Vest Financial LLC Buys 3,248 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Vest Financial LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,464 shares of the communications equipment provider’s stock after acquiring an additional 3,248 shares during the quarter. Vest Financial LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ERIC. GAMMA Investing LLC increased its position in shares of 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 valued at $80,000 after purchasing an additional 5,070 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth approximately $81,000. Assetmark Inc. grew its position in 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 valued at $94,000 after acquiring an additional 11,708 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $94,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth approximately $100,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.57 on Monday. The stock has a market capitalization of $25.23 billion, a P/E ratio of -757,000.00, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The business’s 50 day simple moving average is $8.12 and its two-hundred day simple moving average is $7.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings results 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 net margin of 0.06% and a return on equity of 13.70%. Analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on ERIC shares. StockNews.com lowered 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. raised their price objective on 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) 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.