Oppenheimer Asset Management Inc. raised its holdings in Nokia Oyj (NYSE:NOK) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 225,405 shares of the technology company’s stock after acquiring an additional 14,354 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Nokia Oyj were worth $1,312,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Weybosset Research & Management LLC acquired a new stake in Nokia Oyj in the fourth quarter valued at approximately $66,000. Lourd Capital LLC lifted its stake in Nokia Oyj by 92.8% in the fourth quarter. Lourd Capital LLC now owns 28,942 shares of the technology company’s stock valued at $168,000 after acquiring an additional 13,933 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Nokia Oyj by 17.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 30,218 shares of the technology company’s stock valued at $175,000 after acquiring an additional 4,400 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Nokia Oyj in the third quarter valued at approximately $190,000. Finally, Advisor Partners LLC lifted its stake in Nokia Oyj by 63.8% in the fourth quarter. Advisor Partners LLC now owns 32,824 shares of the technology company’s stock valued at $191,000 after acquiring an additional 12,789 shares during the last quarter. Hedge funds and other institutional investors own 6.99% of the company’s stock.
Shares of Nokia Oyj stock opened at $5.96 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 0.18. Nokia Oyj has a 1-year low of $5.07 and a 1-year high of $6.65. The firm has a market capitalization of $34.10 billion, a PE ratio of 22.07, a PEG ratio of 2.00 and a beta of 0.39.
A number of research firms have issued reports on NOK. Zacks Investment Research reiterated a “buy” rating and issued a $6.25 target price on shares of Nokia Oyj in a research note on Monday, December 31st. ValuEngine upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. BMO Capital Markets upgraded shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $5.00 to $7.50 in a research note on Thursday, January 3rd. Finally, DNB Markets upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Nokia Oyj currently has an average rating of “Hold” and an average price target of $6.81.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.chaffeybreeze.com/2019/02/08/oppenheimer-asset-management-inc-has-1-31-million-holdings-in-nokia-oyj-nok.html.
About Nokia Oyj
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
Featured Story: Price to Earnings Ratio (PE) Basics
Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj (NYSE:NOK).
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.