Investors Asset Management of Georgia Inc. GA ADV Raises Holdings in Nokia Oyj (NYSE:NOK)

Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Nokia Oyj (NYSE:NOK) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 146,499 shares of the technology company’s stock after purchasing an additional 6,225 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Nokia Oyj were worth $640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NOK. Pzena Investment Management LLC increased its position in Nokia Oyj by 22.3% during the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock valued at $311,943,000 after purchasing an additional 15,035,360 shares during the period. Sei Investments Co. raised its stake in Nokia Oyj by 1.5% in the first quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock worth $9,467,000 after buying an additional 40,264 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Nokia Oyj by 98.3% during the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after buying an additional 867,297 shares during the period. Susquehanna International Securities Ltd. boosted its position in Nokia Oyj by 13.9% during the 1st quarter. Susquehanna International Securities Ltd. now owns 1,636,996 shares of the technology company’s stock valued at $5,795,000 after acquiring an additional 199,590 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Nokia Oyj by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock valued at $3,787,000 after acquiring an additional 96,144 shares during the period. 5.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Nokia Oyj Stock Performance

NOK stock traded up $0.02 during trading on Friday, reaching $4.73. The company had a trading volume of 11,303,696 shares, compared to its average volume of 15,806,252. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 59.13, a price-to-earnings-growth ratio of 6.22 and a beta of 1.12. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.72. The firm has a 50-day simple moving average of $4.42 and a 200-day simple moving average of $4.02.

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.