Checchi Capital Advisers LLC Raises Position in Nokia Oyj (NYSE:NOK)

Checchi Capital Advisers LLC lifted its stake in Nokia Oyj (NYSE:NOK) by 14.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,442 shares of the technology company’s stock after purchasing an additional 2,509 shares during the period. Checchi Capital Advisers LLC’s holdings in Nokia Oyj were worth $91,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NOK. Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj in the third quarter worth about $44,000. PEAK6 Investments LLC purchased a new stake in Nokia Oyj in the 3rd quarter worth approximately $45,000. Foundations Investment Advisors LLC bought 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 during the fourth quarter valued at approximately $46,000. Finally, Wedmont Private Capital bought a new position in shares of Nokia Oyj in the fourth quarter worth approximately $47,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Stock Down 1.5 %

Shares of NOK stock opened at $4.83 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock has a market cap of $26.31 billion, a P/E ratio of 19.30, a PEG ratio of 6.43 and a beta of 1.06. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.06. The company’s fifty day simple moving average is $4.66 and its two-hundred day simple moving average is $4.47.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Analysts predict that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Craig Hallum raised their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a research note on Thursday, January 16th. Finally, StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Company 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.