National Investment Services Inc. WI decreased its position in Nokia Oyj (NYSE:NOK) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,179 shares of the technology company’s stock after selling 12,133 shares during the quarter. Nokia Oyj accounts for approximately 2.2% of National Investment Services Inc. WI’s portfolio, making the stock its 13th largest position. National Investment Services Inc. WI’s holdings in Nokia Oyj were worth $2,049,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NOK. Deutsche Bank AG raised its holdings in shares of Nokia Oyj by 14,125.0% in the fourth quarter. Deutsche Bank AG now owns 143,673 shares of the technology company’s stock valued at $835,000 after buying an additional 142,663 shares during the last quarter. Geode Capital Management LLC grew its position in Nokia Oyj by 40.2% during the fourth quarter. Geode Capital Management LLC now owns 21,517 shares of the technology company’s stock worth $125,000 after buying an additional 6,167 shares during the period. FMR LLC grew its position in Nokia Oyj by 251.7% during the fourth quarter. FMR LLC now owns 12,084,463 shares of the technology company’s stock worth $70,331,000 after buying an additional 8,648,798 shares during the period. Headinvest LLC grew its position in Nokia Oyj by 100.0% during the fourth quarter. Headinvest LLC now owns 30,000 shares of the technology company’s stock worth $175,000 after buying an additional 15,000 shares during the period. Finally, WealthPLAN Partners LLC acquired a new position in Nokia Oyj during the fourth quarter worth about $84,000. 6.85% of the stock is currently owned by institutional investors.
NOK opened at $5.80 on Wednesday. The firm has a market cap of $32.74 billion, a P/E ratio of 21.48 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. Nokia Oyj has a twelve month low of $5.07 and a twelve month high of $6.65.
Several analysts have recently commented on the stock. Raymond James upgraded shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and increased their price target for the company from $4.75 to $7.50 in a research report on Tuesday, January 8th. Zacks Investment Research lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Nordea Equity Research downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. TheStreet downgraded shares of Nokia Oyj from a “b-” rating to a “c+” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $5.00 to $7.50 in a research note on Thursday, January 3rd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.79.
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About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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