Investors Purchase High Volume of Nokia Oyj Call Options (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was the target of unusually large options trading on Thursday. Stock investors purchased 30,735 call options on the stock. This represents an increase of 211% compared to the typical volume of 9,878 call options.

Analyst Ratings Changes

Several research firms recently commented on NOK. JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Craig Hallum lifted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Finally, 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 report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, Nokia Oyj has an average rating of “Moderate Buy” and a consensus price target of $5.85.

Institutional Trading of Nokia Oyj

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its holdings in shares of Nokia Oyj by 29.9% during the fourth quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company’s stock valued at $3,060,000 after buying an additional 158,935 shares in the last quarter. FMR LLC boosted its position in Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after acquiring an additional 27,755,460 shares during the period. XTX Topco Ltd acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at about $1,417,000. Allspring Global Investments Holdings LLC lifted its position in shares of Nokia Oyj by 14.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,428 shares of the technology company’s stock worth $226,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Nokia Oyj by 261.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 103,069 shares of the technology company’s stock worth $457,000 after purchasing an additional 74,552 shares during the period. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Trading Down 0.1 %

Shares of Nokia Oyj stock traded down $0.01 on Thursday, reaching $5.17. 27,605,829 shares of the company were exchanged, compared to its average volume of 21,386,861. 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 fifty-two week low of $3.29 and a fifty-two week high of $5.23. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The stock has a fifty day moving average price of $4.70 and a 200-day moving average price of $4.50.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, analysts expect that Nokia Oyj will post 0.34 EPS for the current 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.