Jones Financial Companies Lllp Acquires 10,949 Shares of Nokia Oyj (NYSE:NOK)

Jones Financial Companies Lllp boosted its holdings in Nokia Oyj (NYSE:NOK) by 129.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,438 shares of the technology company’s stock after buying an additional 10,949 shares during the period. Jones Financial Companies Lllp’s holdings in Nokia Oyj were worth $86,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. PEAK6 Investments LLC acquired a new stake in shares of Nokia Oyj during the 3rd quarter worth approximately $45,000. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $45,000. D.A. Davidson & CO. acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $46,000. Wedmont Private Capital acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $47,000. Finally, Wealthstream Advisors Inc. acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Price Performance

Shares of NOK stock opened at $5.34 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The firm has a market cap of $29.09 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 6.43 and a beta of 1.11. The stock’s fifty day simple moving average is $4.81 and its 200 day simple moving average is $4.55. Nokia Oyj has a one year low of $3.29 and a one year high of $5.35.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 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, analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on NOK shares. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. Finally, Craig Hallum boosted their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nokia Oyj has a consensus rating of “Moderate Buy” and an average target price of $5.85.

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.