Moloney Securities Asset Management LLC Invests $1.42 Million in Nokia Oyj (NYSE:NOK)

Moloney Securities Asset Management LLC acquired a new position in shares of Nokia Oyj (NYSE:NOK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 324,634 shares of the technology company’s stock, valued at approximately $1,419,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NOK. GAMMA Investing LLC grew its stake in Nokia Oyj by 67.0% in the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,427 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Nokia Oyj in the 1st quarter valued at $35,000. Pinnacle Associates Ltd. acquired a new stake in Nokia Oyj in the 3rd quarter valued at $44,000. JGP Wealth Management LLC acquired a new stake in Nokia Oyj in the 3rd quarter valued at $45,000. Finally, Simplicity Wealth LLC acquired a new stake in Nokia Oyj in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

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

Nokia Oyj Stock Up 1.0 %

NYSE NOK opened at $4.72 on Wednesday. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.95. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $4.44 and its 200-day simple moving average is $4.05. The firm has a market cap of $25.92 billion, a PE ratio of 58.94, a P/E/G ratio of 6.15 and a beta of 1.12.

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.