Jane Street Group LLC Grows Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Jane Street Group LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,121,197 shares of the communications equipment provider's stock after buying an additional 424,423 shares during the period. Jane Street Group LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $9,037,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ERIC. GeoWealth Management LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $36,000. Smartleaf Asset Management LLC lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during 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 period. SBI Securities Co. Ltd. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at $77,000. Valeo Financial Advisors LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $81,000. Finally, Diametric Capital LP purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $85,000. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

NASDAQ:ERIC opened at $8.37 on Thursday. The stock has a market capitalization of $27.88 billion, a PE ratio of -836,500.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.22 and a 52 week high of $8.90. 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 stock's 50-day moving average price is $7.98 and its 200-day moving average price is $8.08.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $55.83 billion. As a group, equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

ERIC has been the topic of several analyst reports. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a report 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) 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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