Diversify Wealth Management LLC Buys Shares of 100,648 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Diversify Wealth Management LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 100,648 shares of the communications equipment provider's stock, valued at approximately $818,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aaron Wealth Advisors LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock worth $228,000 after buying an additional 2,172 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $107,000. Ritholtz Wealth Management grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.0% during the 4th quarter. Ritholtz Wealth Management now owns 362,964 shares of the communications equipment provider's stock valued at $2,925,000 after purchasing an additional 180,546 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 54.9% during the 4th quarter. Park Avenue Securities LLC now owns 48,219 shares of the communications equipment provider's stock valued at $389,000 after purchasing an additional 17,098 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth $227,000. 7.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ERIC. JPMorgan Chase & Co. upped their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a "neutral" rating in a research note 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 Up 0.6 %

ERIC stock traded up $0.06 during trading on Wednesday, reaching $8.78. The company had a trading volume of 8,342,051 shares, compared to its average volume of 16,000,037. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.85. The company has a market cap of $29.24 billion, a P/E ratio of -292.50 and a beta of 0.79. The business has a 50 day moving average of $8.20 and a 200 day moving average of $7.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95.

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.