Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Position Increased by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA raised its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 187.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,916 shares of the communications equipment provider’s stock after purchasing 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.

Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% in 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 in the last quarter. Vest Financial LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the third quarter worth approximately $77,000. GAMMA Investing LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 92.8% in the third quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock worth $80,000 after acquiring an additional 5,070 shares in the last quarter. Assetmark Inc. increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the 3rd quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 11,708 shares during the last quarter. Finally, Fulton Bank N.A. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $102,000. 7.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERIC has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ:ERIC opened at $7.97 on Monday. The firm has a market capitalization of $26.54 billion, a PE ratio of -264.83 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90. 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 firm’s fifty day simple moving average is $8.23 and its 200 day simple moving average is $7.73.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.47 EPS for the current year.

About Telefonaktiebolaget LM Ericsson (publ)

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.