Nokia Oyj (NYSE:NOK) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC lowered its position in Nokia Oyj (NYSE:NOKFree Report) by 47.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,900 shares of the technology company’s stock after selling 15,000 shares during the quarter. Stonegate Investment Group LLC’s holdings in Nokia Oyj were worth $58,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Nokia Oyj in the 4th quarter valued at about $34,000. Paradigm Asset Management Co. LLC acquired a new stake in Nokia Oyj during the third quarter worth about $37,000. Vontobel Holding Ltd. acquired a new stake in Nokia Oyj during the first quarter worth about $55,000. Crestwood Advisors Group LLC acquired a new stake in Nokia Oyj during the third quarter worth about $37,000. Finally, AlphaQ Advisors LLC acquired a new stake in Nokia Oyj during the first quarter worth about $52,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Trading Up 2.1 %

Nokia Oyj stock opened at $3.58 on Thursday. The firm has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $3.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.41. The stock has a market capitalization of $20.14 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.97.

Nokia Oyj (NYSE:NOKGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. During the same quarter last year, the business earned $0.16 earnings per share. As a group, equities research analysts expect that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NOK has been the topic of several research reports. Barclays lowered shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Jefferies Financial Group lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BNP Paribas started coverage on shares of Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating on the stock. Citigroup restated a “sell” rating on shares of Nokia Oyj in a research report on Friday, December 15th. Finally, The Goldman Sachs Group cut shares of Nokia Oyj from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.10 to $3.40 in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj currently has a consensus rating of “Hold” and a consensus target price of $5.06.

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Nokia Oyj Profile

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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.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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