Clean Yield Group Has $2.14 Million Stock Position in Nokia Oyj (NYSE:NOK)

Clean Yield Group decreased its holdings in Nokia Oyj (NYSE:NOK) by 45.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 483,281 shares of the technology company’s stock after selling 399,562 shares during the quarter. Clean Yield Group’s holdings in Nokia Oyj were worth $2,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maverick Capital Ltd. bought a new stake in Nokia Oyj during the second quarter worth $1,240,000. FMR LLC lifted its position in shares of Nokia Oyj by 1,012.3% during the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. XTX Topco Ltd purchased a new position in Nokia Oyj during the third quarter worth about $1,417,000. QRG Capital Management Inc. increased its stake in Nokia Oyj by 92.8% in the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after buying an additional 255,893 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Nokia Oyj by 1,101.8% in the 3rd quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock worth $786,000 after buying an additional 164,883 shares during the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Performance

Nokia Oyj stock traded down $0.05 during mid-day trading on Monday, reaching $4.47. The company’s stock had a trading volume of 10,166,061 shares, compared to its average volume of 12,314,257. The firm’s fifty day moving average price is $4.42 and its two-hundred day moving average price is $4.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 1.72. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $4.95. The company has a market capitalization of $24.37 billion, a P/E ratio of 55.88, a PEG ratio of 5.80 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NOK shares. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded 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 research report on Monday, December 9th. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of “Moderate Buy” and a consensus price target of $6.62.

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.