Waterfront Wealth Inc. Has $3.44 Million Stake in Nokia Oyj (NYSE:NOK)

Waterfront Wealth Inc. increased its holdings in shares of Nokia Oyj (NYSE:NOK) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 777,048 shares of the technology company’s stock after acquiring an additional 12,034 shares during the period. Nokia Oyj accounts for approximately 0.8% of Waterfront Wealth Inc.’s portfolio, making the stock its 25th biggest position. Waterfront Wealth Inc.’s holdings in Nokia Oyj were worth $3,442,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its stake in Nokia Oyj by 10.0% in the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after acquiring an additional 8,261,407 shares during the last quarter. FMR LLC lifted its stake in Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after acquiring an additional 27,755,460 shares during the last quarter. TSP Capital Management Group LLC lifted its stake in Nokia Oyj by 3.2% in the fourth quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock valued at $10,069,000 after acquiring an additional 70,100 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after acquiring an additional 702,279 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Nokia Oyj by 92.8% in the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 255,893 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Price Performance

NYSE:NOK opened at $4.99 on Friday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.06. The firm has a market cap of $27.18 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 6.38 and a beta of 1.06. The firm’s 50-day simple moving average is $4.62 and its 200 day simple moving average is $4.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on NOK shares. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.35 to $6.35 in a research note on Monday, December 9th. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Craig Hallum increased 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. Finally, The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nokia Oyj currently has a consensus rating of “Moderate Buy” and an average price target of $5.86.

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.