180 Wealth Advisors LLC Raises Stock Holdings in Nokia Oyj (NYSE:NOK)

180 Wealth Advisors LLC boosted its holdings in shares of Nokia Oyj (NYSE:NOK) by 10.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,290 shares of the technology company’s stock after purchasing an additional 5,850 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Nokia Oyj were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NOK. PNC Financial Services Group Inc. raised its stake in shares of Nokia Oyj by 8.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 109,406 shares of the technology company’s stock valued at $409,000 after purchasing an additional 8,758 shares in the last quarter. FMR LLC raised its stake in Nokia Oyj by 4.3% during the third quarter. FMR LLC now owns 2,181,834 shares of the technology company’s stock valued at $8,160,000 after buying an additional 90,895 shares in the last quarter. Mariner LLC lifted its holdings in Nokia Oyj by 2.8% during the 3rd quarter. Mariner LLC now owns 170,073 shares of the technology company’s stock worth $636,000 after buying an additional 4,663 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of Nokia Oyj by 33.5% in the 3rd quarter. Natixis Advisors L.P. now owns 366,143 shares of the technology company’s stock worth $1,369,000 after acquiring an additional 91,896 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Nokia Oyj by 22.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock valued at $76,000 after acquiring an additional 3,767 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOK has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.42.

Nokia Oyj Trading Up 1.3 %

Nokia Oyj stock opened at $3.78 on Friday. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.36. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15. The stock has a market cap of $20.88 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.18 and a beta of 1.10. The company’s fifty day simple moving average is $3.78 and its 200-day simple moving average is $3.60.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, April 18th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.19 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. As a group, sell-side analysts forecast that Nokia Oyj will post 0.38 EPS for the current fiscal year.

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.