First Affirmative Financial Network Buys 4,028 Shares of Nokia Oyj (NYSE:NOK)

First Affirmative Financial Network grew its stake in shares of Nokia Oyj (NYSE:NOK) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,496 shares of the technology company’s stock after purchasing an additional 4,028 shares during the quarter. First Affirmative Financial Network’s holdings in Nokia Oyj were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOK. GAMMA Investing LLC raised its position in Nokia Oyj by 67.0% during the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock worth $37,000 after acquiring an additional 3,427 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Nokia Oyj in the 3rd quarter valued at about $44,000. Alternative Investment Advisors LLC. bought a new position in Nokia Oyj during the second quarter worth about $45,000. JGP Wealth Management LLC acquired a new position in Nokia Oyj during the third quarter worth approximately $45,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Nokia Oyj in the third quarter valued at approximately $45,000. Institutional investors own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NOK. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Northland Securities reissued an “outperform” rating and set a $6.50 price target on shares of Nokia Oyj in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.86.

Nokia Oyj Trading Up 6.0 %

Shares of NYSE:NOK opened at $4.71 on Friday. The company has a market capitalization of $25.65 billion, a P/E ratio of 58.81, a P/E/G ratio of 5.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The business’s 50 day simple moving average is $4.42 and its 200 day simple moving average is $4.32. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. On average, research analysts anticipate that Nokia Oyj will post 0.35 EPS for the current fiscal year.

About Nokia Oyj

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.