1,806,000 Shares in Nokia Oyj (NYSE:NOK) Acquired by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd bought a new stake in Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,806,000 shares of the technology company’s stock, valued at approximately $8,001,000. Nokia Oyj comprises about 2.3% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 10th biggest holding.

Several other large investors have also recently added to or reduced their stakes in NOK. PEAK6 Investments LLC purchased a new stake in Nokia Oyj during the third quarter valued at about $45,000. Foundations Investment Advisors LLC acquired a new stake in Nokia Oyj during the 4th quarter worth approximately $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the fourth quarter valued at approximately $46,000. Wedmont Private Capital acquired a new position in Nokia Oyj during the fourth quarter valued at approximately $47,000. Finally, Wealthstream Advisors Inc. purchased a new stake in Nokia Oyj during the fourth quarter worth approximately $49,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $4.77 on Friday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a market cap of $25.98 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. The stock has a 50 day moving average of $5.02 and a 200-day moving average of $4.65.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data 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 net margin of 6.54% and a return on equity of 10.30%. On average, analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Craig Hallum lifted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group downgraded shares of 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 equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Nokia Oyj has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj 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.