Nokia Oyj Target of Unusually Large Options Trading (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was the target of some unusual options trading on Thursday. Traders bought 12,419 call options on the company. This is an increase of 19% compared to the average volume of 10,408 call options.

Institutional Trading of Nokia Oyj

A number of institutional investors have recently bought and sold shares of NOK. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 3,427 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Nokia Oyj during the 3rd quarter worth $44,000. Alternative Investment Advisors LLC. bought a new stake in shares of Nokia Oyj in the 2nd quarter valued at about $45,000. JGP Wealth Management LLC purchased a new position in Nokia Oyj in the third quarter worth $45,000. Finally, PEAK6 Investments LLC acquired a new position in Nokia Oyj during the 3rd quarter valued at about $45,000. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Price Performance

NOK stock opened at $4.61 on Friday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $4.95. The firm has a market capitalization of $25.11 billion, a P/E ratio of 57.58, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The company has a fifty day simple moving average of $4.44 and a two-hundred day simple moving average of $4.32. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last announced 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 net margin of 2.18% and a return on equity of 8.32%. Analysts anticipate that Nokia Oyj will post 0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NOK has been the subject of several research analyst reports. StockNews.com upgraded Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Northland Securities reiterated an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. The Goldman Sachs Group lowered 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 report on Thursday, January 16th. Craig Hallum lifted their price target 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. Finally, JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $4.35 to $6.35 in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.86.

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.