Wellington Management Group LLP Purchases Shares of 524,031 Nokia Oyj (NYSE:NOK)

Wellington Management Group LLP bought a new position in Nokia Oyj (NYSE:NOK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 524,031 shares of the technology company's stock, valued at approximately $2,321,000.

A number of other large investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj during the 4th quarter valued at $46,000. Wedmont Private Capital bought a new position in Nokia Oyj in the 4th quarter valued at $47,000. Wealthstream Advisors Inc. purchased a new stake in Nokia Oyj in the fourth quarter worth $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nokia Oyj during the fourth quarter worth $58,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Craig Hallum raised their price target 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. The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. StockNews.com raised Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Stock Up 1.5 %

Shares of NYSE:NOK traded up $0.08 during trading on Thursday, reaching $5.16. The stock had a trading volume of 4,325,513 shares, compared to its average volume of 17,491,373. The firm's 50-day simple moving average is $5.06 and its 200 day simple moving average is $4.69. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a one year low of $3.30 and a one year high of $5.48. The company has a market capitalization of $28.11 billion, a P/E ratio of 20.58, a PEG ratio of 6.43 and a beta of 0.97.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.30% and a net margin of 6.54%. As a group, research analysts expect that Nokia Oyj will post 0.34 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.