International Assets Investment Management LLC Grows Stock Holdings in Nokia Oyj (NYSE:NOK)

International Assets Investment Management LLC grew its holdings in shares of Nokia Oyj (NYSE:NOK) by 240.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,412 shares of the technology company’s stock after acquiring an additional 55,362 shares during the period. International Assets Investment Management LLC’s holdings in Nokia Oyj were worth $268,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NOK. AE Wealth Management LLC increased its position in shares of Nokia Oyj by 7.9% during the third quarter. AE Wealth Management LLC now owns 48,136 shares of the technology company’s stock valued at $180,000 after acquiring an additional 3,530 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Nokia Oyj by 15.9% during the third quarter. Ballentine Partners LLC now owns 36,624 shares of the technology company’s stock valued at $137,000 after acquiring an additional 5,019 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Nokia Oyj during the third quarter valued at approximately $46,000. Mission Wealth Management LP increased its position in shares of Nokia Oyj by 9.4% during the third quarter. Mission Wealth Management LP now owns 61,003 shares of the technology company’s stock valued at $228,000 after acquiring an additional 5,217 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Nokia Oyj by 8.9% during the third quarter. Stratos Wealth Partners LTD. now owns 123,827 shares of the technology company’s stock valued at $463,000 after acquiring an additional 10,108 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NOK has been the subject of several analyst reports. Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. BNP Paribas initiated coverage on shares of Nokia Oyj in a research report on Friday, January 12th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.42.

Nokia Oyj Trading Up 0.3 %

NYSE:NOK opened at $3.65 on Friday. The company has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $3.47. The company has a market cap of $20.56 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.36. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. During the same quarter in the prior year, the business earned $0.16 EPS. Research analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current year.

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.