Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,463,200 shares of the communications equipment provider's stock after acquiring an additional 431,300 shares during the period. Two Sigma Advisers LP owned 0.07% of Telefonaktiebolaget LM Ericsson (publ) worth $19,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Minot DeBlois Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $35,000. GeoWealth Management LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock valued at $40,000 after buying an additional 2,840 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $77,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $81,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Analyst Upgrades and Downgrades

ERIC has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Finally, Kepler Capital Markets upgraded shares of 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 0.2%

NASDAQ:ERIC traded up $0.02 on Tuesday, reaching $8.68. 11,583,584 shares of the company's stock were exchanged, compared to its average volume of 19,177,610. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.91 billion, a price-to-earnings ratio of -867,500.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96. The business has a fifty day moving average of $8.04 and a 200-day moving average of $8.09. Telefonaktiebolaget LM Ericsson has a 52-week low of $5.76 and a 52-week high of $9.00.

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

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.