Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stake Boosted by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA boosted its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 187.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,916 shares of the communications equipment provider's stock after buying an additional 33,865 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ERIC. Hexagon Capital Partners LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider's stock valued at $43,000 after buying an additional 3,924 shares during the last quarter. Vest Financial LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at approximately $77,000. GAMMA Investing LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the 3rd quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider's stock worth $80,000 after buying an additional 5,070 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter valued at about $81,000. Finally, Assetmark Inc. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider's stock worth $94,000 after buying an additional 11,708 shares during the period. Institutional investors and hedge funds own 7.99% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. lifted 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.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

NASDAQ:ERIC traded up $0.11 during midday trading on Monday, hitting $7.73. 24,600,095 shares of the stock were exchanged, compared to its average volume of 18,385,963. The business has a 50-day moving average price of $8.23 and a two-hundred day moving average price of $7.73. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of -257.67 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. Sell-side analysts predict that Telefonaktiebolaget LM Ericsson will post 0.47 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.