Nokia Oyj (NYSE:NOK) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. lowered its holdings in Nokia Oyj (NYSE:NOK) by 20.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,811 shares of the technology company’s stock after selling 17,100 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Nokia Oyj were worth $232,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Management Associates Inc acquired a new position in shares of Nokia Oyj in the fourth quarter worth $34,000. Paradigm Asset Management Co. LLC purchased a new stake in Nokia Oyj during the 3rd quarter worth about $37,000. Crestwood Advisors Group LLC purchased a new position in shares of Nokia Oyj in the 3rd quarter valued at about $37,000. Greenleaf Trust acquired a new position in shares of Nokia Oyj during the fourth quarter worth about $38,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $42,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NOK. BNP Paribas initiated coverage on shares of Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating for the company. JPMorgan Chase & Co. cut their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Barclays downgraded Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. Finally, StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.42.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock traded up $0.02 during trading hours on Friday, hitting $3.69. 13,590,941 shares of the company were exchanged, compared to its average volume of 16,638,434. The business has a 50-day moving average of $3.56 and a 200-day moving average of $3.48. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.36. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.18 and a beta of 1.07.

Nokia Oyj 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.