Moloney Securities Asset Management LLC Acquires New Holdings in Nokia Oyj (NYSE:NOK)

Moloney Securities Asset Management LLC acquired a new stake in Nokia Oyj (NYSE:NOK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 324,634 shares of the technology company’s stock, valued at approximately $1,419,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. QRG Capital Management Inc. raised its holdings in Nokia Oyj by 92.8% in the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after buying an additional 255,893 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its position in Nokia Oyj by 4.4% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 146,499 shares of the technology company’s stock valued at $640,000 after acquiring an additional 6,225 shares in the last quarter. US Bancorp DE grew its position in Nokia Oyj by 5.5% in the 3rd quarter. US Bancorp DE now owns 371,888 shares of the technology company’s stock valued at $1,625,000 after acquiring an additional 19,418 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in Nokia Oyj in the 3rd quarter valued at about $44,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after acquiring an additional 2,776 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Stock Performance

Shares of NOK opened at $4.72 on Wednesday. The stock has a 50 day moving average price of $4.44 and a 200 day moving average price of $4.05. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 58.94, a price-to-earnings-growth ratio of 6.15 and a beta of 1.12. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.95.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NOK shares. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research report on Monday, October 21st. Northland Securities reissued an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nokia Oyj presently has an average rating of “Hold” and an average price target of $4.56.

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.