West Family Investments Inc. Takes Position in Nokia Oyj (NYSE:NOK)

West Family Investments Inc. bought a new stake in Nokia Oyj (NYSE:NOK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,332 shares of the technology company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in shares of Nokia Oyj by 15.7% during the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Nokia Oyj by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,776 shares during the period. Caprock Group LLC boosted its stake in Nokia Oyj by 5.5% during the third quarter. Caprock Group LLC now owns 57,766 shares of the technology company’s stock worth $252,000 after buying an additional 3,023 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Nokia Oyj by 3.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock valued at $328,000 after buying an additional 3,097 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in shares of Nokia Oyj by 30.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock valued at $59,000 after buying an additional 3,199 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Price Performance

NOK opened at $4.24 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The stock has a market capitalization of $23.12 billion, a P/E ratio of 53.00, a price-to-earnings-growth ratio of 5.77 and a beta of 1.12. The company’s 50 day simple moving average is $4.47 and its 200-day simple moving average is $4.11. Nokia Oyj has a one year low of $2.94 and a one year high of $4.95.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $4.75 billion for the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. Sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.