Sonoma Private Wealth LLC Acquires Shares of 36,964 Nokia Oyj (NYSE:NOK)

Sonoma Private Wealth LLC acquired a new stake in Nokia Oyj (NYSE:NOK) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 36,964 shares of the technology company’s stock, valued at approximately $164,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOK. Pinnacle Associates Ltd. purchased a new stake in Nokia Oyj in the 3rd quarter valued at about $44,000. PEAK6 Investments LLC purchased a new stake in Nokia Oyj in the 3rd quarter valued at about $45,000. Foundations Investment Advisors LLC purchased a new stake in Nokia Oyj in the 4th quarter valued at about $45,000. D.A. Davidson & CO. bought a new position in shares of Nokia Oyj during the 4th quarter valued at approximately $46,000. Finally, Wedmont Private Capital bought a new position in shares of Nokia Oyj during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Down 0.5 %

NOK opened at $4.81 on Monday. The company has a 50 day moving average of $4.67 and a 200 day moving average of $4.48. The company has a market cap of $26.20 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 6.43 and a beta of 1.06. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.06. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, sell-side analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NOK. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group downgraded 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 increased their target price 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. Finally, StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj 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.