Well Done LLC acquired a new stake in shares of Nokia Oyj (NYSE:NOK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,609 shares of the technology company’s stock, valued at approximately $98,000.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Nokia Oyj by 152.6% in the 1st quarter. FMR LLC now owns 30,523,186 shares of the technology company’s stock valued at $174,593,000 after acquiring an additional 18,438,723 shares during the last quarter. Folketrygdfondet lifted its stake in Nokia Oyj by 23.0% in the first quarter. Folketrygdfondet now owns 21,414,870 shares of the technology company’s stock worth $122,493,000 after purchasing an additional 4,000,000 shares during the last quarter. Jennison Associates LLC bought a new stake in Nokia Oyj in the first quarter worth about $71,179,000. Miller Howard Investments Inc. NY lifted its stake in Nokia Oyj by 3.5% in the first quarter. Miller Howard Investments Inc. NY now owns 8,948,601 shares of the technology company’s stock worth $51,186,000 after purchasing an additional 301,741 shares during the last quarter. Finally, Prio Wealth Limited Partnership lifted its stake in Nokia Oyj by 5.6% in the second quarter. Prio Wealth Limited Partnership now owns 4,893,452 shares of the technology company’s stock worth $24,516,000 after purchasing an additional 259,693 shares during the last quarter. Hedge funds and other institutional investors own 7.66% of the company’s stock.

NOK stock traded down $0.18 during trading on Tuesday, hitting $5.47. 622,356 shares of the company’s stock traded hands, compared to its average volume of 22,481,768. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 20.30 and a beta of 0.26. The stock’s fifty day moving average price is $5.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 1.05. Nokia Oyj has a 1 year low of $4.71 and a 1 year high of $6.65.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.05. Nokia Oyj had a negative net margin of 2.26% and a positive return on equity of 7.84%. The business had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts anticipate that Nokia Oyj will post 0.25 EPS for the current fiscal year.

Several analysts have issued reports on the stock. Canaccord Genuity set a $107.00 price objective on shares of Columbia Sportswear and gave the stock a “hold” rating in a research note on Friday, April 26th. Raymond James lifted their price target on shares of Spotify Technology from $172.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Nordea Equity Research raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. Goldman Sachs Group set a GBX 4,300 ($56.19) price target on shares of ASOS and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Santander raised shares of Nokia Oyj from an “underweight” rating to a “buy” rating in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Nokia Oyj presently has a consensus rating of “Buy” and an average price target of $6.83.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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