Nokia Oyj Target of Unusually High Options Trading (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was the recipient of unusually large options trading on Thursday. Stock investors purchased 12,419 call options on the stock. This is an increase of 19% compared to the average daily volume of 10,408 call options.

Nokia Oyj Price Performance

NOK stock opened at $4.71 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95. The company has a market cap of $25.65 billion, a PE ratio of 58.81, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06. The stock has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $4.32.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. As a group, research analysts predict that Nokia Oyj will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Northland Securities restated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their target price for the company from $4.35 to $6.35 in a report on Monday, December 9th. Craig Hallum boosted their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nokia Oyj currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.86.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. TSP Capital Management Group LLC grew its holdings in Nokia Oyj by 3.2% during the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock valued at $10,069,000 after purchasing an additional 70,100 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Nokia Oyj by 35.0% during the fourth quarter. V Square Quantitative Management LLC now owns 112,726 shares of the technology company’s stock valued at $502,000 after acquiring an additional 29,217 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Nokia Oyj by 14.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after acquiring an additional 6,395 shares during the last quarter. Capital Advisors Inc. OK acquired a new position in shares of Nokia Oyj in the fourth quarter worth about $60,000. Finally, Wealthstar Advisors LLC acquired a new stake in Nokia Oyj during the 4th quarter valued at approximately $146,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

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.