Nokia Oyj (NYSE:NOK) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its stake in shares of Nokia Oyj (NYSE:NOK) by 37.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 32,434 shares of the technology company’s stock after selling 19,099 shares during the period. Kovack Advisors Inc.’s holdings in Nokia Oyj were worth $142,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp lifted its stake in shares of Nokia Oyj by 15.7% in the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Nokia Oyj by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after buying an additional 2,776 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Nokia Oyj by 3.9% during the second quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock worth $328,000 after buying an additional 3,097 shares during the period. Bleakley Financial Group LLC increased its position in shares of Nokia Oyj by 30.8% in the third quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock worth $59,000 after acquiring an additional 3,199 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Nokia Oyj by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock valued at $438,000 after acquiring an additional 3,349 shares during the period. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Stock Down 0.7 %

NOK stock opened at $4.46 on Friday. The firm’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.09. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $24.32 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 5.77 and a beta of 1.12. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. On average, analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Northland Securities reiterated an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research report on Monday, October 21st. Finally, Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.56.

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.