Virtu Financial LLC Increases Stake in Nokia Oyj (NOK)

Virtu Financial LLC boosted its stake in Nokia Oyj (NYSE:NOK) by 235.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 571,981 shares of the technology company’s stock after buying an additional 401,240 shares during the period. Virtu Financial LLC’s holdings in Nokia Oyj were worth $3,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NOK. Selz Capital LLC bought a new stake in Nokia Oyj in the 4th quarter worth approximately $6,402,000. Raymond James & Associates grew its position in Nokia Oyj by 65.1% in the 4th quarter. Raymond James & Associates now owns 299,798 shares of the technology company’s stock worth $1,745,000 after purchasing an additional 118,225 shares during the period. Lindbrook Capital LLC bought a new stake in Nokia Oyj in the 4th quarter worth approximately $75,000. Weybosset Research & Management LLC bought a new stake in Nokia Oyj in the 4th quarter worth approximately $66,000. Finally, Sigma Planning Corp grew its position in Nokia Oyj by 5.8% in the 4th quarter. Sigma Planning Corp now owns 102,983 shares of the technology company’s stock worth $599,000 after purchasing an additional 5,605 shares during the period. Institutional investors and hedge funds own 6.82% of the company’s stock.

Shares of NOK stock opened at $5.18 on Friday. Nokia Oyj has a 52 week low of $5.07 and a 52 week high of $6.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.31. The firm has a market capitalization of $29.19 billion, a price-to-earnings ratio of 19.19 and a beta of 0.27.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, April 25th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). Nokia Oyj had a positive return on equity of 6.97% and a negative net margin of 2.65%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts expect that Nokia Oyj will post 0.24 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on NOK shares. TheStreet raised shares of Nokia Oyj from a “c+” rating to a “b-” rating in a research report on Monday, March 18th. Raymond James raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $4.75 to $7.50 in a research report on Tuesday, January 8th. Canaccord Genuity restated a “buy” rating and set a $7.00 target price on shares of Nokia Oyj in a research note on Friday, April 26th. Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $5.72 target price on the stock. in a research note on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Nokia Oyj presently has an average rating of “Hold” and an average target price of $6.83.

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Nokia Oyj Profile

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

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