24,804 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Acquired by XY Capital Ltd

XY Capital Ltd bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,804 shares of the communications equipment provider’s stock, valued at approximately $200,000.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after buying an additional 463,415 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after acquiring an additional 2,020,200 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% in the 3rd quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider’s stock valued at $8,658,000 after acquiring an additional 73,320 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 35.9% in the 3rd quarter. Gateway Investment Advisers LLC now owns 857,213 shares of the communications equipment provider’s stock valued at $6,498,000 after acquiring an additional 226,672 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 35.9% in the 3rd quarter. Quantinno Capital Management LP now owns 579,054 shares of the communications equipment provider’s stock valued at $4,389,000 after acquiring an additional 153,084 shares during the last quarter. 7.99% of the stock is currently owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.3 %

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.57 on Monday. The company has a market capitalization of $25.23 billion, a P/E ratio of -757,000.00, a PEG ratio of 3.65 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90. The company’s fifty day moving average is $8.12 and its two-hundred day moving average is $7.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. Analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ERIC. StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.