BNP Paribas Financial Markets Purchases 848,205 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

BNP Paribas Financial Markets increased its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 176.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,328,099 shares of the communications equipment provider's stock after purchasing an additional 848,205 shares during the quarter. BNP Paribas Financial Markets' holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $10,704,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ERIC. Renaissance Technologies LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 401.1% in the fourth quarter. Renaissance Technologies LLC now owns 13,607,012 shares of the communications equipment provider's stock valued at $109,673,000 after buying an additional 10,891,451 shares during the last quarter. National Bank of Canada FI bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $23,440,000. Sei Investments Co. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 55.0% during the 4th quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider's stock valued at $38,755,000 after purchasing an additional 1,705,246 shares during the last quarter. Trexquant Investment LP bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $8,746,000. Finally, US Bancorp DE increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 434.2% in the fourth quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider's stock valued at $7,806,000 after purchasing an additional 787,154 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.1 %

ERIC stock opened at $8.29 on Friday. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.30 and a 52 week high of $8.90. The company has a market capitalization of $27.63 billion, a PE ratio of -829,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96. The company's 50-day simple moving average is $7.98 and its 200 day simple moving average is $8.08. 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 (publ) (NASDAQ:ERIC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $55.83 billion. As a group, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) 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.

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