Claro Advisors LLC Acquires New Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Claro Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,169 shares of the communications equipment provider's stock, valued at approximately $259,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Choreo LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth about $78,000. BOKF NA bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter worth approximately $41,000. Dimensional Fund Advisors LP lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 161,719 shares of the communications equipment provider's stock worth $998,000 after buying an additional 19,562 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 1.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 102,448 shares of the communications equipment provider's stock valued at $632,000 after buying an additional 1,777 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 119,097 shares of the communications equipment provider's stock valued at $735,000 after buying an additional 14,806 shares during the period. Institutional investors and hedge funds own 7.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ERIC shares. JPMorgan Chase & Co. raised their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a "neutral" rating in a report on Monday, October 21st. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 16th.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.9 %

Shares of ERIC stock traded down $0.08 during trading hours on Thursday, reaching $8.46. The company had a trading volume of 17,136,820 shares, compared to its average volume of 17,291,752. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. The firm has a market cap of $28.19 billion, a price-to-earnings ratio of -282.00 and a beta of 0.79. The company has a 50 day moving average of $8.17 and a 200 day moving average of $7.61.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.73 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. On average, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.43 EPS 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.