524,031 Shares in Nokia Oyj (NYSE:NOK) Bought by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Nokia Oyj (NYSE:NOK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 524,031 shares of the technology company’s stock, valued at approximately $2,321,000.

A number of other large investors also recently bought and sold shares of NOK. Checchi Capital Advisers LLC raised its holdings in Nokia Oyj by 14.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock worth $91,000 after purchasing an additional 2,509 shares in the last quarter. PDS Planning Inc raised its stake in shares of Nokia Oyj by 10.4% during the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company’s stock worth $125,000 after buying an additional 2,665 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Nokia Oyj by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company’s stock worth $293,000 after buying an additional 2,722 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Nokia Oyj by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company’s stock valued at $420,000 after acquiring an additional 3,398 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Nokia Oyj by 5.1% during the 3rd quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock valued at $309,000 after acquiring an additional 3,453 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 2.9 %

Shares of Nokia Oyj stock opened at $4.96 on Friday. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.48. The business’s fifty day moving average is $5.05 and its two-hundred day moving average is $4.68. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm has a market cap of $27.03 billion, a PE ratio of 19.83, a P/E/G ratio of 6.43 and a beta of 0.97.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NOK shares. JPMorgan Chase & Co. lowered their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Craig Hallum raised their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Nokia Oyj presently has an average rating of “Moderate Buy” and a consensus price target 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.