International Private Wealth Advisors LLC Makes New $108,000 Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

International Private Wealth Advisors LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,364 shares of the communications equipment provider’s stock, valued at approximately $108,000.

Several other hedge funds also recently modified their holdings of the company. First Affirmative Financial Network boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock worth $324,000 after purchasing an additional 1,798 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the third quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock valued at $264,000 after purchasing an additional 1,866 shares during the period. Aaron Wealth Advisors LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock worth $228,000 after purchasing an additional 2,172 shares during the last quarter. Pitcairn Co. raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the third quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider’s stock worth $135,000 after purchasing an additional 2,279 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 11.1% in the 3rd quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider’s stock valued at $229,000 after purchasing an additional 3,026 shares during the last quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ERIC. JPMorgan Chase & Co. upped their price objective on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC opened at $7.65 on Tuesday. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The company has a 50 day moving average of $8.12 and a two-hundred day moving average of $7.80. The company has a market cap of $25.49 billion, a P/E ratio of -765,000.00, a P/E/G ratio of 3.65 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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, analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share 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.