D.A. Davidson & CO. Buys New Holdings in Nokia Oyj (NYSE:NOK)

D.A. Davidson & CO. bought a new position in Nokia Oyj (NYSE:NOK) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,355 shares of the technology company’s stock, valued at approximately $46,000.

A number of other institutional investors have also recently bought and sold shares of NOK. Pinnacle Associates Ltd. acquired a new position in Nokia Oyj during the third quarter worth $44,000. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj during the 4th quarter worth about $45,000. PEAK6 Investments LLC bought a new position in Nokia Oyj during the 3rd quarter valued at about $45,000. Wedmont Private Capital acquired a new position in Nokia Oyj in the fourth quarter valued at about $47,000. Finally, GAMMA Investing LLC grew its stake in Nokia Oyj by 57.5% during the fourth quarter. GAMMA Investing LLC now owns 13,449 shares of the technology company’s stock worth $60,000 after buying an additional 4,909 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Stock Down 1.5 %

Shares of NYSE:NOK opened at $4.83 on Friday. The company has a 50 day moving average price of $4.66 and a two-hundred day moving average price of $4.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a market capitalization of $26.31 billion, a PE ratio of 19.30, a PEG ratio of 6.43 and a beta of 1.06. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.06.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating 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 forecast that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NOK shares. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report 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 objective on the stock. in a research note on Thursday, January 16th. Finally, Craig Hallum raised their target price 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 research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.