JPMorgan Chase & Co. Acquires 59,818 Shares of Nokia Oyj (NYSE:NOK)

JPMorgan Chase & Co. increased its stake in Nokia Oyj (NYSE:NOK - Free Report) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 790,129 shares of the technology company's stock after purchasing an additional 59,818 shares during the period. JPMorgan Chase & Co.'s holdings in Nokia Oyj were worth $3,500,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOK. Checchi Capital Advisers LLC increased its holdings in Nokia Oyj by 14.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock valued at $91,000 after buying an additional 2,509 shares during the period. PDS Planning Inc boosted its holdings in shares of Nokia Oyj by 10.4% in the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock valued at $125,000 after purchasing an additional 2,665 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Nokia Oyj by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock valued at $420,000 after purchasing an additional 3,398 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Nokia Oyj by 7.0% during the 4th quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock worth $259,000 after buying an additional 3,808 shares in the last quarter. Finally, Five Oceans Advisors lifted its position in shares of Nokia Oyj by 11.1% during the 4th quarter. Five Oceans Advisors now owns 38,582 shares of the technology company's stock worth $171,000 after buying an additional 3,853 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Oyj Trading Up 2.7 %

NYSE:NOK traded up $0.13 during mid-day trading on Friday, hitting $4.99. 20,965,142 shares of the company's stock were exchanged, compared to its average volume of 17,768,904. Nokia Oyj has a fifty-two week low of $3.57 and a fifty-two week high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $27.21 billion, a P/E ratio of 19.96, a PEG ratio of 6.43 and a beta of 0.97. The company has a 50 day simple moving average of $5.09 and a 200-day simple moving average of $4.72.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. As a group, research analysts expect that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NOK. The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st. StockNews.com raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Finally, Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $5.85.

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.