105,400 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,400 shares of the communications equipment provider's stock, valued at approximately $850,000.

Other large investors have also added to or reduced their stakes in the company. Diversified Trust Co increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 68.7% in the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider's stock valued at $2,772,000 after purchasing an additional 140,116 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 275.3% during the fourth quarter. Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider's stock worth $394,000 after acquiring an additional 35,863 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 55.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider's stock valued at $14,475,000 after purchasing an additional 638,393 shares during the last quarter. Atria Investments Inc grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 370.6% in the 4th quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider's stock worth $408,000 after buying an additional 39,889 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 15.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider's stock worth $2,032,000 after acquiring an additional 32,982 shares during the period. Institutional investors and hedge funds own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of ERIC stock traded up $0.01 during mid-day trading on Friday, hitting $8.29. 25,453,195 shares of the stock were exchanged, compared to its average volume of 18,688,700. Telefonaktiebolaget LM Ericsson has a 12-month low of $5.30 and a 12-month high of $8.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The stock's fifty day simple moving average is $7.98 and its two-hundred day simple moving average is $8.08. The stock has a market capitalization of $27.63 billion, a price-to-earnings ratio of -829,000.00, a P/E/G ratio of 3.89 and a beta of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $55.83 billion. On average, analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

ERIC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a report on Friday, April 11th. Kepler Capital Markets raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 17th.

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.