Nokia Oyj (NYSE:NOK) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC reduced its holdings in Nokia Oyj (NYSE:NOK) by 77.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 57,250 shares of the technology company’s stock after selling 197,700 shares during the quarter. RWA Wealth Partners LLC’s holdings in Nokia Oyj were worth $196,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NOK. Pzena Investment Management LLC increased its stake in Nokia Oyj by 13,524.2% in the third quarter. Pzena Investment Management LLC now owns 42,791,256 shares of the technology company’s stock valued at $160,039,000 after purchasing an additional 42,477,173 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Nokia Oyj by 10.8% during the third quarter. Artisan Partners Limited Partnership now owns 101,681,755 shares of the technology company’s stock valued at $380,290,000 after acquiring an additional 9,908,461 shares during the period. Walleye Capital LLC purchased a new stake in Nokia Oyj during the third quarter valued at about $12,591,000. Deutsche Bank AG grew its position in Nokia Oyj by 30.4% during the third quarter. Deutsche Bank AG now owns 1,221,580 shares of the technology company’s stock valued at $4,569,000 after acquiring an additional 285,076 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in Nokia Oyj during the third quarter valued at about $768,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Barclays downgraded Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. decreased their target price on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, BNP Paribas assumed coverage on Nokia Oyj in a research report on Friday, January 12th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.42.

Nokia Oyj Trading Up 0.3 %

Shares of NOK opened at $3.65 on Friday. The company has a market capitalization of $20.56 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.14 and a beta of 1.09. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The stock has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.47.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company earned $0.16 EPS. Sell-side analysts forecast that Nokia Oyj will post 0.38 EPS for the current fiscal year.

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.