK has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report on Friday. Craig Hallum upped their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.85.

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.