XTX Topco Ltd reduced its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 59.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,084 shares of the communications equipment provider's stock after selling 220,305 shares during the quarter. XTX Topco Ltd's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 401.1% in the 4th quarter. Renaissance Technologies LLC now owns 13,607,012 shares of the communications equipment provider's stock worth $109,673,000 after purchasing an additional 10,891,451 shares in the last quarter. National Bank of Canada FI purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $23,440,000. Sei Investments Co. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 55.0% during the 4th quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider's stock valued at $38,755,000 after acquiring an additional 1,705,246 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $8,746,000. Finally, US Bancorp DE increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 434.2% in the 4th quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider's stock valued at $7,806,000 after purchasing an additional 787,154 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on ERIC. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday. 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a research report on Friday, April 11th.
Check Out Our Latest Stock Report on Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.9 %
NASDAQ ERIC traded up $0.23 during trading hours on Friday, hitting $8.17. 26,277,917 shares of the company's stock were exchanged, compared to its average volume of 17,945,795. The firm has a market capitalization of $27.23 billion, a P/E ratio of -817,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. Telefonaktiebolaget LM Ericsson has a 12-month low of $5.00 and a 12-month high of $8.90. 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 business's 50 day moving average is $7.91 and its 200-day moving average is $8.04.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate 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 anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.
Telefonaktiebolaget LM Ericsson (publ) Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were given a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio (DPR) is currently -1,800,000.10%.
Telefonaktiebolaget LM Ericsson (publ) Profile
(
Free Report)
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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