24,804 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Purchased by XY Capital Ltd

XY Capital Ltd bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,804 shares of the communications equipment provider’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position 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 valued at $998,000 after purchasing an additional 19,562 shares in the last quarter. AQR Capital Management LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth $592,000. Millennium Management LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth $2,896,000. Sanctuary Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the second quarter valued at approximately $81,000. Finally, Park Avenue Securities LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 73.8% in the third quarter. Park Avenue Securities LLC now owns 31,121 shares of the communications equipment provider’s stock worth $236,000 after buying an additional 13,218 shares during the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.57 on Monday. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The company has a market cap of $25.23 billion, a price-to-earnings ratio of -757,000.00, a PEG ratio of 3.65 and a beta of 0.77. 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 price is $8.12 and its 200 day moving average price is $7.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. On average, research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased 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 report on Monday, October 21st.

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.