Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 834,087 shares of the communications equipment provider's stock after purchasing an additional 41,851 shares during the period. First Trust Advisors LP's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $6,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ERIC. Checchi Capital Advisers LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 10.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider's stock valued at $121,000 after buying an additional 1,464 shares during the last quarter. First Affirmative Financial Network raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider's stock worth $324,000 after acquiring an additional 1,798 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock worth $228,000 after purchasing an additional 2,172 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 75,812 shares of the communications equipment provider's stock valued at $611,000 after purchasing an additional 2,763 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 2,840 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a research 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 report on Wednesday, April 16th. Finally, StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC stock traded up $0.01 during trading on Monday, reaching $8.35. 4,135,177 shares of the company were exchanged, compared to its average volume of 18,373,804. 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 50 day moving average price is $7.97 and its 200 day moving average price is $8.08. Telefonaktiebolaget LM Ericsson has a 52-week low of $5.22 and a 52-week high of $8.90. The company has a market cap of $27.81 billion, a P/E ratio of -834,500.00, a PEG ratio of 3.89 and a beta of 0.92.

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